El Paso Corporation (NYSEAMERICAN:EP – Get Free Report) major shareholder Evolution Master Fund Energy purchased 33,771 shares of the business’s stock in a transaction dated Friday, November 6th. The shares were acquired at an average price of $2.45 per share, for a total transaction of $82,738.95. Following the acquisition, the insider owned 11,777,685 shares of the company’s stock, valued at $28,855,328.25. This trade represents a 0.29% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own at least 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 purchased at an average price of $2.53 per share, with a total value of $23,825.01.
- On Thursday, November 5th, Evolution Master Fund Energy bought 48,025 shares of El Paso stock. The shares were bought at an average price of $2.02 per share, for a total transaction of $97,010.50.
El Paso Price Performance
EP stock remained flat at $2.44 during midday trading on Monday. 38,832 shares of the company’s stock were exchanged, compared to its average volume of 70,850. 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 firm has a 50 day simple moving average of $2.70 and a two-hundred day simple moving average of $2.82. The firm has a market capitalization of $101.50 million, a P/E ratio of -1.19 and a beta of 0.36.
El Paso (NYSEAMERICAN:EP – Get Free Report) last announced its earnings results on Friday, August 14th. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $9.51 million for 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
Large investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP purchased a new stake in El Paso in the second quarter valued at approximately $173,000. NewEdge Advisors LLC bought a new stake in El Paso during the 2nd quarter valued at $137,000. Finally, Sanders Morris Harris LLC purchased a new stake in shares of 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.
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