Vanguard Group Inc. raised its holdings in shares of Ecopetrol S.A. (NYSE:EC - Free Report) by 2.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,214,426 shares of the oil and gas company's stock after purchasing an additional 66,567 shares during the quarter. Vanguard Group Inc. owned 0.16% of Ecopetrol worth $33,559,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Ecopetrol in the 1st quarter worth about $46,000. GAMMA Investing LLC grew its position in shares of Ecopetrol by 1,639.4% in the 1st quarter. GAMMA Investing LLC now owns 272,620 shares of the oil and gas company's stock worth $26,113,000 after buying an additional 256,947 shares during the last quarter. Two Sigma Investments LP purchased a new position in shares of Ecopetrol in the 4th quarter worth approximately $1,441,000. Millennium Management LLC purchased a new position in shares of Ecopetrol in the 4th quarter worth approximately $3,019,000. Finally, Pekin Hardy Strauss Inc. purchased a new position in shares of Ecopetrol in the 1st quarter worth approximately $1,254,000.
Ecopetrol Stock Performance
Shares of EC traded up $0.11 during trading hours on Monday, hitting $9.42. The stock had a trading volume of 1,472,463 shares, compared to its average volume of 1,955,572. The firm has a 50-day moving average price of $8.89 and a 200 day moving average price of $9.13. Ecopetrol S.A. has a fifty-two week low of $7.21 and a fifty-two week high of $11.05. The firm has a market capitalization of $19.36 billion, a price-to-earnings ratio of 6.19 and a beta of 0.88.
Analysts Set New Price Targets
Separately, Zacks Research raised shares of Ecopetrol from a "strong sell" rating to a "hold" rating in a research report on Friday, August 15th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Ecopetrol currently has a consensus rating of "Hold" and a consensus price target of $11.00.
Check Out Our Latest Analysis on EC
Ecopetrol Company Profile
(
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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