Gen Iv Investment Opportunitie Sells 2,369,769 Shares of Battalion Oil (NYSEAMERICAN:BATL) Stock

Battalion Oil Co. (NYSEAMERICAN:BATL) Director Gen Iv Investment Opportunitie sold 2,369,769 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $5.82, for a total value of $13,792,055.58. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Battalion Oil Stock Up 12.8%

Shares of BATL stock opened at $6.27 on Friday. Battalion Oil Co. has a 12 month low of $1.00 and a 12 month high of $29.70. The company has a market cap of $117.50 million, a PE ratio of -2.81 and a beta of 0.57. The business’s 50 day moving average is $7.87 and its two-hundred day moving average is $3.48.

Battalion Oil (NYSEAMERICAN:BATL) last posted its quarterly earnings data on Monday, March 23rd. The company reported ($1.16) earnings per share (EPS) for the quarter. Battalion Oil had a negative return on equity of 402.98% and a net margin of 7.15%.The firm had revenue of $2.98 million for the quarter.

Institutional Investors Weigh In On Battalion Oil

Hedge funds have recently bought and sold shares of the company. XTX Topco Ltd grew its position 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 purchasing an additional 13,523 shares during the last quarter. Citadel Advisors LLC lifted its position in shares of Battalion Oil by 40.8% during the 3rd quarter. Citadel Advisors LLC now owns 35,173 shares of the company’s stock worth $43,000 after purchasing an additional 10,189 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of 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 purchasing an additional 21,737 shares during the last quarter. 86.01% of the stock is currently owned by institutional investors.

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.