EON Resources (NYSEAMERICAN:EONR) Trading Down 0.8% – Here’s Why

EON Resources Inc. (NYSEAMERICAN:EONR)’s share price fell 0.8% during mid-day trading on Monday . The company traded as low as $0.3747 and last traded at $0.3987. 630,887 shares changed hands during trading, a decline of 68% from the average session volume of 1,952,573 shares. The stock had previously closed at $0.4018.

EON Resources Price Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 0.35 and a quick ratio of 0.35. The firm’s 50 day moving average price is $0.40 and its two-hundred day moving average price is $0.42.

Insiders Place Their Bets

In related news, Director Joseph V. Sr Salvucci, Sr. acquired 118,237 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were purchased at an average price of $0.43 per share, for a total transaction of $50,841.91. Following the completion of the acquisition, the director owned 2,047,358 shares of the company’s stock, valued at approximately $880,363.94. This trade represents a 6.13% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have acquired 198,237 shares of company stock valued at $84,642 over the last ninety days. Insiders own 9.18% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Geode Capital Management LLC grew its holdings 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 valued at $95,000 after buying an additional 45,936 shares during the last quarter. Daytona Street Capital LLC bought a new position in EON Resources in the 4th quarter valued at about $159,000. Finally, Two Sigma Investments LP boosted 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 during the last quarter. 33.51% of the stock is owned by 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.