Fisher Asset Management LLC lowered its position in shares of Ecopetrol SA (NYSE:EC) by 2.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,345,309 shares of the oil and gas company’s stock after selling 56,755 shares during the period. Fisher Asset Management LLC owned 0.11% of Ecopetrol worth $42,896,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Lindbrook Capital LLC lifted its position in Ecopetrol by 116.6% during the first quarter. Lindbrook Capital LLC now owns 1,315 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 708 shares during the last quarter. Belpointe Asset Management LLC bought a new stake in shares of Ecopetrol in the 1st quarter worth approximately $109,000. Advisors Preferred LLC bought a new stake in shares of Ecopetrol in the 1st quarter worth approximately $110,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Ecopetrol in the 2nd quarter worth approximately $208,000. Finally, Geode Capital Management LLC bought a new stake in shares of Ecopetrol in the 4th quarter worth approximately $217,000. 2.84% of the stock is owned by institutional investors.
Shares of EC traded up $0.28 during mid-day trading on Friday, reaching $15.99. The company’s stock had a trading volume of 590,400 shares, compared to its average volume of 567,936. The company has a current ratio of 1.26, a quick ratio of 0.92 and a debt-to-equity ratio of 0.59. Ecopetrol SA has a 52 week low of $15.25 and a 52 week high of $27.96. The company’s fifty day moving average price is $18.02 and its two-hundred day moving average price is $19.01. The stock has a market cap of $32.30 billion, a PE ratio of 9.19, a P/E/G ratio of 0.46 and a beta of 1.53.Separately, Citigroup upgraded shares of Ecopetrol from a “neutral” rating to a “buy” rating in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $23.33.
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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