SBI Securities Co. Ltd. cut its holdings in shares of Ecopetrol S.A. (NYSE:EC - Free Report) by 16.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 218,181 shares of the oil and gas company's stock after selling 41,934 shares during the period. SBI Securities Co. Ltd.'s holdings in Ecopetrol were worth $2,278,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of EC. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Ecopetrol during the first quarter valued at approximately $46,000. Platinum Investment Management Ltd. purchased a new stake in Ecopetrol during the fourth quarter valued at approximately $44,000. Signaturefd LLC lifted its position in Ecopetrol by 13.1% during the fourth quarter. Signaturefd LLC now owns 10,978 shares of the oil and gas company's stock valued at $87,000 after acquiring an additional 1,271 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in Ecopetrol during the first quarter valued at approximately $116,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Ecopetrol during the fourth quarter valued at approximately $97,000.
Ecopetrol Trading Down 0.2%
Shares of NYSE EC traded down $0.02 during midday trading on Friday, reaching $8.87. The company had a trading volume of 1,732,035 shares, compared to its average volume of 2,448,232. The business's 50-day simple moving average is $8.94 and its 200 day simple moving average is $9.15. The stock has a market cap of $18.22 billion, a P/E ratio of 5.83 and a beta of 0.84. Ecopetrol S.A. has a 1 year low of $7.21 and a 1 year high of $11.05.
About Ecopetrol
(
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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