Ecopetrol S.A. $EC Stock Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. grew its position in shares of Ecopetrol S.A. (NYSE:EC) by 171.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,645 shares of the oil and gas company’s stock after buying an additional 54,767 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Ecopetrol were worth $1,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership bought a new stake in shares of Ecopetrol in the first quarter worth $6,542,000. Renaissance Technologies LLC purchased a new stake in Ecopetrol during the first quarter valued at $3,583,000. Wealth High Governance Capital Ltda bought a new position in Ecopetrol in the first quarter valued at about $2,417,000. Wealth High Governance Asset Management Ltda. bought a new position in Ecopetrol in the first quarter valued at about $2,057,000. Finally, Public Employees Retirement System of Ohio bought a new position in Ecopetrol in the first quarter valued at about $1,948,000.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EC. UBS Group raised their target price on Ecopetrol from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, August 14th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $17.70 price target on shares of Ecopetrol in a research report on Wednesday, October 7th. Zacks Research raised shares of Ecopetrol from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Wall Street Zen upgraded shares of Ecopetrol from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Finally, Weiss Ratings upgraded shares of Ecopetrol from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Ecopetrol presently has a consensus rating of “Hold” and a consensus target price of $15.34.

Ecopetrol Stock Down 2.5%

EC opened at $17.23 on Thursday. The firm’s 50 day simple moving average is $17.22 and its two-hundred day simple moving average is $15.80. The company has a market capitalization of $35.43 billion, a PE ratio of 9.12, a PEG ratio of 1.81 and a beta of 0.46. Ecopetrol S.A. has a 1-year low of $8.57 and a 1-year high of $18.38. The company has a current ratio of 1.51, a quick ratio of 1.24 and a debt-to-equity ratio of 0.86.

Ecopetrol (NYSE:EC) last issued its quarterly earnings data on Wednesday, July 1st. The oil and gas company reported $0.86 earnings per share (EPS) for the quarter. Ecopetrol had a net margin of 11.46% and a return on equity of 14.50%. The firm had revenue of $11.72 billion during the quarter. As a group, equities analysts forecast that Ecopetrol S.A. will post 2.41 EPS for the current year.

Ecopetrol Company Profile

Ecopetrol SA is a Colombia-based integrated energy company engaged in the exploration, production, transportation, refining and marketing of crude oil, natural gas and refined petroleum products. Its operations also include petrochemicals, biofuels and related energy services.

The company operates across Colombia’s oil and gas value chain, including upstream exploration and production, pipeline transportation, storage, refining and fuel distribution. Through its corporate group and strategic investments, Ecopetrol also has activities in international markets, including the United States, Brazil and Peru.

Founded in 1951 and headquartered in Bogotá, Ecopetrol is majority-owned by the Colombian government and is one of the country’s largest energy companies.