El Paso (NYSEAMERICAN:EP) Major Shareholder Buys $25,055.66 in Stock

El Paso Corporation (NYSEAMERICAN:EP) major shareholder Evolution Master Fund Energy acquired 9,674 shares of El Paso stock in a transaction that occurred on Tuesday, November 10th. The shares were purchased at an average price of $2.59 per share, with a total value of $25,055.66. Following the transaction, the insider owned 11,796,776 shares of the company’s stock, valued at $30,553,649.84. The trade was a 0.08% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major 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 Wednesday, November 11th, Evolution Master Fund Energy bought 9,480 shares of El Paso stock. The stock was purchased at an average cost of $2.55 per share, for a total transaction of $24,174.00.
• On Monday, November 9th, Evolution Master Fund Energy bought 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 bought 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 purchased 48,025 shares of El Paso stock. The shares were 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 up $0.07 during midday trading on Friday, hitting $2.47. 22,837 shares of the company’s stock traded hands, compared to its average volume of 57,647. El Paso Corporation has a 1 year low of $1.96 and a 1 year high of $4.00. The stock has a market capitalization of $102.75 million, a price-to-earnings ratio of -1.20 and a beta of 0.36. 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 fifty day moving average of $2.65 and a 200 day moving average of $2.81.

El Paso (NYSEAMERICAN:EP) last issued its quarterly earnings data on Friday, November 13th. The basic materials company reported ($0.08) earnings per share for the quarter. The business had revenue of $9.57 million during the quarter. El Paso had a negative return on equity of 119.38% and a negative net margin of 229.58%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Sanders Morris Harris LLC bought a new position in El Paso in the 3rd quarter worth $52,000. Empowered Funds LLC bought a new stake in El Paso during the 3rd quarter worth approximately $102,000. NewEdge Advisors LLC purchased a new position in El Paso during the second quarter valued at approximately $137,000. Finally, Susquehanna International Group LLP bought a new position in shares of El Paso in the second quarter worth approximately $173,000.

El Paso Company Profile

El Paso Corporation was a U.S. energy company focused primarily on natural gas. Its businesses included owning and operating natural gas pipelines and related gathering and processing facilities, as well as natural gas exploration and production. The company’s pipeline network served markets across the United States. Kinder Morgan completed its acquisition of El Paso Corporation in 2012, after which El Paso ceased to operate as an independent publicly traded company.