El Paso Corporation (NYSEAMERICAN:EP – Get Free Report) major shareholder Evolution Master Fund Energy bought 48,025 shares of the stock in a transaction dated Thursday, November 5th. The stock was bought at an average price of $2.02 per share, with a total value of $97,010.50. Following the purchase, the insider owned 11,743,914 shares of the company’s stock, valued at approximately $23,722,706.28. This represents a 0.41% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock 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 bought at an average price 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 shares were bought at an average cost of $2.45 per share, for a total transaction of $82,738.95.
El Paso Stock Performance
NYSEAMERICAN EP opened at $2.42 on Wednesday. El Paso Corporation has a fifty-two week low of $1.96 and a fifty-two week high of $4.00. The business has a 50 day moving average price of $2.68 and a two-hundred day moving average price of $2.82. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.37 and a current ratio of 0.42.
El Paso (NYSEAMERICAN:EP – Get Free Report) last issued its quarterly earnings data 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 Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Susquehanna International Group LLP acquired a new stake in El Paso during the 2nd quarter valued at $173,000. NewEdge Advisors LLC acquired a new position in El Paso in the 2nd quarter worth $137,000. Finally, Sanders Morris Harris LLC acquired a new position in El Paso in the 3rd quarter worth $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. natural gas-producing regions and along key pipeline corridors.
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