Battalion Oil (NYSEAMERICAN:BATL) Director Luminus Management Llc Sells 1,209,377 Shares of Stock

Battalion Oil Co. (NYSEAMERICAN:BATL) Director Luminus Management Llc sold 1,209,377 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $3.98, for a total value of $4,813,320.46. Following the sale, the director owned 2,006,508 shares of the company’s stock, valued at $7,985,901.84. The trade was a 37.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Luminus Management Llc also recently made the following trade(s):

• On Monday, March 30th, Luminus Management Llc sold 681,105 shares of Battalion Oil stock. The shares were sold at an average price of $5.59, for a total value of $3,807,376.95.

Battalion Oil Price Performance

Shares of BATL opened at $4.21 on Friday. The business’s 50-day moving average is $8.12 and its 200-day moving average is $3.57. The company has a market capitalization of $78.90 million, a price-to-earnings ratio of -1.89 and a beta of 0.76. Battalion Oil Co. has a fifty-two week low of $1.00 and a fifty-two week high of $29.70.

Battalion Oil (NYSEAMERICAN:BATL) last posted its quarterly earnings results on Monday, March 23rd. The company reported ($1.16) earnings per share (EPS) for the quarter. The firm had revenue of $32.27 million for the quarter.

Institutional Investors Weigh In On Battalion Oil

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC grew its holdings in shares of Battalion Oil by 40.8% during the 3rd quarter. Citadel Advisors LLC now owns 35,173 shares of the company’s stock valued at $43,000 after acquiring an additional 10,189 shares in the last quarter. XTX Topco Ltd raised its holdings in shares of Battalion Oil by 74.7% during the fourth quarter. XTX Topco Ltd now owns 31,627 shares of the company’s stock worth $36,000 after acquiring an additional 13,523 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Battalion Oil by 50.4% during the fourth quarter. Geode Capital Management LLC now owns 64,862 shares of the company’s stock valued at $73,000 after purchasing an additional 21,737 shares during the last quarter. Hedge funds and other institutional investors own 86.01% of the company’s stock.

Battalion Oil Company Profile

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.