Ecopetrol S.A. (NYSE:EC) Stock Holdings Increased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Ecopetrol S.A. (NYSE:EC - Free Report) by 12.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 968,440 shares of the oil and gas company's stock after purchasing an additional 105,637 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Ecopetrol were worth $7,670,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in EC. Lindbrook Capital LLC boosted its holdings in shares of Ecopetrol by 317.5% in the fourth quarter. Lindbrook Capital LLC now owns 4,784 shares of the oil and gas company's stock worth $38,000 after buying an additional 3,638 shares during the period. Platinum Investment Management Ltd. acquired a new position in shares of Ecopetrol in the fourth quarter worth about $44,000. Blue Trust Inc. boosted its holdings in shares of Ecopetrol by 33.5% in the fourth quarter. Blue Trust Inc. now owns 8,480 shares of the oil and gas company's stock worth $67,000 after buying an additional 2,128 shares during the period. SG Americas Securities LLC acquired a new position in shares of Ecopetrol in the fourth quarter worth about $86,000. Finally, Signaturefd LLC boosted its holdings in shares of Ecopetrol by 13.1% in the fourth quarter. Signaturefd LLC now owns 10,978 shares of the oil and gas company's stock worth $87,000 after buying an additional 1,271 shares during the period.

Ecopetrol Stock Up 1.6%

Shares of NYSE EC traded up $0.14 during mid-day trading on Friday, reaching $8.61. The company had a trading volume of 1,255,638 shares, compared to its average volume of 2,440,433. The stock has a fifty day moving average of $8.98 and a two-hundred day moving average of $8.83. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.38 and a current ratio of 1.68. The company has a market capitalization of $17.69 billion, a price-to-earnings ratio of 4.12 and a beta of 0.82. Ecopetrol S.A. has a 12-month low of $7.21 and a 12-month high of $12.67.

Ecopetrol Cuts Dividend

The business also recently declared an annual dividend, which was paid on Tuesday, May 6th. Stockholders of record on Monday, April 28th were given a $0.5202 dividend. This represents a dividend yield of 34.2%. The ex-dividend date of this dividend was Monday, April 28th. Ecopetrol's dividend payout ratio (DPR) is 72.25%.

Analyst Ratings Changes

Several research analysts have commented on EC shares. JPMorgan Chase & Co. upgraded shares of Ecopetrol from an "underweight" rating to a "neutral" rating and raised their target price for the stock from $7.50 to $9.50 in a report on Thursday, February 13th. Citigroup upgraded shares of Ecopetrol from a "neutral" rating to a "buy" rating and raised their target price for the stock from $9.00 to $14.00 in a report on Tuesday, February 18th. Finally, Wall Street Zen cut shares of Ecopetrol from a "buy" rating to a "hold" rating in a report on Monday, March 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Ecopetrol presently has an average rating of "Hold" and an average price target of $11.00.

About Ecopetrol

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.