Truffle Hound Capital LLC acquired a new stake in shares of Ecopetrol S.A. (NYSE:EC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 300,000 shares of the oil and gas company's stock, valued at approximately $3,132,000. Ecopetrol accounts for 1.1% of Truffle Hound Capital LLC's investment portfolio, making the stock its 25th largest holding.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Ecopetrol by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 3,147,859 shares of the oil and gas company's stock valued at $24,931,000 after buying an additional 96,909 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Ecopetrol in the fourth quarter worth approximately $13,760,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Ecopetrol by 12.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 968,440 shares of the oil and gas company's stock worth $7,670,000 after purchasing an additional 105,637 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Ecopetrol by 22.9% in the fourth quarter. JPMorgan Chase & Co. now owns 850,753 shares of the oil and gas company's stock worth $6,738,000 after purchasing an additional 158,585 shares in the last quarter. Finally, Earnest Partners LLC grew its stake in Ecopetrol by 0.7% in the fourth quarter. Earnest Partners LLC now owns 479,127 shares of the oil and gas company's stock worth $3,795,000 after purchasing an additional 3,257 shares in the last quarter.
Ecopetrol Price Performance
NYSE EC traded up $0.10 during midday trading on Wednesday, hitting $8.59. 2,215,610 shares of the company traded hands, compared to its average volume of 2,570,341. Ecopetrol S.A. has a 52 week low of $7.21 and a 52 week high of $11.05. The company's 50-day simple moving average is $8.96 and its 200-day simple moving average is $9.17. The company has a market cap of $17.65 billion, a PE ratio of 5.65 and a beta of 0.83.
Ecopetrol Company 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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