Insider Buying: Battalion Oil (NYSEAMERICAN:BATL) Director Buys $18,864.00 in Stock

Battalion Oil Co. (NYSEAMERICAN:BATL) Director Gregory Hinds bought 14,400 shares of Battalion Oil stock in a transaction dated Thursday, August 27th. The stock was purchased at an average cost of $1.31 per share, with a total value of $18,864.00. Following the completion of the acquisition, the director directly owned 26,001 shares in the company, valued at approximately $34,061.31. The trade was a 124.13% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Battalion Oil Price Performance

NYSEAMERICAN:BATL opened at $1.31 on Monday. The stock’s 50 day moving average price is $1.43 and its 200 day moving average price is $4.07. The company has a market capitalization of $75.04 million, a PE ratio of -0.26 and a beta of 0.43. Battalion Oil Co. has a 52-week low of $1.00 and a 52-week high of $29.70.

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

Institutional Trading of Battalion Oil

A number of large investors have recently bought and sold shares of the business. Baader Bank Aktiengesellschaft purchased a new position in Battalion Oil during the 1st quarter worth $99,000. Susquehanna International Group LLP purchased a new stake in shares of Battalion Oil in the second quarter valued at about $38,000. XTX Topco Ltd raised its holdings 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 buying an additional 13,523 shares during the last quarter. AlphaGrep UK Ltd acquired a new stake in shares of Battalion Oil during the second quarter worth about $43,000. Finally, Citadel Advisors LLC boosted its stake in shares of 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 buying an additional 10,189 shares during the period. 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.