Lilis Energy Inc (LLEX) Major Shareholder Fund Vertex Sells 10,720 Shares
Lilis Energy Inc (NASDAQ:LLEX) major shareholder Fund Vertex sold 10,720 shares of the firm’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $5.01, for a total value of $53,707.20. Following the sale, the insider now directly owns 6,962,640 shares in the company, valued at approximately $34,882,826.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Fund Vertex also recently made the following trade(s):
- On Friday, October 6th, Fund Vertex sold 60,920 shares of Lilis Energy stock. The stock was sold at an average price of $4.97, for a total value of $302,772.40.
Shares of Lilis Energy Inc (LLEX) traded up 1.45% on Wednesday, reaching $4.89. The company’s stock had a trading volume of 216,721 shares. The firm’s market cap is $248.50 million. The stock has a 50 day moving average of $4.15 and a 200-day moving average of $4.40. Lilis Energy Inc has a 12 month low of $2.10 and a 12 month high of $5.69.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. purchased a new stake in Lilis Energy during the second quarter valued at about $4,046,000. Gilder Gagnon Howe & Co. LLC purchased a new stake in Lilis Energy during the second quarter valued at about $3,384,000. State Street Corp purchased a new stake in Lilis Energy during the second quarter valued at about $2,762,000. Northern Trust Corp purchased a new stake in Lilis Energy during the second quarter valued at about $2,137,000. Finally, TIAA CREF Investment Management LLC purchased a new stake in Lilis Energy during the second quarter valued at about $553,000.
Several research analysts have commented on LLEX shares. Seaport Global Securities reaffirmed a “buy” rating and set a $8.00 target price (up from $6.75) on shares of Lilis Energy in a report on Wednesday, October 4th. SunTrust Banks, Inc. started coverage on Lilis Energy in a report on Monday, August 14th. They set a “buy” rating and a $7.00 target price on the stock. Williams Capital started coverage on Lilis Energy in a report on Tuesday, September 26th. They set a “buy” rating and a $7.00 target price on the stock. Zacks Investment Research raised Lilis Energy from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, Northland Securities downgraded Lilis Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, August 3rd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $6.71.
Lilis Energy Company Profile
Lilis Energy, Inc is an upstream independent oil and gas company. The Company is engaged in the acquisition, drilling and production of oil and natural gas properties and prospects. The Company drills for, operates and produces oil and natural gas wells through its land holdings located in Wyoming, Colorado, and Nebraska.
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