579,221 Shares in Lilis Energy Inc (LLEX) Purchased by Laurion Capital Management LP

Laurion Capital Management LP acquired a new stake in shares of Lilis Energy Inc (NYSEAMERICAN:LLEX) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 579,221 shares of the company’s stock, valued at approximately $2,838,000. Laurion Capital Management LP owned 0.80% of Lilis Energy at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Millennium Management LLC bought a new stake in shares of Lilis Energy during the 1st quarter valued at $135,000. Biegel & Waller LLC lifted its stake in shares of Lilis Energy by 66.7% during the 3rd quarter. Biegel & Waller LLC now owns 62,500 shares of the company’s stock valued at $306,000 after buying an additional 25,000 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Lilis Energy by 19.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 85,300 shares of the company’s stock valued at $444,000 after buying an additional 13,600 shares in the last quarter. EAM Investors LLC purchased a new position in shares of Lilis Energy during the 2nd quarter valued at $630,000. Finally, Victory Capital Management Inc. lifted its stake in shares of Lilis Energy by 42.2% during the 2nd quarter. Victory Capital Management Inc. now owns 235,334 shares of the company’s stock valued at $1,223,000 after buying an additional 69,800 shares in the last quarter.

Shares of LLEX stock opened at $2.11 on Friday. Lilis Energy Inc has a 52 week low of $2.00 and a 52 week high of $6.30.

Lilis Energy (NYSEAMERICAN:LLEX) last announced its quarterly earnings results on Thursday, November 1st. The company reported ($0.09) EPS for the quarter, hitting the consensus estimate of ($0.09). The company had revenue of $19.48 million during the quarter, compared to analysts’ expectations of $22.17 million.

A number of research firms recently weighed in on LLEX. Stifel Nicolaus lowered their target price on shares of Lilis Energy from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, August 10th. Williams Capital cut shares of Lilis Energy from a “buy” rating to a “hold” rating and lowered their target price for the company from $8.00 to $5.00 in a research note on Wednesday, October 17th. Finally, Ifs Securities began coverage on shares of Lilis Energy in a research note on Monday, October 29th. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $7.33.

In other news, major shareholder Fund Vertex sold 117,696 shares of the company’s stock in a transaction dated Friday, October 5th. The shares were sold at an average price of $4.72, for a total transaction of $555,525.12. Following the sale, the insider now directly owns 6,043,301 shares in the company, valued at approximately $28,524,380.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark Daniel Christensen sold 52,865 shares of the company’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $5.41, for a total transaction of $285,999.65. Following the sale, the director now owns 23,954 shares in the company, valued at $129,591.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 51,000 shares of company stock worth $151,550 and have sold 7,181,832 shares worth $35,189,197.

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About Lilis Energy

Lilis Energy, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of conventional and unconventional oil and natural gas properties. Its total net acreage in the Permian Basin is approximately 19,000 acres. The company's oil and natural gas properties are located in the Delaware Basin in Winkler, Loving, and Reeves counties, Texas; and Lea County, New Mexico.

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Institutional Ownership by Quarter for Lilis Energy (NYSEAMERICAN:LLEX)

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