Insider Buying: Battalion Oil (NYSEAMERICAN:BATL) Director Purchases 14,400 Shares of Stock

Battalion Oil Co. (NYSEAMERICAN:BATL) Director Gregory Hinds bought 14,400 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was bought at an average cost of $1.31 per share, for a total transaction of $18,864.00. Following the acquisition, the director 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 transaction was disclosed in a legal filing with the SEC, which is available through this link.

Battalion Oil Trading Down 1.5%

Shares of Battalion Oil stock traded down $0.02 during trading hours on Friday, hitting $1.31. 1,993,954 shares of the company were exchanged, compared to its average volume of 13,880,798. Battalion Oil Co. has a 1 year low of $1.00 and a 1 year high of $29.70. The business has a 50-day moving average of $1.43 and a 200-day moving average of $4.08. The stock has a market capitalization of $75.04 million, a price-to-earnings ratio of -0.26 and a beta of 0.43.

Battalion Oil (NYSEAMERICAN:BATL) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $48.13 million during the quarter.

Institutional Trading of Battalion Oil

Several hedge funds have recently made changes to their positions in the company. Baader Bank Aktiengesellschaft purchased a new stake in shares of Battalion Oil in the first quarter valued at about $99,000. Geode Capital Management LLC raised its holdings in Battalion Oil by 50.4% during the fourth quarter. Geode Capital Management LLC now owns 64,862 shares of the company’s stock worth $73,000 after purchasing an additional 21,737 shares in the last quarter. Citadel Advisors LLC raised its holdings 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 purchasing an additional 10,189 shares in the last quarter. XTX Topco Ltd lifted its position in 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 purchasing an additional 13,523 shares during the period. Finally, HighTower Advisors LLC acquired a new stake in Battalion Oil in the second quarter valued at about $131,000. 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.