Allianz Asset Management GmbH purchased a new stake in Ecopetrol S.A. (NYSE:EC - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 451,674 shares of the oil and gas company's stock, valued at approximately $3,997,000.
Other large investors have also recently bought and sold shares of the company. Blume Capital Management Inc. bought a new position in Ecopetrol in the 1st quarter valued at $28,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Ecopetrol in the 1st quarter valued at $46,000. Avantax Advisory Services Inc. bought a new position in Ecopetrol in the 1st quarter valued at $106,000. Brooklyn Investment Group boosted its holdings in Ecopetrol by 576.6% in the 1st quarter. Brooklyn Investment Group now owns 15,135 shares of the oil and gas company's stock valued at $158,000 after purchasing an additional 12,898 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in Ecopetrol in the 1st quarter valued at $163,000.
Analyst Ratings Changes
Several research analysts have commented on the stock. Weiss Ratings reissued a "sell (d+)" rating on shares of Ecopetrol in a report on Wednesday, October 8th. Zacks Research cut shares of Ecopetrol from a "hold" rating to a "strong sell" rating in a research report on Monday, October 6th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $11.75.
Check Out Our Latest Analysis on Ecopetrol
Ecopetrol Stock Up 4.5%
Shares of NYSE:EC opened at $9.15 on Friday. The stock has a market cap of $18.80 billion, a PE ratio of 6.98 and a beta of 0.83. The company's fifty day moving average is $9.12 and its 200 day moving average is $8.89. Ecopetrol S.A. has a 52 week low of $7.21 and a 52 week high of $11.05.
About Ecopetrol
(
Free Report)
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.
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