El Paso (NYSEAMERICAN:EP) Major Shareholder Evolution Master Fund Energy Acquires 9,480 Shares of Company Stock

El Paso Corporation (NYSEAMERICAN:EP) major shareholder Evolution Master Fund Energy bought 9,480 shares of El Paso stock in a transaction that occurred on Wednesday, November 11th. The stock was bought at an average price of $2.55 per share, with a total value of $24,174.00. Following the completion of the acquisition, the insider owned 11,806,256 shares in the company, valued at approximately $30,105,952.80. The trade was a 0.08% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 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 Tuesday, November 10th, Evolution Master Fund Energy bought 9,674 shares of El Paso stock. The shares were bought at an average cost of $2.59 per share, with a total value of $25,055.66.
• On Monday, November 9th, Evolution Master Fund Energy purchased 9,417 shares of El Paso stock. The stock was purchased at an average cost of $2.53 per share, for a total transaction of $23,825.01.
• On Friday, November 6th, Evolution Master Fund Energy purchased 33,771 shares of El Paso stock. The stock was purchased at an average cost of $2.45 per share, for a total transaction of $82,738.95.
• On Thursday, November 5th, Evolution Master Fund Energy acquired 48,025 shares of El Paso stock. The stock was purchased at an average price of $2.02 per share, with a total value of $97,010.50.

El Paso Stock Performance

Shares of NYSEAMERICAN EP traded down $0.06 during trading hours on Thursday, hitting $2.40. 22,093 shares of the stock were exchanged, compared to its average volume of 70,327. El Paso Corporation has a one year low of $1.96 and a one year high of $4.00. The company’s 50 day moving average is $2.66 and its 200 day moving average is $2.81. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.42 and a quick ratio of 0.37. The firm has a market capitalization of $99.84 million, a P/E ratio of -1.17 and a beta of 0.36.

El Paso (NYSEAMERICAN:EP) last posted its earnings results on Friday, August 14th. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter. The firm 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 Investors Weigh In On El Paso

Hedge funds have recently bought and sold shares of the company. Sanders Morris Harris LLC acquired a new stake in shares of El Paso in the third quarter valued at about $52,000. NewEdge Advisors LLC bought a new position in shares of El Paso in the second quarter worth about $137,000. Finally, Susquehanna International Group LLP bought a new position in shares of El Paso in 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. natural gas-producing regions and along key pipeline corridors.