Key Points
- Director Joseph Sr Salvucci, Sr. bought 118,237 shares on November 26 at an average price of $0.43 (total ~$50,842), raising his direct stake to 2,047,358 shares — a 6.13% increase disclosed in an SEC filing.
- Two Sigma Investments LP increased its position by 574.4%, adding 165,709 shares to own 194,560 shares (~0.52% of the company, ~$95,000), and institutional investors now hold 33.51% of EON Resources.
- EON Resources is an independent oil and natural gas company operating in the Permian Basin with 343 producing wells, 207 injection wells, and roughly 13,700 contiguous acres.
EON Resources Inc. (NYSEAMERICAN:EONR - Get Free Report) Director Joseph Sr Salvucci, Sr. purchased 118,237 shares of the firm's stock in a transaction that occurred on Wednesday, November 26th. The shares were bought at an average cost of $0.43 per share, for a total transaction of $50,841.91. Following the completion of the acquisition, the director directly owned 2,047,358 shares in the company, valued at $880,363.94. The trade was a 6.13% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
EON Resources Price Performance
EONR stock opened at $0.42 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.07. The company has a 50 day simple moving average of $0.49 and a 200 day simple moving average of $0.42. EON Resources Inc. has a 1 year low of $0.27 and a 1 year high of $1.90.
Institutional Inflows and Outflows
An institutional investor recently raised its position in EON Resources stock. Two Sigma Investments LP lifted its position in shares of EON Resources Inc. (NYSEAMERICAN:EONR - Free Report) by 574.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 194,560 shares of the company's stock after acquiring 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 currently owned by institutional investors.
EON Resources Company Profile
(
Get Free Report)
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.
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