El Paso Corporation (NYSEAMERICAN:EP – Get Free Report) Director Phil Mulacek bought 4,023 shares of the business’s stock in a transaction dated Wednesday, October 7th. The shares were bought at an average cost of $2.72 per share, for a total transaction of $10,942.56. Following the purchase, the director directly owned 952,573 shares in the company, valued at approximately $2,590,998.56. This represents a 0.42% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
El Paso Stock Performance
Shares of NYSEAMERICAN EP opened at $3.27 on Friday. El Paso Corporation has a 1 year low of $2.08 and a 1 year high of $4.08. The company’s 50-day moving average is $2.78 and its 200 day moving average is $2.75. The company has a current ratio of 0.42, a quick ratio of 0.37 and a debt-to-equity ratio of 1.85.
El Paso (NYSEAMERICAN:EP – Get Free Report) last released its quarterly earnings results on Friday, August 14th. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter. El Paso had a negative return on equity of 119.38% and a negative net margin of 229.58%. The company had revenue of $9.51 million during the quarter.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Susquehanna International Group LLP bought a new position in shares of El Paso in the 2nd quarter worth approximately $173,000. NewEdge Advisors LLC purchased a new position in shares of El Paso in the 2nd quarter valued at approximately $137,000. Finally, Sanders Morris Harris LLC purchased a new position in shares of El Paso in the 3rd quarter valued at approximately $52,000.
About El Paso
El Paso Corporation was an energy company focused primarily on the transportation, storage and processing of natural gas. Through its pipeline operations, the company provided infrastructure connecting natural gas-producing regions with utilities, power generators, industrial customers and other energy markets.
El Paso also participated in natural gas and oil exploration and production, as well as related midstream activities. Its operations were concentrated largely in the United States, with pipeline and energy infrastructure serving major regions across the country.
Doug Foshee served as El Paso Corporation’s president and chief executive officer during the company’s later years.
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