Battalion Oil shares rise amid insider buying and institutional interest

Battalion Oil Co. (BATL) shares rose 1% during mid-day trading on Monday, reaching a high of $1.08. The company reported quarterly revenue of $48.13 million and earnings per share of ($0.11).

Recent insider activity shows Director William Rogers acquired 70,000 shares on August 26 at an average price of $1.30 per share, increasing his total position to 72,000 shares. Additionally, institutional investors such as BlackRock Inc. and HighTower Advisors LLC established new positions in the company during the second quarter.