El Paso Corporation (NYSEAMERICAN:EP – Get Free Report) major shareholder Evolution Master Fund Energy purchased 9,417 shares of the stock in a transaction on Monday, November 9th. The shares were acquired at an average cost of $2.53 per share, with a total value of $23,825.01. Following the transaction, the insider directly owned 11,787,102 shares in the company, valued at $29,821,368.06. The trade was a 0.08% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own at least 10% 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 acquired 33,771 shares of El Paso stock. The stock was acquired 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 acquired 48,025 shares of El Paso stock. The stock was acquired at an average price of $2.02 per share, for a total transaction of $97,010.50.
El Paso Price Performance
EP opened at $2.46 on Thursday. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.42 and a quick ratio of 0.37. El Paso Corporation has a 52-week low of $1.96 and a 52-week high of $4.00. The stock’s 50 day moving average price is $2.67 and its 200-day moving average price is $2.82.
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 for the quarter. El Paso had a negative net margin of 229.58% and a negative return on equity of 119.38%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Sanders Morris Harris LLC bought a new stake in shares of El Paso during the 3rd quarter valued at about $52,000. NewEdge Advisors LLC purchased a new position in shares of El Paso during the second quarter valued at about $137,000. Finally, Susquehanna International Group LLP bought a new position in El Paso in the second quarter worth about $173,000.
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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