Lilis Energy Inc (NASDAQ:LLEX) major shareholder Fund Vertex sold 60,920 shares of the company’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $4.97, for a total transaction of $302,772.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of Lilis Energy Inc (LLEX) traded up 1.45% on Wednesday, hitting $4.89. 216,331 shares of the company’s stock were exchanged. The stock has a market cap of $248.23 million and a price-to-earnings ratio of 2.47. The company’s 50-day moving average price is $4.15 and its 200 day moving average price is $4.40. Lilis Energy Inc has a 12-month low of $2.10 and a 12-month high of $5.69.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Lilis Energy in the second quarter valued at about $230,000. National Asset Management Inc. lifted its stake in shares of Lilis Energy by 22.7% in the second quarter. National Asset Management Inc. now owns 21,600 shares of the company’s stock valued at $106,000 after purchasing an additional 4,000 shares during the period. California State Teachers Retirement System acquired a new stake in shares of Lilis Energy in the second quarter valued at about $371,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Lilis Energy in the second quarter valued at about $180,000. Finally, State Street Corp acquired a new stake in shares of Lilis Energy in the second quarter valued at about $2,762,000.

A number of brokerages have weighed in on LLEX. Zacks Investment Research upgraded shares of Lilis Energy from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. Stephens began coverage on shares of Lilis Energy in a research report on Friday, September 29th. They issued an “overweight” rating and a $6.00 price objective for the company. Leerink Swann began coverage on shares of Lilis Energy in a research report on Monday, August 28th. They issued an “outperform” rating and a $6.00 price objective for the company. Williams Capital began coverage on shares of Lilis Energy in a research report on Tuesday, September 26th. They issued a “buy” rating and a $7.00 price objective for the company. Finally, Capital One Financial Corporation began coverage on shares of Lilis Energy in a research report on Thursday, October 5th. They issued an “overweight” rating and a $7.00 price objective for the company. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $6.71.

Lilis Energy Company Profile

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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