Key Points
- Major shareholder Evolution Master Fund Energy bought 9,480 El Paso shares at an average $2.55 each, spending about $24,174. It then directly owned roughly 11.81 million shares; the fund had also made purchases on several preceding trading days.
- El Paso shares were reported down 2.4% and opened at $2.40 on Friday, below their 50-day and 200-day moving averages.
- In its latest reported quarter, El Paso posted a loss of $0.06 per share on $9.51 million in revenue, alongside a negative 229.58% net margin.
El Paso Corporation (NYSEAMERICAN:EP - Get Free Report) major shareholder Evolution Master Fund Energy bought 9,480 shares of the business's stock in a transaction on Wednesday, November 11th. The stock was purchased at an average price of $2.55 per share, for a total transaction of $24,174.00. Following 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 position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more 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 cost 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 shares were 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 shares were acquired 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 acquired 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 opened at $2.40 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.37 and a debt-to-equity ratio of 1.85. El Paso Corporation has a 12-month low of $1.96 and a 12-month high of $4.00. The firm's 50 day moving average is $2.66 and its 200-day moving average is $2.81.
El Paso (NYSEAMERICAN:EP - Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The basic materials company reported ($0.06) EPS for the quarter. El Paso had a negative return on equity of 119.38% and a negative net margin of 229.58%. The business had revenue of $9.51 million during the quarter.
Institutional Investors Weigh In On El Paso
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sanders Morris Harris LLC acquired a new stake in El Paso in the 3rd quarter valued at $52,000. NewEdge Advisors LLC acquired a new position in shares of El Paso during the 2nd quarter worth about $137,000. Finally, Susquehanna International Group LLP acquired a new position in shares of El Paso during the 2nd quarter worth about $173,000.
El Paso Company Profile
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
