Battalion Oil (NYSEAMERICAN:BATL) Director Gregory Hinds Acquires 14,400 Shares

Battalion Oil Co. (NYSEAMERICAN:BATL – Get Free Report) Director Gregory Hinds purchased 14,400 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were bought at an average price of $1.31 per share, for a total transaction of $18,864.00. Following the completion of the transaction, the director directly owned 26,001 shares in the company, valued at $34,061.31. This represents a 124.13% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Battalion Oil Trading Down 1.5%

Shares of NYSEAMERICAN:BATL opened at $1.31 on Friday. The company has a 50 day moving average of $1.43 and a 200-day moving average of $4.07. The firm has a market cap of $75.04 million, a P/E ratio of -0.26 and a beta of 0.43. Battalion Oil Co. has a twelve month low of $1.00 and a twelve month high of $29.70.

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Battalion Oil (NYSEAMERICAN:BATL – Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.11) EPS for the quarter. The company had revenue of $48.13 million for the quarter.

Hedge Funds Weigh In On Battalion Oil

Several hedge funds have recently modified their holdings of the company. Baader Bank Aktiengesellschaft acquired a new stake in shares of Battalion Oil in the first quarter valued at $99,000. Susquehanna International Group LLP bought a new position in Battalion Oil during the second quarter valued at about $38,000. XTX Topco Ltd grew its holdings in Battalion Oil by 74.7% during the fourth quarter. XTX Topco Ltd now owns 31,627 shares of the company’s stock worth $36,000 after acquiring an additional 13,523 shares during the period. AlphaGrep UK Ltd acquired a new position in Battalion Oil during the second quarter worth about $43,000. Finally, Citadel Advisors LLC raised its position in Battalion Oil by 40.8% in the third 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. 86.01% of the stock is currently owned by institutional investors and hedge funds.

Battalion Oil Company Profile

(Get Free Report)

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.

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