Battalion Oil (NYSEAMERICAN:BATL) Trading 5.5% Higher – Here’s What Happened

Battalion Oil Co. (NYSEAMERICAN:BATL)’s share price traded up 5.5% during trading on Tuesday . The stock traded as high as $2.74 and last traded at $2.68. 788,883 shares traded hands during trading, a decline of 95% from the average session volume of 16,059,950 shares. The stock had previously closed at $2.54.

Battalion Oil Price Performance

The business’s 50-day moving average is $1.84 and its two-hundred day moving average is $1.39.

Institutional Investors Weigh In On Battalion Oil

Hedge funds have recently added to or reduced their stakes in the company. GAM Holding AG purchased a new stake in Battalion Oil in the 2nd quarter valued at approximately $148,000. Citadel Advisors LLC lifted its holdings in shares of Battalion Oil by 40.8% in the 3rd quarter. Citadel Advisors LLC now owns 35,173 shares of the company’s stock valued at $43,000 after buying an additional 10,189 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Battalion Oil by 50.4% in the fourth quarter. Geode Capital Management LLC now owns 64,862 shares of the company’s stock valued at $73,000 after buying an additional 21,737 shares in the last quarter. Institutional investors and hedge funds own 86.01% of the company’s stock.

About Battalion Oil

Battalion Oil Corporation, an independent energy company, engages in the acquisition, production, exploration, and development of onshore oil and natural gas assets in the United States. It holds interests in the Delaware Basin located in the counties of Pecos, Ward, Reeves, and Winkler, Texas. It serves independent marketers, and oil and natural gas and gas pipeline companies. The company was formerly known as Halcón Resources Corporation and changed its name to Battalion Oil Corporation in January 2020.