Lilis Energy Inc (LLEX) Holdings Raised by Millennium Management LLC

Millennium Management LLC raised its position in Lilis Energy Inc (NYSEAMERICAN:LLEX) by 4,700.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,631,751 shares of the company’s stock after purchasing an additional 1,597,757 shares during the period. Millennium Management LLC owned approximately 2.54% of Lilis Energy worth $8,485,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the business. Southpaw Asset Management LP acquired a new position in shares of Lilis Energy in the first quarter valued at approximately $8,314,000. Perella Weinberg Partners Capital Management LP acquired a new position in shares of Lilis Energy in the second quarter valued at approximately $590,000. Victory Capital Management Inc. boosted its holdings in shares of Lilis Energy by 42.2% in the second quarter. Victory Capital Management Inc. now owns 235,334 shares of the company’s stock valued at $1,223,000 after buying an additional 69,800 shares during the period. EAM Investors LLC acquired a new position in shares of Lilis Energy in the second quarter valued at approximately $630,000. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Lilis Energy by 19.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 85,300 shares of the company’s stock valued at $444,000 after buying an additional 13,600 shares during the period.

Several research firms have recently weighed in on LLEX. Stifel Nicolaus reduced their price target on shares of Lilis Energy from $12.00 to $11.00 and set a “buy” rating for the company in a report on Friday, August 10th. B. Riley upped their price target on shares of Lilis Energy from $5.50 to $6.00 and gave the company a “buy” rating in a report on Monday, June 11th.

Shares of LLEX opened at $4.51 on Tuesday. Lilis Energy Inc has a 12 month low of $3.10 and a 12 month high of $6.30.

Lilis Energy (NYSEAMERICAN:LLEX) last announced its earnings results on Thursday, August 9th. The company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.12). Lilis Energy had a negative return on equity of 419.18% and a negative net margin of 115.71%. The business had revenue of $17.48 million for the quarter, compared to analyst estimates of $21.78 million.

In other news, CFO Joseph C. Daches purchased 30,000 shares of the business’s stock in a transaction on Monday, August 13th. The stock was purchased at an average price of $4.01 per share, for a total transaction of $120,300.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Ronald D. Ormand purchased 25,000 shares of the business’s stock in a transaction on Tuesday, August 14th. The stock was purchased at an average price of $4.05 per share, with a total value of $101,250.00. Following the purchase, the chairman now owns 4,274,188 shares of the company’s stock, valued at $17,310,461.40. The disclosure for this purchase can be found here. Insiders have purchased 65,000 shares of company stock valued at $269,850 in the last 90 days.

Lilis Energy Profile

Lilis Energy, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of conventional and unconventional oil and natural gas properties. Its total net acreage in the Permian Basin is approximately 19,000 acres. The company's oil and natural gas properties are located in the Delaware Basin in Winkler, Loving, and Reeves counties, Texas; and Lea County, New Mexico.

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Institutional Ownership by Quarter for Lilis Energy (NYSEAMERICAN:LLEX)

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