Bailard Inc. grew its stake in shares of Ecopetrol SA (NYSE:EC) by 4.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 92,650 shares of the oil and gas company’s stock after buying an additional 4,100 shares during the period. Bailard Inc.’s holdings in Ecopetrol were worth $1,578,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. acquired a new position in Ecopetrol in the 2nd quarter worth $48,000. Signaturefd LLC raised its stake in shares of Ecopetrol by 112.5% in the 3rd quarter. Signaturefd LLC now owns 5,291 shares of the oil and gas company’s stock valued at $90,000 after purchasing an additional 2,801 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Ecopetrol by 280.0% in the 2nd quarter. Royal Bank of Canada now owns 6,786 shares of the oil and gas company’s stock valued at $125,000 after purchasing an additional 5,000 shares in the last quarter. US Bancorp DE raised its stake in shares of Ecopetrol by 53.5% in the 2nd quarter. US Bancorp DE now owns 7,452 shares of the oil and gas company’s stock valued at $136,000 after purchasing an additional 2,598 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Ecopetrol by 124.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,603 shares of the oil and gas company’s stock valued at $175,000 after purchasing an additional 5,328 shares in the last quarter. 2.63% of the stock is owned by institutional investors.
A number of equities research analysts recently weighed in on the stock. HSBC raised shares of Ecopetrol from a “hold” rating to a “buy” rating and lowered their price objective for the company from $21.00 to $20.50 in a research report on Thursday, September 12th. Citigroup set a $19.80 price objective on shares of Ecopetrol and gave the company a “buy” rating in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $22.33.
Shares of NYSE:EC opened at $16.95 on Monday. The company has a 50 day moving average of $17.00 and a 200-day moving average of $17.95. The firm has a market cap of $35.24 billion, a P/E ratio of 9.17, a P/E/G ratio of 0.50 and a beta of 1.56. Ecopetrol SA has a twelve month low of $15.21 and a twelve month high of $25.96. The company has a current ratio of 1.26, a quick ratio of 0.96 and a debt-to-equity ratio of 0.59.
Ecopetrol SA operates as an integrated oil and gas company. The company operates through three segments: Exploration and Production; Transport and Logistics; and Refining, Petrochemical, and Biofuels. It produces crude oil and gas; and engages in the extraction, collection, treatment, storage, commercialization, and pumping.
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