Battalion Oil (NYSEAMERICAN:BATL) Director Purchases 14,400 Shares

Key Points

• Director Gregory Hinds purchased 14,400 Battalion Oil shares at an average price of $1.31, investing $18,864 and increasing his direct holdings by 124.13% to 26,001 shares.
• BATL shares fell $0.02 to $1.31 in mid-day trading, near the company’s 52-week low of $1.00 and well below its 52-week high of $29.70. The stock has a market capitalization of approximately $75 million.
• Battalion Oil reported a quarterly loss of $0.11 per share on revenue of $48.13 million, while institutional investors collectively own 86.01% of the company’s stock.

Battalion Oil Co. (NYSEAMERICAN:BATL - Get Free Report) Director Gregory Hinds acquired 14,400 shares of the firm's stock in a transaction dated Thursday, August 27th. The stock was purchased at an average cost of $1.31 per share, with a total value of $18,864.00. Following the completion of the acquisition, the director directly owned 26,001 shares of the company's stock, valued at approximately $34,061.31. This trade represents a 124.13% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Battalion Oil Price Performance

Shares of BATL traded down $0.02 during mid-day trading on Friday, reaching $1.31. 1,993,954 shares of the company's stock were exchanged, compared to its average volume of 13,880,798. The stock has a market capitalization of $75.04 million, a PE ratio of -0.26 and a beta of 0.43. The business's fifty day simple moving average is $1.43 and its 200-day simple moving average is $4.08. Battalion Oil Co. has a 52-week low of $1.00 and a 52-week high of $29.70.

Battalion Oil (NYSEAMERICAN:BATL - Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported ($0.11) EPS for the quarter. The firm had revenue of $48.13 million for the quarter.

Institutional Investors Weigh In On Battalion Oil

A number of institutional investors and hedge funds have recently made changes to their positions in the business. XTX Topco Ltd boosted its stake 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 buying an additional 13,523 shares during the period. Susquehanna International Group LLP purchased a new position in shares of Battalion Oil during the second quarter worth about $38,000. AlphaGrep UK Ltd acquired a new position in Battalion Oil in the 2nd quarter valued at about $43,000. 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 valued at $43,000 after acquiring an additional 10,189 shares during the period. Finally, Geode Capital Management LLC increased its position in Battalion Oil by 50.4% in 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. 86.01% of the stock is owned by hedge funds and other institutional investors.

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.

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