El Paso Corporation (NYSEAMERICAN:EP – Get Free Report) major shareholder Evolution Master Fund Energy acquired 9,674 shares of the stock in a transaction that occurred on Tuesday, November 10th. The stock was acquired at an average cost of $2.59 per share, for a total transaction of $25,055.66. Following the completion of the transaction, the insider directly owned 11,796,776 shares in the company, valued at $30,553,649.84. This represents a 0.08% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Evolution Master Fund Energy also recently made the following trade(s):
- On Wednesday, November 11th, Evolution Master Fund Energy bought 9,480 shares of El Paso stock. The shares were acquired at an average price of $2.55 per share, for a total transaction of $24,174.00.
- On Monday, November 9th, Evolution Master Fund Energy bought 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 stock was acquired at an average cost of $2.45 per share, with a total value of $82,738.95.
- On Thursday, November 5th, Evolution Master Fund Energy purchased 48,025 shares of El Paso stock. The stock was acquired at an average price of $2.02 per share, with a total value of $97,010.50.
El Paso Trading Down 2.4%
EP stock opened at $2.40 on Friday. El Paso Corporation has a 1-year low of $1.96 and a 1-year high of $4.00. The business has a fifty day moving average price of $2.66 and a 200-day moving average price of $2.81. 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 (NYSEAMERICAN:EP – Get Free Report) last released its quarterly earnings data on Friday, August 14th. The basic materials company reported ($0.06) EPS for the quarter. El Paso had a negative net margin of 229.58% and a negative return on equity of 119.38%. The business had revenue of $9.51 million for the quarter.
Hedge Funds Weigh In On El Paso
Several hedge funds and other institutional investors have recently bought and sold shares of EP. Susquehanna International Group LLP purchased a new stake in shares of El Paso during the 2nd quarter valued at about $173,000. NewEdge Advisors LLC bought a new stake in shares of El Paso in the second quarter worth approximately $137,000. Finally, Sanders Morris Harris LLC purchased a new position in shares of El Paso during the third quarter valued at approximately $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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