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173,010 Shares in Ecopetrol S.A. (NYSE:EC) Bought by Empirical Finance LLC

Ecopetrol logo with Energy background

Key Points

  • Empirical Finance LLC has invested approximately $1.81 million in Ecopetrol S.A., acquiring 173,010 shares of the oil and gas company.
  • Other investors have also shown interest in Ecopetrol, with firms like Blume Capital and Mirae Asset buying stakes in the first quarter of 2023.
  • Ecopetrol's stock has a 52-week range of $7.21 to $11.05, with a current price of $8.57 and a market capitalization of $17.61 billion.
  • MarketBeat previews top five stocks to own in September.

Empirical Finance LLC purchased a new stake in shares of Ecopetrol S.A. (NYSE:EC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 173,010 shares of the oil and gas company's stock, valued at approximately $1,806,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Blume Capital Management Inc. acquired a new stake in Ecopetrol in the first quarter valued at $28,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Ecopetrol during the 1st quarter worth approximately $46,000. Avantax Advisory Services Inc. acquired a new position in shares of Ecopetrol in the 1st quarter valued at approximately $106,000. Sowell Financial Services LLC acquired a new stake in shares of Ecopetrol during the 1st quarter valued at approximately $116,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Ecopetrol in the fourth quarter worth $97,000.

Ecopetrol Price Performance

Ecopetrol stock traded down $0.24 during mid-day trading on Wednesday, hitting $8.55. The company's stock had a trading volume of 1,254,006 shares, compared to its average volume of 2,585,576. Ecopetrol S.A. has a 52-week low of $7.21 and a 52-week high of $11.05. The firm's 50 day moving average is $8.98 and its 200 day moving average is $9.18. The company has a market cap of $17.57 billion, a PE ratio of 5.62 and a beta of 0.84.

Ecopetrol 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.

Further Reading

Institutional Ownership by Quarter for Ecopetrol (NYSE:EC)

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