El Paso Corporation (NYSEAMERICAN:EP – Get Free Report) major shareholder Evolution Master Fund Energy purchased 48,025 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The shares were purchased at an average cost of $2.02 per share, with a total value of $97,010.50. Following the completion of the acquisition, the insider directly owned 11,743,914 shares in the company, valued at $23,722,706.28. The trade was a 0.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 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 Monday, November 9th, Evolution Master Fund Energy acquired 9,417 shares of El Paso stock. The shares were purchased at an average cost of $2.53 per share, for a total transaction of $23,825.01.
- On Friday, November 6th, Evolution Master Fund Energy acquired 33,771 shares of El Paso stock. The shares were purchased at an average cost of $2.45 per share, for a total transaction of $82,738.95.
El Paso Stock Performance
Shares of NYSEAMERICAN EP remained flat at $2.44 during mid-day trading on Monday. 38,832 shares of the stock traded hands, compared to its average volume of 70,850. The firm has a market cap of $101.50 million, a P/E ratio of -1.19 and a beta of 0.36. The firm’s fifty day moving average price is $2.71 and its two-hundred day moving average price is $2.83. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.37 and a current ratio of 0.42. El Paso Corporation has a 12 month low of $1.96 and a 12 month high of $4.00.
El Paso (NYSEAMERICAN:EP – Get Free Report) last announced its earnings results on Friday, August 14th. The basic materials company reported ($0.06) EPS for the quarter. The business had revenue of $9.51 million during 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
Several large investors have recently made changes to their positions in EP. Sanders Morris Harris LLC bought a new position in shares of El Paso in the third quarter valued at about $52,000. NewEdge Advisors LLC acquired a new position in El Paso during the 2nd quarter worth about $137,000. Finally, Susquehanna International Group LLP bought a new stake in El Paso during the 2nd quarter worth 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.
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