Russell Investments Group Ltd. cut its holdings in Ecopetrol SA (NYSE:EC) by 2.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,595,235 shares of the oil and gas company’s stock after selling 76,525 shares during the period. Russell Investments Group Ltd. owned 0.17% of Ecopetrol worth $34,118,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Renaissance Technologies LLC raised its position in Ecopetrol by 16.5% in the 2nd quarter. Renaissance Technologies LLC now owns 6,262,700 shares of the oil and gas company’s stock worth $56,928,000 after purchasing an additional 887,100 shares during the period. APG Asset Management N.V. grew its holdings in Ecopetrol by 118.5% in the 3rd quarter. APG Asset Management N.V. now owns 1,232,763 shares of the oil and gas company’s stock worth $11,699,000 after acquiring an additional 668,500 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in Ecopetrol by 444.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 388,982 shares of the oil and gas company’s stock worth $3,536,000 after acquiring an additional 317,578 shares during the last quarter. Nationwide Fund Advisors grew its holdings in Ecopetrol by 303.2% in the 3rd quarter. Nationwide Fund Advisors now owns 353,973 shares of the oil and gas company’s stock worth $3,359,000 after acquiring an additional 266,173 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of Ecopetrol by 67.3% during the 1st quarter. Morgan Stanley now owns 588,394 shares of the oil and gas company’s stock valued at $5,482,000 after purchasing an additional 236,599 shares in the last quarter. 2.06% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently commented on EC. J P Morgan Chase & Co raised shares of Ecopetrol from an “underweight” rating to a “neutral” rating and set a $9.00 target price for the company in a report on Wednesday, October 25th. Zacks Investment Research cut shares of Ecopetrol from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. lowered shares of Ecopetrol from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. ValuEngine upgraded shares of Ecopetrol from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, BidaskClub upgraded shares of Ecopetrol from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $10.50.
Ecopetrol SA (NYSE:EC) traded up $0.15 on Thursday, reaching $11.89. 452,342 shares of the company’s stock were exchanged, compared to its average volume of 1,032,643. The company has a quick ratio of 1.07, a current ratio of 1.37 and a debt-to-equity ratio of 0.82. The stock has a market cap of $24,382.21, a price-to-earnings ratio of 26.95, a PEG ratio of 0.36 and a beta of 1.14. Ecopetrol SA has a 12 month low of $8.44 and a 12 month high of $12.30.
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Ecopetrol SA is an oil company. The Company operates in Colombia, Peru, Brazil and the United States Gulf Coast. The Company’s segments include Exploration and Production, Transportation and Logistics, and Refining, Petrochemicals and Biofuels. The Company’s Exploration and Production segment includes exploration, development and production activities in Colombia and abroad.
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