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 cost of $2.02 per share, with a total value of $97,010.50. Following the purchase, the insider owned 11,743,914 shares in the company, valued at $23,722,706.28. The trade was a 0.41% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 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, with a total value 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 price of $2.45 per share, for a total transaction of $82,738.95.
El Paso Stock Up 1.7%
EP opened at $2.46 on Thursday. 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 stock’s 50 day simple moving average is $2.67 and its 200 day simple moving average is $2.82. El Paso Corporation has a 1 year low of $1.96 and a 1 year high of $4.00.
El Paso (NYSEAMERICAN:EP – Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The basic materials company reported ($0.06) earnings per share for the quarter. The company 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
Several hedge funds have recently made changes to their positions in EP. Sanders Morris Harris LLC purchased a new stake in El Paso during the 3rd quarter valued at $52,000. NewEdge Advisors LLC purchased a new position in shares of El Paso in the second quarter valued at about $137,000. Finally, Susquehanna International Group LLP purchased a new position in shares of El Paso in the second quarter valued at about $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. natural gas-producing regions and along key pipeline corridors.
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