R Squared Ltd Purchases Shares of 11,810 Ecopetrol S.A. (NYSE:EC)

R Squared Ltd acquired a new position in shares of Ecopetrol S.A. (NYSE:EC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,810 shares of the oil and gas company’s stock, valued at approximately $94,000.

A number of other large investors have also recently bought and sold shares of EC. Charles Schwab Investment Management Inc. boosted its stake in shares of Ecopetrol by 81.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 425,116 shares of the oil and gas company’s stock worth $3,796,000 after buying an additional 190,293 shares during the last quarter. Verition Fund Management LLC bought a new position in Ecopetrol in the third quarter valued at approximately $1,061,000. Hilltop Holdings Inc. acquired a new position in shares of Ecopetrol during the 3rd quarter worth approximately $458,000. QRG Capital Management Inc. bought a new stake in shares of Ecopetrol during the 3rd quarter worth approximately $228,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Ecopetrol by 61.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 56,783 shares of the oil and gas company’s stock valued at $507,000 after buying an additional 21,703 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EC. JPMorgan Chase & Co. lowered their target price on shares of Ecopetrol from $8.50 to $7.50 and set an “underweight” rating on the stock in a report on Wednesday, October 30th. StockNews.com lowered shares of Ecopetrol from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $8.50.

Ecopetrol Trading Up 6.8 %

Shares of Ecopetrol stock opened at $9.66 on Friday. Ecopetrol S.A. has a 1 year low of $7.21 and a 1 year high of $12.90. The company has a market capitalization of $19.85 billion, a price-to-earnings ratio of 4.62 and a beta of 1.19. The business has a fifty day simple moving average of $8.15 and a two-hundred day simple moving average of $8.85. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.68 and a quick ratio of 1.38.

Ecopetrol Company Profile

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.