El Paso (NYSEAMERICAN:EP) Major Shareholder Evolution Master Fund Energy Buys 33,771 Shares of Stock

El Paso Corporation (NYSEAMERICAN:EP) major shareholder Evolution Master Fund Energy bought 33,771 shares of the stock in a transaction on Friday, November 6th. The stock was purchased at an average price of $2.45 per share, with a total value of $82,738.95. Following the completion of the purchase, the insider owned 11,777,685 shares of the company’s stock, valued at $28,855,328.25. This represents a 0.29% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own 10% or more 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 Monday, November 9th, Evolution Master Fund Energy bought 9,417 shares of El Paso stock. The shares were acquired at an average cost of $2.53 per share, for a total transaction of $23,825.01.
• 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 Stock Performance

Shares of EP stock opened at $2.44 on Tuesday. El Paso Corporation has a fifty-two week low of $1.96 and a fifty-two week high of $4.00. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.37 and a current ratio of 0.42. The stock’s 50-day simple moving average is $2.70 and its 200-day simple moving average is $2.82.

El Paso (NYSEAMERICAN:EP) last announced its quarterly earnings data on Friday, August 14th. The basic materials company reported ($0.06) EPS for the quarter. The company had revenue of $9.51 million during the quarter. El Paso had a negative net margin of 229.58% and a negative return on equity of 119.38%.

Institutional Trading of El Paso

Institutional investors and hedge funds have recently bought and sold shares of the business. Susquehanna International Group LLP purchased a new position in shares of El Paso during the second quarter worth $173,000. NewEdge Advisors LLC purchased a new stake in shares of El Paso in the second quarter worth about $137,000. Finally, Sanders Morris Harris LLC acquired a new stake in El Paso during the third quarter worth about $52,000.

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.