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 large investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Ecopetrol during the first quarter valued at $46,000. Platinum Investment Management Ltd. bought a new position in Ecopetrol during the 4th quarter worth about $44,000. Signaturefd LLC increased its position in Ecopetrol by 13.1% during the 4th quarter. Signaturefd LLC now owns 10,978 shares of the oil and gas company's stock valued at $87,000 after purchasing an additional 1,271 shares during the period. Sowell Financial Services LLC purchased a new position in Ecopetrol during the 1st quarter valued at about $116,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Ecopetrol in the 4th quarter valued at about $97,000.
Analysts Set New Price Targets
Separately, Wall Street Zen downgraded shares of Ecopetrol from a "buy" rating to a "hold" rating in a report on Monday, March 17th.
Check Out Our Latest Analysis on EC
Ecopetrol Trading Up 0.4%
Shares of EC stock traded up $0.04 during trading hours on Thursday, reaching $8.99. 1,599,753 shares of the company's stock were exchanged, compared to its average volume of 2,636,909. Ecopetrol S.A. has a fifty-two week low of $7.21 and a fifty-two week high of $11.29. The stock's 50 day moving average is $8.83 and its 200-day moving average is $9.09. The company has a market cap of $18.47 billion, a price-to-earnings ratio of 5.91 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.
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