Blueshift Asset Management LLC purchased a new position in Ecopetrol SA (NYSE:EC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 14,190 shares of the oil and gas company’s stock, valued at approximately $225,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Enlightenment Research LLC acquired a new position in Ecopetrol during the 4th quarter valued at about $27,000. Financial Gravity Companies Inc. acquired a new position in Ecopetrol during the 4th quarter valued at about $36,000. We Are One Seven LLC acquired a new position in Ecopetrol during the 4th quarter valued at about $31,000. Quantamental Technologies LLC acquired a new position in Ecopetrol during the 4th quarter valued at about $64,000. Finally, Tower Research Capital LLC TRC increased its position in Ecopetrol by 201.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,696 shares of the oil and gas company’s stock valued at $153,000 after buying an additional 3,807 shares in the last quarter. 3.05% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently issued reports on EC shares. UBS Group raised Ecopetrol from a “sell” rating to a “neutral” rating in a research report on Wednesday, December 12th. ValuEngine raised Ecopetrol from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Citigroup set a $21.00 target price on Ecopetrol and gave the company a “hold” rating in a research report on Monday, December 17th. Santander raised Ecopetrol from an “underperform” rating to a “hold” rating in a research report on Wednesday, March 6th. Finally, Zacks Investment Research lowered Ecopetrol from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 3rd. Seven investment analysts have rated the stock with a hold rating, Ecopetrol presently has an average rating of “Hold” and a consensus target price of $25.00.
Shares of NYSE:EC opened at $21.09 on Friday. Ecopetrol SA has a 1 year low of $15.25 and a 1 year high of $27.96. The stock has a market cap of $43.58 billion, a P/E ratio of 19.35, a price-to-earnings-growth ratio of 0.66 and a beta of 1.56. The company has a current ratio of 1.33, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58.
Ecopetrol SA operates as an integrated oil and gas company. It operates through three segments: Exploration and Production; Refining, Petrochemical, and Biofuels; and Transport and Logistics. The company produces crude oil and gas; and engages in the extraction, collection, treatment, storage and pumping or compression of hydrocarbons.
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