EAM Investors LLC Buys Shares of 121,241 Lilis Energy Inc (LLEX)

EAM Investors LLC bought a new stake in shares of Lilis Energy Inc (NYSEAMERICAN:LLEX) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 121,241 shares of the company’s stock, valued at approximately $630,000. EAM Investors LLC owned about 0.20% of Lilis Energy at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its stake in Lilis Energy by 42.2% during the second quarter. Victory Capital Management Inc. now owns 235,334 shares of the company’s stock worth $1,223,000 after purchasing an additional 69,800 shares during the last quarter. Perella Weinberg Partners Capital Management LP bought a new position in Lilis Energy during the second quarter worth $590,000. Millennium Management LLC bought a new position in Lilis Energy during the first quarter worth $135,000. Southpaw Asset Management LP bought a new position in Lilis Energy during the first quarter worth $8,314,000. Finally, Mobius Capital Management LLC bought a new position in Lilis Energy during the first quarter worth $710,000.

Shares of LLEX opened at $3.96 on Wednesday. Lilis Energy Inc has a one year low of $2.95 and a one year high of $6.30.



In related news, Chairman Ronald D. Ormand purchased 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The stock was acquired at an average price of $4.05 per share, for a total transaction of $101,250.00. Following the transaction, the chairman now directly owns 4,274,188 shares of the company’s stock, valued at approximately $17,310,461.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Joseph C. Daches purchased 30,000 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The stock was bought at an average price of $4.01 per share, with a total value of $120,300.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 65,000 shares of company stock valued at $275,250 and have sold 650,000 shares valued at $3,625,500.

Several brokerages recently issued reports on LLEX. B. Riley raised their price objective on Lilis Energy from $5.50 to $6.00 and gave the stock a “buy” rating in a research note on Monday, June 11th. Stifel Nicolaus began coverage on Lilis Energy in a research note on Tuesday, July 31st. They set a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $7.13.

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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