Ecopetrol SA (EC) Upgraded by TheStreet to C

TheStreet upgraded shares of Ecopetrol SA (NYSE:EC) from a d+ rating to a c rating in a research note issued to investors on Wednesday.

Separately, Zacks Investment Research raised shares of Ecopetrol SA from a strong sell rating to a hold rating in a report on Friday, February 24th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $10.42.

Ecopetrol SA (NYSE:EC) traded up 3.01% on Wednesday, reaching $9.91. 467,086 shares of the company’s stock traded hands. The firm’s 50-day moving average is $9.46 and its 200 day moving average is $9.10. Ecopetrol SA has a 52-week low of $7.65 and a 52-week high of $10.36. The stock has a market capitalization of $20.37 billion, a PE ratio of 38.12 and a beta of 1.06.

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The company also recently announced a special dividend, which was paid on Monday, May 8th. Investors of record on Thursday, April 27th were given a dividend of $0.1606 per share. The ex-dividend date of this dividend was Tuesday, April 25th.

Several large investors have recently made changes to their positions in the company. Koch Industries Inc. purchased a new stake in shares of Ecopetrol SA during the fourth quarter worth about $107,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its stake in shares of Ecopetrol SA by 500.0% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 12,000 shares of the oil and gas company’s stock worth $111,000 after buying an additional 10,000 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Ecopetrol SA by 20.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 13,222 shares of the oil and gas company’s stock worth $119,000 after buying an additional 2,214 shares during the period. KCG Holdings Inc. purchased a new stake in shares of Ecopetrol SA during the first quarter worth about $129,000. Finally, Federated Investors Inc. PA boosted its stake in shares of Ecopetrol SA by 280.0% in the fourth quarter. Federated Investors Inc. PA now owns 15,200 shares of the oil and gas company’s stock worth $138,000 after buying an additional 11,200 shares during the period. Institutional investors and hedge funds own 2.54% of the company’s stock.

Ecopetrol SA Company Profile

Ecopetrol SA is an oil company. The Company operates in Colombia, Peru, Brazil and the United States Gulf Coast. The Company’s segments include Exploration and Production, Transportation and Logistics, and Refining, Petrochemicals and Biofuels. The Company’s Exploration and Production segment includes exploration, development and production activities in Colombia and abroad.

5 Day Chart for NYSE:EC

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