Pekin Hardy Strauss Inc. acquired a new stake in shares of Ecopetrol S.A. (NYSE:EC - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 120,073 shares of the oil and gas company's stock, valued at approximately $1,254,000.
Other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Ecopetrol during the 4th quarter valued at about $13,760,000. Millennium Management LLC acquired a new stake in shares of Ecopetrol during the 4th quarter valued at about $3,019,000. Charles Schwab Investment Management Inc. grew its position in shares of Ecopetrol by 63.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 696,412 shares of the oil and gas company's stock valued at $5,516,000 after acquiring an additional 271,296 shares during the period. GAMMA Investing LLC grew its position in shares of Ecopetrol by 1,639.4% during the 1st quarter. GAMMA Investing LLC now owns 272,620 shares of the oil and gas company's stock valued at $26,113,000 after acquiring an additional 256,947 shares during the period. Finally, Marshall Wace LLP grew its position in shares of Ecopetrol by 172.3% during the 4th quarter. Marshall Wace LLP now owns 370,555 shares of the oil and gas company's stock valued at $2,935,000 after acquiring an additional 234,459 shares during the period.
Ecopetrol Price Performance
EC stock traded up $0.08 during trading on Friday, hitting $9.08. The stock had a trading volume of 1,782,274 shares, compared to its average volume of 2,436,909. Ecopetrol S.A. has a twelve month low of $7.21 and a twelve month high of $11.29. The stock has a market capitalization of $18.67 billion, a P/E ratio of 5.97 and a beta of 0.84. The company's 50-day moving average price is $8.87 and its two-hundred day moving average price is $9.11.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen cut Ecopetrol from a "buy" rating to a "hold" rating in a report on Monday, March 17th.
View Our Latest Stock Report on Ecopetrol
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.
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