El Paso Corporation (NYSEAMERICAN:EP – Get Free Report) major shareholder Evolution Master Fund Energy acquired 9,480 shares of the firm’s stock in a transaction that occurred on Wednesday, November 11th. The stock was acquired at an average price of $2.55 per share, with a total value of $24,174.00. Following the completion of the transaction, the insider directly owned 11,806,256 shares in the company, valued at $30,105,952.80. This trade represents a 0.08% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Evolution Master Fund Energy also recently made the following trade(s):
- On Tuesday, November 10th, Evolution Master Fund Energy bought 9,674 shares of El Paso stock. The shares were acquired at an average cost of $2.59 per share, with a total value of $25,055.66.
- On Monday, November 9th, Evolution Master Fund Energy bought 9,417 shares of El Paso stock. The shares were bought at an average price of $2.53 per share, for a total transaction of $23,825.01.
- On Friday, November 6th, Evolution Master Fund Energy bought 33,771 shares of El Paso stock. The shares were bought at an average price of $2.45 per share, for a total transaction of $82,738.95.
- On Thursday, November 5th, Evolution Master Fund Energy purchased 48,025 shares of El Paso stock. The stock was bought at an average cost of $2.02 per share, for a total transaction of $97,010.50.
El Paso Trading Down 2.4%
Shares of EP opened at $2.40 on Friday. El Paso Corporation has a twelve month low of $1.96 and a twelve month high of $4.00. The company has a quick ratio of 0.37, a current ratio of 0.42 and a debt-to-equity ratio of 1.85. The firm’s 50 day moving average price is $2.66 and its two-hundred day moving average price is $2.81.
El Paso (NYSEAMERICAN:EP – Get Free Report) last issued its quarterly earnings data 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 for the quarter.
Institutional Investors Weigh In On El Paso
Institutional investors have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP acquired a new position in El Paso in the 2nd quarter worth $173,000. NewEdge Advisors LLC acquired a new stake in shares of El Paso in the 2nd quarter valued at about $137,000. Finally, Sanders Morris Harris LLC acquired a new stake in shares of El Paso in the 3rd quarter valued at about $52,000.
About El Paso
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. natural gas-producing regions and along key pipeline corridors.
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