El Paso Corporation (NYSEAMERICAN:EP – Get Free Report) major shareholder Evolution Master Fund Energy purchased 33,771 shares of El Paso stock in a transaction dated Friday, November 6th. The stock was bought 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 $28,855,328.25. The trade was a 0.29% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Major 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 Monday, November 9th, Evolution Master Fund Energy acquired 9,417 shares of El Paso stock. The shares were bought at an average cost of $2.53 per share, with a total value of $23,825.01.
- On Thursday, November 5th, Evolution Master Fund Energy acquired 48,025 shares of El Paso stock. The shares were bought at an average cost of $2.02 per share, with a total value of $97,010.50.
El Paso Trading Down 0.8%
NYSEAMERICAN EP opened at $2.42 on Wednesday. The stock has a 50-day simple moving average of $2.68 and a 200 day simple moving average of $2.82. 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 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 released its 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 Trading of El Paso
A number of institutional investors and hedge funds have recently modified their holdings of EP. Sanders Morris Harris LLC acquired a new stake in shares of El Paso in the 3rd quarter valued at approximately $52,000. NewEdge Advisors LLC bought a new position in El Paso during the 2nd quarter worth approximately $137,000. Finally, Susquehanna International Group LLP bought a new position in El Paso during the 2nd quarter worth approximately $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.
Featured Articles
- Five stocks we like better than El Paso
- Why Kinder Morgan’s Chairman Just Bought $15 Million in Stock
- Rocket Lab’s Record Backlog Could Fuel a Rebound, But Neutron Raises the Stakes
- Don’t Let Their Low Yields Fool You: 3 Dividend Stocks Worth Watching
- A $4 Billion Jolt: NRG Energy Powers Data Center Ambitions
Receive News & Ratings for El Paso Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for El Paso and related companies with MarketBeat.com's FREE daily email newsletter.
