Trade Summary
6 days ago, Luminus Management LLC, serving as Dir, 10% owner at Battalion Oil Corp (BATL), sold 1,890,482 shares at $4.56 per share, for a total transaction value of $8,625,138.00. Following this transaction, Luminus Management LLC now holds 2,006,508 shares of BATL.
This sale represents a 49.00% decrease in Luminus Management LLC's stake in the company. This is considered a high-conviction trade given the significant change in ownership.
The trade was executed on Monday, March 30, 2026 and publicly disclosed via SEC Form 4 filing on Wednesday, April 1, 2026, 2 days after the trade was made.
Battalion Oil Corp operates in the ENERGY sector, specifically within the OIL & GAS E&P industry. Insider selling activity in this sector can provide valuable signals about industry trends and company-specific developments.