11,810 Shares in Ecopetrol S.A. (NYSE:EC) Purchased by R Squared Ltd

R Squared Ltd bought a new stake in shares of Ecopetrol S.A. (NYSE:EC) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 11,810 shares of the oil and gas company’s stock, valued at approximately $94,000.

Several other large investors have also recently bought and sold shares of EC. Charles Schwab Investment Management Inc. raised its holdings in shares of Ecopetrol by 81.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 425,116 shares of the oil and gas company’s stock worth $3,796,000 after acquiring an additional 190,293 shares in the last quarter. Verition Fund Management LLC acquired a new position in Ecopetrol during the 3rd quarter worth $1,061,000. Hilltop Holdings Inc. bought a new stake in Ecopetrol during the 3rd quarter valued at approximately $458,000. QRG Capital Management Inc. bought a new stake in shares of Ecopetrol in the third quarter valued at approximately $228,000. Finally, BNP Paribas Financial Markets grew its position in Ecopetrol by 61.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 56,783 shares of the oil and gas company’s stock worth $507,000 after purchasing an additional 21,703 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EC. StockNews.com lowered Ecopetrol from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. dropped their price objective on shares of Ecopetrol from $8.50 to $7.50 and set an “underweight” rating for the company in a report on Wednesday, October 30th. Three analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $8.50.

Ecopetrol Stock Up 6.8 %

NYSE EC opened at $9.66 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.38 and a current ratio of 1.68. Ecopetrol S.A. has a 52 week low of $7.21 and a 52 week high of $12.90. The stock has a market capitalization of $19.85 billion, a P/E ratio of 4.62 and a beta of 1.19. The stock has a fifty day moving average of $8.15 and a 200-day moving average of $8.85.

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.