Fund Vertex Sells 60,920 Shares of Lilis Energy Inc (LLEX) Stock

Lilis Energy Inc (NASDAQ:LLEX) major shareholder Fund Vertex sold 60,920 shares of the business’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $4.97, for a total transaction of $302,772.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Fund Vertex also recently made the following trade(s):

  • On Thursday, October 5th, Fund Vertex sold 10,720 shares of Lilis Energy stock. The shares were sold at an average price of $5.01, for a total transaction of $53,707.20.

Shares of Lilis Energy Inc (NASDAQ LLEX) opened at 4.67 on Friday. The firm’s market cap is $237.32 million. Lilis Energy Inc has a 12-month low of $2.10 and a 12-month high of $5.69. The company has a 50-day moving average of $4.22 and a 200 day moving average of $4.41.

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Several large investors have recently made changes to their positions in LLEX. Vanguard Group Inc. acquired a new stake in shares of Lilis Energy in the second quarter valued at $4,046,000. Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of Lilis Energy in the second quarter valued at $3,384,000. State Street Corp acquired a new stake in shares of Lilis Energy in the second quarter valued at $2,762,000. Northern Trust Corp acquired a new stake in shares of Lilis Energy in the second quarter valued at $2,137,000. Finally, TIAA CREF Investment Management LLC acquired a new stake in shares of Lilis Energy in the second quarter valued at $553,000.

LLEX has been the subject of several recent research reports. Seaport Global Securities reiterated a “buy” rating and set a $8.00 target price (up previously from $6.75) on shares of Lilis Energy in a research note on Wednesday, October 4th. SunTrust Banks, Inc. began coverage on shares of Lilis Energy in a research report on Monday, August 14th. They set a “buy” rating and a $7.00 price target for the company. Williams Capital began coverage on shares of Lilis Energy in a research report on Tuesday, September 26th. They set a “buy” rating and a $7.00 price target for the company. Zacks Investment Research upgraded shares of Lilis Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Northland Securities lowered shares of Lilis Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 3rd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Lilis Energy currently has an average rating of “Buy” and an average target price of $6.71.

About Lilis Energy

Lilis Energy, Inc is an upstream independent oil and gas company. The Company is engaged in the acquisition, drilling and production of oil and natural gas properties and prospects. The Company drills for, operates and produces oil and natural gas wells through its land holdings located in Wyoming, Colorado, and Nebraska.

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