FDx Advisors Inc. Purchases Shares of 10,950 Ecopetrol SA (EC)

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FDx Advisors Inc. purchased a new position in shares of Ecopetrol SA (NYSE:EC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,950 shares of the oil and gas company’s stock, valued at approximately $295,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Greenleaf Trust increased its stake in Ecopetrol by 23.1% during the 3rd quarter. Greenleaf Trust now owns 14,502 shares of the oil and gas company’s stock worth $391,000 after buying an additional 2,719 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Ecopetrol by 3.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 103,932 shares of the oil and gas company’s stock worth $2,799,000 after purchasing an additional 3,844 shares during the last quarter. Northern Trust Corp increased its position in shares of Ecopetrol by 2.0% in the 2nd quarter. Northern Trust Corp now owns 263,076 shares of the oil and gas company’s stock worth $5,406,000 after purchasing an additional 5,145 shares during the last quarter. Segall Bryant & Hamill LLC increased its position in shares of Ecopetrol by 54.0% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 15,400 shares of the oil and gas company’s stock worth $316,000 after purchasing an additional 5,400 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of Ecopetrol by 32.7% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 24,803 shares of the oil and gas company’s stock worth $510,000 after purchasing an additional 6,117 shares during the last quarter. 2.99% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on EC shares. Zacks Investment Research raised shares of Ecopetrol from a “hold” rating to a “strong-buy” rating and set a $29.00 target price for the company in a research report on Tuesday, October 16th. Raymond James raised shares of Ecopetrol from an “underperform” rating to a “market perform” rating in a research report on Monday, October 22nd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Ecopetrol presently has an average rating of “Hold” and an average target price of $20.50.

EC opened at $19.59 on Friday. The stock has a market capitalization of $39.84 billion, a PE ratio of 9.36, a P/E/G ratio of 0.56 and a beta of 1.37. Ecopetrol SA has a 1-year low of $11.88 and a 1-year high of $27.96. The company has a quick ratio of 1.09, a current ratio of 1.33 and a debt-to-equity ratio of 0.58.

Ecopetrol (NYSE:EC) last released its earnings results on Tuesday, November 6th. The oil and gas company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.06). The company had revenue of $6.04 billion during the quarter, compared to the consensus estimate of $5.89 billion. Ecopetrol had a return on equity of 13.38% and a net margin of 19.02%. On average, equities analysts expect that Ecopetrol SA will post 2.1 EPS for the current year.

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About Ecopetrol

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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Institutional Ownership by Quarter for Ecopetrol (NYSE:EC)

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