EON Resources Inc. (NYSEAMERICAN:EONR – Get Free Report) fell 7.3% on Monday . The company traded as low as $0.5058 and last traded at $0.5108. 1,306,119 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 1,667,758 shares. The stock had previously closed at $0.5510.
EON Resources Price Performance
The company has a 50-day moving average of $0.69 and a 200-day moving average of $0.59. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.07.
Institutional Investors Weigh In On EON Resources
Institutional investors and hedge funds have recently made changes to their positions in the stock. Daytona Street Capital LLC bought a new position in shares of EON Resources during the fourth quarter worth about $159,000. Geode Capital Management LLC lifted its stake in shares of EON Resources by 22.9% in the fourth quarter. Geode Capital Management LLC now owns 246,570 shares of the company’s stock worth $95,000 after acquiring an additional 45,936 shares during the period. Two Sigma Investments LP boosted its holdings in EON Resources by 574.4% in the third quarter. Two Sigma Investments LP now owns 194,560 shares of the company’s stock valued at $95,000 after acquiring an additional 165,709 shares during the last quarter. State Street Corp bought a new stake in EON Resources in the fourth quarter valued at approximately $51,000. Finally, XTX Topco Ltd increased its position in EON Resources by 41.8% during the 4th quarter. XTX Topco Ltd now owns 125,585 shares of the company’s stock valued at $48,000 after purchasing an additional 37,015 shares during the period. Institutional investors and hedge funds own 33.51% of the company’s stock.
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.
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