El Paso Corporation (NYSEAMERICAN:EP - Get Free Report) major shareholder Evolution Master Fund Energy purchased 9,417 shares of the firm's stock in a transaction on Monday, November 9th. The stock was bought at an average price of $2.53 per share, for a total transaction of $23,825.01. Following the acquisition, the insider owned 11,787,102 shares in the company, valued at $29,821,368.06. The trade was a 0.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 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 Friday, November 6th, Evolution Master Fund Energy acquired 33,771 shares of El Paso stock. The shares were bought at an average cost of $2.45 per share, with a total value of $82,738.95.
- On Thursday, November 5th, Evolution Master Fund Energy acquired 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 EP remained flat at $2.44 during trading hours on Monday. The company had a trading volume of 38,832 shares, compared to its average volume of 70,850. 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 company has a market capitalization of $101.50 million, a price-to-earnings ratio of -1.19 and a beta of 0.36. The stock has a 50-day simple moving average of $2.70 and a two-hundred day simple moving average of $2.82. El Paso Corporation has a twelve month low of $1.96 and a twelve month high of $4.00.
El Paso (NYSEAMERICAN:EP - Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter. El Paso had a negative net margin of 229.58% and a negative return on equity of 119.38%. The firm had revenue of $9.51 million for the quarter.
Hedge Funds Weigh In On El Paso
Several hedge funds and other institutional investors have recently modified their holdings of the company. Sanders Morris Harris LLC purchased a new stake in shares of El Paso during the 3rd quarter worth about $52,000. NewEdge Advisors LLC purchased 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 during the second quarter valued at approximately $173,000.
About El Paso
(
Get Free Report)
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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