Battalion Oil (NYSEAMERICAN:BATL) Director Sells $13,792,055.58 in Stock

Battalion Oil Co. (NYSEAMERICAN:BATL) Director Gen Iv Investment Opportunitie sold 2,369,769 shares of the company’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $5.82, for a total value of $13,792,055.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Battalion Oil Price Performance

NYSEAMERICAN BATL opened at $5.48 on Tuesday. The stock has a market capitalization of $102.70 million, a price-to-earnings ratio of -2.46 and a beta of 0.56. Battalion Oil Co. has a one year low of $1.00 and a one year high of $29.70. The business’s fifty day moving average is $7.95 and its 200-day moving average is $3.55.

Battalion Oil (NYSEAMERICAN:BATL) last issued its quarterly earnings results on Monday, March 23rd. The company reported ($1.16) earnings per share for the quarter. Battalion Oil had a negative return on equity of 402.98% and a net margin of 7.15%.The company had revenue of $2.98 million during the quarter.

Institutional Investors Weigh In On Battalion Oil

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its holdings in Battalion Oil by 50.4% during the 4th quarter. Geode Capital Management LLC now owns 64,862 shares of the company’s stock valued at $73,000 after acquiring an additional 21,737 shares during the period. Citadel Advisors LLC boosted its holdings in shares of Battalion Oil by 40.8% in the third quarter. Citadel Advisors LLC now owns 35,173 shares of the company’s stock worth $43,000 after acquiring an additional 10,189 shares during the period. Finally, XTX Topco Ltd boosted its holdings in shares of Battalion Oil by 74.7% in 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 during the period. 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.