El Paso (NYSEAMERICAN:EP) Major Shareholder Evolution Master Fund Energy Acquires 9,674 Shares of Company Stock

El Paso Corporation (NYSEAMERICAN:EP) major shareholder Evolution Master Fund Energy acquired 9,674 shares of the business’s stock in a transaction dated Tuesday, November 10th. The stock was acquired at an average price of $2.59 per share, for a total transaction of $25,055.66. Following the purchase, the insider directly owned 11,796,776 shares of the company’s stock, valued at approximately $30,553,649.84. This trade represents a 0.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock 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 shares were acquired at an average cost of $2.55 per share, with a total value of $24,174.00.
• On Monday, November 9th, Evolution Master Fund Energy bought 9,417 shares of El Paso stock. The shares were acquired at an average cost of $2.53 per share, with a total value of $23,825.01.
• On Friday, November 6th, Evolution Master Fund Energy bought 33,771 shares of El Paso stock. The shares were acquired 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 purchased 48,025 shares of El Paso stock. The stock was acquired at an average cost of $2.02 per share, for a total transaction of $97,010.50.

El Paso Stock Performance

NYSEAMERICAN:EP traded down $0.06 during mid-day trading on Thursday, hitting $2.40. The company’s stock had a trading volume of 22,093 shares, compared to its average volume of 70,327. The business’s fifty day moving average is $2.66 and its two-hundred day moving average is $2.81. The stock has a market cap of $99.84 million, a price-to-earnings ratio of -1.17 and a beta of 0.36. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.42 and a quick ratio of 0.37. El Paso Corporation has a 1 year low of $1.96 and a 1 year high of $4.00.

El Paso (NYSEAMERICAN:EP) last released 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 for the quarter. El Paso had a negative net margin of 229.58% and a negative return on equity of 119.38%.

Institutional Trading of El Paso

Several hedge funds and other institutional investors have recently bought and sold shares of EP. Sanders Morris Harris LLC purchased a new position in El Paso during the third quarter valued at approximately $52,000. NewEdge Advisors LLC acquired a new position in El Paso in the second quarter valued at approximately $137,000. Finally, Susquehanna International Group LLP acquired a new position in El Paso in the second quarter valued at approximately $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.