Joseph Salvucci Jr Acquires 30,000 Shares of EON Resources (NYSEAMERICAN:EONR) Stock

EON Resources Inc. (NYSEAMERICAN:EONR) Director Joseph Salvucci, Jr. purchased 30,000 shares of the stock in a transaction on Wednesday, November 26th. The shares were purchased at an average cost of $0.41 per share, for a total transaction of $12,300.00. Following the acquisition, the director directly owned 347,784 shares of the company’s stock, valued at approximately $142,591.44. This represents a 9.44% 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.

EON Resources Trading Up 7.0%

Shares of EONR traded up $0.03 during mid-day trading on Wednesday, reaching $0.43. The stock had a trading volume of 779,756 shares, compared to its average volume of 3,758,221. The business has a fifty day moving average of $0.49 and a 200 day moving average of $0.42. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.35 and a current ratio of 0.35. EON Resources Inc. has a 12 month low of $0.27 and a 12 month high of $1.90.

Analyst Ratings Changes

Separately, D. Boral Capital reiterated a “buy” rating and issued a $2.00 price target on shares of EON Resources in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $2.00.

Hedge Funds Weigh In On EON Resources

An institutional investor recently bought a new position in EON Resources stock. XTX Topco Ltd bought a new stake in shares of EON Resources Inc. (NYSEAMERICAN:EONR) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 64,098 shares of the company’s stock, valued at approximately $31,000. 33.51% of the stock is currently 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.