Battalion Oil (NYSEAMERICAN:BATL) Trading Down 2.4% – Here’s What Happened

Shares of Battalion Oil Co. (NYSEAMERICAN:BATL) traded down 2.4% during trading on Friday . The company traded as low as $1.19 and last traded at $1.23. 6,136,371 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 20,398,972 shares. The stock had previously closed at $1.26.

Battalion Oil Stock Down 2.4%

The firm has a market capitalization of $27.08 million, a P/E ratio of -0.22 and a beta of 0.42. The business has a 50-day moving average price of $2.23 and a 200-day moving average price of $4.14.

Battalion Oil (NYSEAMERICAN:BATL) last issued its earnings results on Wednesday, May 13th. The company reported ($0.93) EPS for the quarter. The company had revenue of $39.17 million during the quarter.

Insider Buying and Selling at Battalion Oil

In other Battalion Oil news, Director Luminus Management Llc sold 1,209,377 shares of Battalion Oil stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $3.98, for a total transaction of $4,813,320.46. Following the sale, the director directly owned 2,006,508 shares of the company’s stock, valued at approximately $7,985,901.84. The trade was a 37.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 41.30% of the company’s stock.

Institutional Trading of Battalion Oil

Several hedge funds have recently modified their holdings of the company. XTX Topco Ltd raised its stake 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 valued at $36,000 after acquiring an additional 13,523 shares during the last quarter. Citadel Advisors LLC boosted its holdings in shares of 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 acquiring an additional 10,189 shares in the last quarter. Geode Capital Management LLC grew its position in Battalion Oil by 50.4% during the 4th quarter. Geode Capital Management LLC now owns 64,862 shares of the company’s stock worth $73,000 after acquiring an additional 21,737 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft bought a new stake in Battalion Oil during the 1st quarter worth approximately $99,000. Institutional investors and hedge funds 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.