El Paso Corporation (NYSEAMERICAN:EP – Get Free Report) major shareholder Evolution Master Fund Energy purchased 9,417 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 11,787,102 shares in the company, valued at $29,821,368.06. This trade represents a 0.08% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 Friday, November 6th, Evolution Master Fund Energy purchased 33,771 shares of El Paso stock. The stock was bought 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 bought at an average cost of $2.02 per share, for a total transaction of $97,010.50.
El Paso Stock Performance
NYSEAMERICAN:EP remained flat at $2.44 during mid-day trading on Monday. The company’s stock had a trading volume of 38,832 shares, compared to its average volume of 70,850. The business has a 50-day simple moving average of $2.70 and a two-hundred day simple moving average of $2.82. The company has a market capitalization of $101.50 million, a price-to-earnings ratio of -1.19 and a beta of 0.36. El Paso Corporation has a one year low of $1.96 and a one year high of $4.00. The company has a quick ratio of 0.37, a current ratio of 0.42 and a debt-to-equity ratio of 1.85.
El Paso (NYSEAMERICAN:EP – Get Free Report) last issued 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 return on equity of 119.38% and a negative net margin of 229.58%. The company had revenue of $9.51 million during the quarter.
Hedge Funds Weigh In On El Paso
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sanders Morris Harris LLC acquired a new stake in El Paso in the third quarter valued at approximately $52,000. NewEdge Advisors LLC acquired a new position in shares of El Paso during the second quarter worth $137,000. Finally, Susquehanna International Group LLP acquired a new position in shares of El Paso during the second quarter worth $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.
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