EON Resources (NYSEAMERICAN:EONR) Shares Down 2.3% – What’s Next?

Shares of EON Resources Inc. (NYSEAMERICAN:EONR) were down 2.3% on Friday . The stock traded as low as $0.3810 and last traded at $0.3811. Approximately 504,392 shares changed hands during trading, a decline of 53% from the average daily volume of 1,062,736 shares. The stock had previously closed at $0.39.

EON Resources Trading Down 2.3%

The business’s 50 day moving average price is $0.43 and its 200-day moving average price is $0.41. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.07.

Insider Buying and Selling

In other news, Director Joseph V. Sr Salvucci, Sr. purchased 118,237 shares of the stock in a transaction dated Wednesday, November 26th. The stock was acquired at an average cost of $0.43 per share, for a total transaction of $50,841.91. Following the completion of the transaction, the director directly owned 2,047,358 shares in the company, valued at approximately $880,363.94. This represents a 6.13% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders acquired 198,237 shares of company stock worth $84,642 in the last 90 days. 9.18% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On EON Resources

A hedge fund recently raised its stake in EON Resources stock. Two Sigma Investments LP lifted its stake in shares of EON Resources Inc. (NYSEAMERICAN:EONR) by 574.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 194,560 shares of the company’s stock after buying an additional 165,709 shares during the quarter. Two Sigma Investments LP owned approximately 0.52% of EON Resources worth $95,000 at the end of the most recent reporting period. 33.51% of the stock is owned by hedge funds and other institutional investors.

About EON Resources

EON Resources Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and production of oil and natural gas properties in the Permian Basin. It holds a 100% working interest in the property that consists of 343 wells producing oil and gas, as well as 207 injection wells covering an area of approximately 13,700 contiguous acres. The company was formerly known as HNR Acquisition Corp and changed its name atop EON Resources Inc in September 2024. EON Resources Inc was incorporated in 2020 and is headquartered in Houston, Texas.