El Paso Corporation (NYSEAMERICAN:EP – Get Free Report) major shareholder Evolution Master Fund Energy acquired 33,771 shares of the firm’s stock in a transaction on Friday, November 6th. The stock was purchased at an average price of $2.45 per share, for a total transaction of $82,738.95. Following the completion of the transaction, the insider directly owned 11,777,685 shares in the company, valued at approximately $28,855,328.25. The trade was a 0.29% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 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 Monday, November 9th, Evolution Master Fund Energy bought 9,417 shares of El Paso stock. The shares were purchased at an average price of $2.53 per share, with a total value of $23,825.01.
- On Thursday, November 5th, Evolution Master Fund Energy bought 48,025 shares of El Paso stock. The shares were acquired at an average price of $2.02 per share, for a total transaction of $97,010.50.
El Paso Stock Performance
Shares of NYSEAMERICAN:EP remained flat at $2.44 during trading on Monday. 38,832 shares of the stock traded hands, compared to its average volume of 70,850. The company’s fifty day moving average is $2.70 and its 200-day moving average is $2.82. 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. The company has a market capitalization of $101.50 million, a price-to-earnings ratio of -1.19 and a beta of 0.36.
El Paso (NYSEAMERICAN:EP – Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The basic materials company reported ($0.06) earnings per share for the quarter. El Paso had a negative net margin of 229.58% and a negative return on equity of 119.38%. The company had revenue of $9.51 million during the quarter.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. Sanders Morris Harris LLC bought a new stake in El Paso during the third quarter worth $52,000. NewEdge Advisors LLC acquired a new position in El Paso in the 2nd quarter valued at $137,000. Finally, Susquehanna International Group LLP bought a new position in El Paso during the second 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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