El Paso (NYSEAMERICAN:EP) Stock: Insider Evolution Master Fund Energy Purchases 9,674 Shares

El Paso Corporation (NYSEAMERICAN:EP) major shareholder Evolution Master Fund Energy acquired 9,674 shares of the business’s stock in a transaction that occurred on Tuesday, November 10th. The shares were acquired at an average cost of $2.59 per share, for a total transaction of $25,055.66. Following the completion of the acquisition, the insider owned 11,796,776 shares of the company’s stock, valued at $30,553,649.84. This trade represents a 0.08% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% 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 Wednesday, November 11th, Evolution Master Fund Energy acquired 9,480 shares of El Paso stock. The stock was acquired at an average cost of $2.55 per share, with a total value of $24,174.00.
• On Monday, November 9th, Evolution Master Fund Energy acquired 9,417 shares of El Paso stock. The stock was acquired at an average cost 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 shares were bought at an average price of $2.45 per share, with a total value of $82,738.95.
• On Thursday, November 5th, Evolution Master Fund Energy bought 48,025 shares of El Paso stock. The shares were bought at an average cost of $2.02 per share, for a total transaction of $97,010.50.

El Paso Stock Up 2.9%

Shares of NYSEAMERICAN:EP traded up $0.07 on Friday, reaching $2.47. The company had a trading volume of 22,837 shares, compared to its average volume of 57,647. El Paso Corporation has a 52-week low of $1.96 and a 52-week high of $4.00. The firm’s 50 day simple moving average is $2.65 and its 200-day simple moving average is $2.81. The firm has a market capitalization of $102.75 million, a PE ratio of -1.20 and a beta of 0.36. 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) last issued its quarterly earnings data on Friday, November 13th. The basic materials company reported ($0.08) earnings per share 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 $9.57 million for the quarter.

Institutional Trading of El Paso

Several hedge funds have recently modified their holdings of EP. Susquehanna International Group LLP bought a new position in shares of El Paso during the 2nd quarter worth approximately $173,000. NewEdge Advisors LLC acquired a new stake in El Paso in the second quarter valued at approximately $137,000. Empowered Funds LLC acquired a new stake in El Paso in the third quarter valued at approximately $102,000. Finally, Sanders Morris Harris LLC purchased a new position in El Paso in the third quarter worth $52,000.

About El Paso

El Paso Corporation was a U.S. energy company focused primarily on natural gas. Its businesses included owning and operating natural gas pipelines and related gathering and processing facilities, as well as natural gas exploration and production. The company’s pipeline network served markets across the United States. Kinder Morgan completed its acquisition of El Paso Corporation in 2012, after which El Paso ceased to operate as an independent publicly traded company.