GABELLI & Co INVESTMENT ADVISERS INC. Takes Position in Battalion Oil Co. (NYSE:BATL)

GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in Battalion Oil Co. (NYSE:BATL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 34,150 shares of the company’s stock, valued at approximately $59,000.

Other hedge funds also recently bought and sold shares of the company. Gabelli Funds LLC bought a new stake in shares of Battalion Oil in the 4th quarter worth about $83,000. XTX Topco Ltd bought a new stake in Battalion Oil during the fourth quarter worth approximately $33,000. Finally, Geode Capital Management LLC raised its position in Battalion Oil by 5.5% during the third quarter. Geode Capital Management LLC now owns 37,205 shares of the company’s stock valued at $248,000 after purchasing an additional 1,949 shares during the period. Hedge funds and other institutional investors own 86.01% of the company’s stock.

Battalion Oil Price Performance

Shares of Battalion Oil stock opened at $1.21 on Wednesday. The stock has a market cap of $19.91 million, a price-to-earnings ratio of -1.51 and a beta of 0.78. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a 50 day moving average price of $1.40 and a 200-day moving average price of $3.08. Battalion Oil Co. has a one year low of $1.05 and a one year high of $6.89.

Battalion Oil (NYSE:BATL) last posted its quarterly earnings data on Monday, March 31st. The company reported ($1.88) EPS for the quarter. Battalion Oil had a negative return on equity of 137.74% and a net margin of 12.02%. During the same quarter in the previous year, the business earned $1.63 EPS.

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.