EON Resources Inc. (NYSEAMERICAN:EONR – Get Free Report)’s share price traded down 2.9% during trading on Friday . The company traded as low as $0.49 and last traded at $0.50. 617,699 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 993,375 shares. The stock had previously closed at $0.5150.
EON Resources Stock Down 2.9%
The firm has a fifty day simple moving average of $0.59 and a two-hundred day simple moving average of $0.60.
Institutional Trading of EON Resources
A number of institutional investors have recently bought and sold shares of EONR. Two Sigma Investments LP increased its stake in EON Resources by 574.4% during the 3rd quarter. Two Sigma Investments LP now owns 194,560 shares of the company’s stock valued at $95,000 after purchasing an additional 165,709 shares in the last quarter. Daytona Street Capital LLC acquired a new stake in shares of EON Resources during the fourth quarter worth $159,000. Geode Capital Management LLC lifted its stake in shares of EON Resources by 22.9% during the fourth quarter. Geode Capital Management LLC now owns 246,570 shares of the company’s stock worth $95,000 after buying an additional 45,936 shares during the period. State Street Corp purchased a new stake in shares of EON Resources during the fourth quarter valued at $51,000. Finally, XTX Topco Ltd grew its holdings in shares of EON Resources by 41.8% during the fourth quarter. XTX Topco Ltd now owns 125,585 shares of the company’s stock valued at $48,000 after buying an additional 37,015 shares during the last quarter. 33.51% of the stock is currently owned by institutional investors and hedge funds.
EON Resources Company Profile
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.
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