Crossmark Global Holdings Inc. Sells 19,479 Shares of Ecopetrol S.A. (NYSE:EC)

Crossmark Global Holdings Inc. lowered its stake in Ecopetrol S.A. (NYSE:EC) by 2.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 873,717 shares of the oil and gas company’s stock after selling 19,479 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Ecopetrol were worth $9,777,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Ridgewood Investments LLC bought a new position in Ecopetrol in the 2nd quarter valued at approximately $27,000. Blue Trust Inc. increased its holdings in shares of Ecopetrol by 258.6% during the second quarter. Blue Trust Inc. now owns 2,697 shares of the oil and gas company’s stock worth $32,000 after buying an additional 1,945 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Ecopetrol by 58.2% in the 2nd quarter. GAMMA Investing LLC now owns 6,402 shares of the oil and gas company’s stock valued at $72,000 after acquiring an additional 2,355 shares during the last quarter. MQS Management LLC acquired a new stake in shares of Ecopetrol during the 1st quarter valued at $125,000. Finally, Cetera Advisors LLC bought a new stake in Ecopetrol during the 1st quarter worth $141,000.

Analyst Ratings Changes

Several equities analysts have commented on EC shares. Bank of America downgraded Ecopetrol from a “neutral” rating to an “underperform” rating in a research report on Thursday, May 30th. StockNews.com downgraded shares of Ecopetrol from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, Ecopetrol has a consensus rating of “Hold” and an average price target of $11.22.

Ecopetrol Trading Down 1.3 %

Shares of EC traded down $0.13 during mid-day trading on Friday, reaching $9.84. 2,464,539 shares of the company were exchanged, compared to its average volume of 1,971,413. The business has a 50 day simple moving average of $10.72 and a two-hundred day simple moving average of $11.35. Ecopetrol S.A. has a 52 week low of $9.35 and a 52 week high of $13.14. The stock has a market capitalization of $20.23 billion, a PE ratio of 4.28 and a beta of 1.23. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.34 and a current ratio of 1.58.

Ecopetrol Company Profile

Ecopetrol SA operates as an integrated energy company. The company operates through four segments: Exploration and Production; Transport and Logistics; Refining, Petrochemical and Biofuels; and Electric Power Transmission and Toll Roads Concessions. It engages in the exploration and production of oil and gas; transportation of crude oil, motor fuels, fuel oil, and other refined products, including diesel, jet, and biofuels; processing and refining crude oil; distribution of natural gas and LPG; sale of refined and petrochemical products; supplying of electric power transmission services; design, development, construction, operation, and maintenance of road and energy infrastructure projects; and supplying of information technology and telecommunications services.