Jane Street Group LLC Has $197,000 Stock Holdings in Ecopetrol SA (NYSE:EC)

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Jane Street Group LLC reduced its stake in shares of Ecopetrol SA (NYSE:EC) by 41.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,854 shares of the oil and gas company’s stock after selling 7,799 shares during the quarter. Jane Street Group LLC’s holdings in Ecopetrol were worth $197,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EC. Belpointe Asset Management LLC acquired a new stake in shares of Ecopetrol during the 1st quarter worth $109,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Ecopetrol during the 2nd quarter worth $208,000. TB Alternative Assets Ltd. acquired a new stake in shares of Ecopetrol during the 2nd quarter worth $1,013,000. Fox Run Management L.L.C. acquired a new stake in shares of Ecopetrol during the 2nd quarter worth $309,000. Finally, State of New Jersey Common Pension Fund D grew its holdings in shares of Ecopetrol by 155.9% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 213,155 shares of the oil and gas company’s stock worth $3,899,000 after purchasing an additional 129,855 shares in the last quarter. 2.63% of the stock is currently owned by institutional investors.

Shares of EC stock opened at $17.34 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 1.26 and a debt-to-equity ratio of 0.59. Ecopetrol SA has a twelve month low of $15.21 and a twelve month high of $26.06. The company has a market cap of $35.66 billion, a P/E ratio of 9.97, a P/E/G ratio of 0.50 and a beta of 1.56. The business has a fifty day simple moving average of $16.85 and a 200 day simple moving average of $18.03.

Several analysts recently weighed in on EC shares. HSBC upgraded Ecopetrol from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $21.00 to $20.50 in a research report on Thursday, September 12th. Citigroup set a $19.80 price objective on Ecopetrol and gave the stock a “buy” rating in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $22.33.

Ecopetrol Company Profile

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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Institutional Ownership by Quarter for Ecopetrol (NYSE:EC)

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