Ecopetrol SA (NYSE:EC) was upgraded by stock analysts at TheStreet from a “d+” rating to a “c” rating in a research report issued on Wednesday.

Separately, Zacks Investment Research raised Ecopetrol SA from a “strong sell” rating to a “hold” rating in a research note on Monday, May 8th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Ecopetrol SA presently has an average rating of “Hold” and a consensus target price of $10.42.

Ecopetrol SA (NYSE:EC) traded up 3.274% during mid-day trading on Wednesday, reaching $9.935. The company had a trading volume of 627,836 shares. The firm’s 50-day moving average is $9.46 and its 200-day moving average is $9.10. The firm has a market capitalization of $20.42 billion, a P/E ratio of 38.212 and a beta of 1.06. Ecopetrol SA has a one year low of $7.65 and a one year high of $10.36.

The firm also recently declared a special dividend, which was paid on Monday, May 8th. Shareholders of record on Thursday, April 27th were paid a $0.1606 dividend. The ex-dividend date of this dividend was Tuesday, April 25th.

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Several institutional investors have recently modified their holdings of the company. World Asset Management Inc raised its position in shares of Ecopetrol SA by 8.1% in the third quarter. World Asset Management Inc now owns 137,495 shares of the oil and gas company’s stock worth $1,204,000 after buying an additional 10,251 shares during the last quarter. Citadel Advisors LLC raised its position in shares of Ecopetrol SA by 2,856.0% in the third quarter. Citadel Advisors LLC now owns 63,856 shares of the oil and gas company’s stock worth $559,000 after buying an additional 66,173 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Ecopetrol SA by 1.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 146,742 shares of the oil and gas company’s stock worth $1,285,000 after buying an additional 2,700 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of Ecopetrol SA by 46.2% in the third quarter. Lazard Asset Management LLC now owns 901,617 shares of the oil and gas company’s stock worth $7,898,000 after buying an additional 285,100 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in shares of Ecopetrol SA during the fourth quarter worth $35,614,000. 2.54% of the stock is currently owned by institutional investors.

About Ecopetrol SA

Ecopetrol SA is an oil company. The Company operates in Colombia, Peru, Brazil and the United States Gulf Coast. The Company’s segments include Exploration and Production, Transportation and Logistics, and Refining, Petrochemicals and Biofuels. The Company’s Exploration and Production segment includes exploration, development and production activities in Colombia and abroad.

5 Day Chart for NYSE:EC

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