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Envestnet Asset Management Inc. Has $641,000 Stake in Ecopetrol SA (NYSE:EC)

By September 18, 2019 No Comments

Envestnet Asset Management Inc. grew its stake in Ecopetrol SA (NYSE:EC) by 16.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,057 shares of the oil and gas company’s stock after purchasing an additional 4,874 shares during the period. Envestnet Asset Management Inc.’s holdings in Ecopetrol were worth $641,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of EC. Belpointe Asset Management LLC bought a new stake in Ecopetrol in the 1st quarter valued at about $109,000. First Trust Advisors LP bought a new stake in shares of Ecopetrol during the second quarter valued at about $196,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Ecopetrol during the second quarter valued at about $208,000. Quadrant Capital Group LLC increased its position in shares of Ecopetrol by 132.4% during the second quarter. Quadrant Capital Group LLC now owns 12,592 shares of the oil and gas company’s stock valued at $226,000 after buying an additional 7,173 shares during the period. Finally, NumerixS Investment Technologies Inc increased its position in shares of Ecopetrol by 34.2% during the first quarter. NumerixS Investment Technologies Inc now owns 13,054 shares of the oil and gas company’s stock valued at $278,000 after buying an additional 3,327 shares during the period. Institutional investors and hedge funds own 2.63% of the company’s stock.

EC traded down $0.25 during midday trading on Tuesday, hitting $17.72. The stock had a trading volume of 51,728 shares, compared to its average volume of 603,740. Ecopetrol SA has a 1 year low of $15.21 and a 1 year high of $27.96. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.96 and a current ratio of 1.26. The business has a fifty day moving average of $16.52 and a 200 day moving average of $18.57. The company has a market cap of $35.34 billion, a P/E ratio of 10.30, a price-to-earnings-growth ratio of 0.50 and a beta of 1.57.

Separately, HSBC upgraded shares of Ecopetrol from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $21.00 to $20.50 in a research report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $22.63.

Ecopetrol 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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