Battalion Oil (NYSEAMERICAN:BATL) Director Sells $4,813,320.46 in Stock

Battalion Oil Co. (NYSEAMERICAN:BATL) Director Luminus Management Llc sold 1,209,377 shares of Battalion Oil stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $3.98, for a total value of $4,813,320.46. Following the transaction, the director owned 2,006,508 shares in the company, valued at $7,985,901.84. This represents a 37.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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 stock was sold at an average price of $5.59, for a total value of $3,807,376.95.

Battalion Oil Trading Up 10.3%

NYSEAMERICAN:BATL traded up $0.40 on Thursday, hitting $4.25. 30,318,544 shares of the company’s stock traded hands, compared to its average volume of 15,785,415. The company has a market cap of $79.59 million, a PE ratio of -1.94 and a beta of 0.76. Battalion Oil Co. has a 1 year low of $1.00 and a 1 year high of $29.70. The firm has a 50-day moving average price of $8.06 and a 200-day moving average price of $3.57.

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 Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BATL. Citadel Advisors LLC increased its position in Battalion Oil by 40.8% in the 3rd quarter. Citadel Advisors LLC now owns 35,173 shares of the company’s stock worth $43,000 after purchasing an additional 10,189 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 buying an additional 21,737 shares during the last quarter. Finally, XTX Topco Ltd grew its stake in shares of Battalion Oil by 74.7% in the 4th quarter. XTX Topco Ltd now owns 31,627 shares of the company’s stock valued at $36,000 after buying an additional 13,523 shares in the last quarter. Hedge funds and other institutional investors 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.