Insider Selling: Battalion Oil (NYSEAMERICAN:BATL) Director Sells $3,807,376.95 in Stock

Key Points

• Luminus Management LLC disclosed insider sales of 681,105 shares on March 30 at an average $5.59 ($3.807M) and 1,209,377 shares on March 31 at $3.98 ($4.813M), totaling 1,890,482 shares sold for about $8.62M and leaving it with 1,415,885 shares.
• Battalion Oil (BATL) traded at $4.25 on heavy volume (30.3M vs. 15.8M average); the company has a 12‑month range of $1.00–$29.70, a market cap of roughly $79.6M, and reported a quarterly loss of $1.16 per share (negative P/E of -1.90).

Battalion Oil Co. (NYSEAMERICAN:BATL - Get Free Report) Director Luminus Management Llc sold 681,105 shares of Battalion Oil stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $5.59, for a total transaction of $3,807,376.95. Following the completion of the sale, the director directly owned 1,415,885 shares in the company, valued at approximately $7,914,797.15. The trade was a 32.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, March 31st, Luminus Management Llc sold 1,209,377 shares of Battalion Oil stock. The stock was sold at an average price of $3.98, for a total transaction of $4,813,320.46.

Battalion Oil Stock Performance

NYSEAMERICAN:BATL traded up $0.40 during mid-day trading on Thursday, reaching $4.25. The stock had a trading volume of 30,318,544 shares, compared to its average volume of 15,785,415. Battalion Oil Co. has a twelve month low of $1.00 and a twelve month high of $29.70. The business has a 50 day simple moving average of $8.06 and a 200 day simple moving average of $3.57. The firm has a market capitalization of $79.59 million, a price-to-earnings ratio of -1.90 and a beta of 0.76.

Battalion Oil (NYSEAMERICAN:BATL - Get Free Report) last released its earnings results on Monday, March 23rd. The company reported ($1.16) earnings per share (EPS) for the quarter. The business had revenue of $32.27 million during the quarter.

Hedge Funds Weigh In On Battalion Oil

A number of institutional investors and hedge funds have recently made changes to their positions in BATL. XTX Topco Ltd increased its holdings 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 purchasing an additional 13,523 shares in the last quarter. Citadel Advisors LLC grew its position in Battalion Oil by 40.8% during the third quarter. Citadel Advisors LLC now owns 35,173 shares of the company's stock worth $43,000 after buying an additional 10,189 shares during the period. Finally, Geode Capital Management LLC increased its holdings in 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. 86.01% of the stock is owned by institutional investors and hedge funds.

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.

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