El Paso Corporation (NYSEAMERICAN:EP – Get Free Report) major shareholder Evolution Master Fund Energy bought 48,025 shares of the company’s stock in a transaction dated Thursday, November 5th. The stock was bought at an average cost of $2.02 per share, for a total transaction of $97,010.50. Following the acquisition, the insider owned 11,743,914 shares of the company’s stock, valued at approximately $23,722,706.28. This trade represents a 0.41% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Evolution Master Fund Energy also recently made the following trade(s):
- On Monday, November 9th, Evolution Master Fund Energy purchased 9,417 shares of El Paso stock. The shares were bought at an average price of $2.53 per share, with a total value of $23,825.01.
- On Friday, November 6th, Evolution Master Fund Energy bought 33,771 shares of El Paso stock. The stock was purchased at an average price of $2.45 per share, with a total value of $82,738.95.
El Paso Stock Performance
Shares of NYSEAMERICAN:EP opened at $2.44 on Tuesday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.37 and a current ratio of 0.42. The company has a 50-day moving average price of $2.70 and a 200 day moving average price of $2.82. El Paso Corporation has a 52 week low of $1.96 and a 52 week high of $4.00.
El Paso (NYSEAMERICAN:EP – Get Free Report) last issued its 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 business had revenue of $9.51 million for the quarter.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. Sanders Morris Harris LLC purchased a new position in El Paso during the 3rd quarter valued at about $52,000. NewEdge Advisors LLC acquired a new stake in El Paso during the 2nd quarter valued at $137,000. Finally, Susquehanna International Group LLP purchased a new position in El Paso during the second quarter worth $173,000.
El Paso Company Profile
El Paso Corporation was an energy company focused primarily on natural gas transportation, storage and related infrastructure. Through its pipeline operations, the company provided services that connected natural gas producers with utilities, industrial customers and other markets across the United States.
The company also operated exploration and production activities, with interests in the development of natural gas and oil properties. Its operations were concentrated largely in North America, particularly in major U.S.
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