El Paso (NYSEAMERICAN:EP) Major Shareholder Acquires $24,174.00 in Stock

by · The Markets Daily

El Paso Corporation (NYSEAMERICAN:EP – Get Free Report) major shareholder Evolution Master Fund Energy purchased 9,480 shares of the business’s stock in a transaction dated Wednesday, November 11th. The shares were purchased at an average cost of $2.55 per share, with a total value of $24,174.00. Following the completion of the purchase, the insider directly owned 11,806,256 shares in the company, valued at approximately $30,105,952.80. This represents a 0.08% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 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 Tuesday, November 10th, Evolution Master Fund Energy purchased 9,674 shares of El Paso stock. The shares were purchased at an average price of $2.59 per share, with a total value of $25,055.66.
  • On Monday, November 9th, Evolution Master Fund Energy purchased 9,417 shares of El Paso stock. The stock was purchased 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 purchased 33,771 shares of El Paso stock. The stock was purchased 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 stock was purchased at an average price of $2.02 per share, for a total transaction of $97,010.50.

El Paso Stock Down 2.4%

NYSEAMERICAN:EP traded down $0.06 during mid-day trading on Thursday, reaching $2.40. The stock had a trading volume of 22,093 shares, compared to its average volume of 70,327. The stock has a market cap of $99.84 million, a P/E ratio of -1.17 and a beta of 0.36. The business’s 50 day moving average is $2.66 and its 200 day moving average is $2.81. 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 fifty-two week low of $1.96 and a fifty-two week high of $4.00.

El Paso (NYSEAMERICAN:EP – Get Free Report) last posted its earnings results on Friday, August 14th. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter. The business 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 Investors Weigh In On El Paso

Several institutional investors and hedge funds have recently modified their holdings of the business. Sanders Morris Harris LLC acquired a new position in El Paso during the third quarter worth $52,000. NewEdge Advisors LLC bought a new position in El Paso during the second quarter valued at about $137,000. Finally, Susquehanna International Group LLP bought a new position in El Paso during the second quarter valued at about $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. natural gas-producing regions and along key pipeline corridors.

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