El Paso Corporation (NYSEAMERICAN:EP – Get Free Report) major shareholder Evolution Master Fund Energy purchased 9,417 shares of the stock in a transaction that occurred on Monday, November 9th. The stock was bought at an average price of $2.53 per share, with a total value of $23,825.01. Following the completion of the acquisition, the insider owned 11,787,102 shares in the company, valued at $29,821,368.06. This represents a 0.08% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Evolution Master Fund Energy also recently made the following trade(s):
- On Friday, November 6th, Evolution Master Fund Energy purchased 33,771 shares of El Paso stock. The shares were bought at an average cost 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 purchased at an average price of $2.02 per share, with a total value of $97,010.50.
El Paso Trading Down 0.8%
Shares of EP opened at $2.42 on Wednesday. The stock has a 50 day moving average of $2.68 and a 200-day moving average of $2.82. 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 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 announced its quarterly earnings data on Friday, August 14th. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $9.51 million for the quarter. El Paso had a negative return on equity of 119.38% and a negative net margin of 229.58%.
Institutional Trading of El Paso
Hedge funds have recently made changes to their positions in the stock. Sanders Morris Harris LLC acquired a new stake in El Paso in the third quarter worth $52,000. NewEdge Advisors LLC acquired a new stake in shares of El Paso in the 2nd quarter worth about $137,000. Finally, Susquehanna International Group LLP bought a new stake in El Paso in the 2nd quarter valued at about $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. natural gas-producing regions and along key pipeline corridors.
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