Manning & Napier Advisors LLC Has $1.65 Million Stock Holdings in Ecopetrol S.A. (NYSE:EC)

Manning & Napier Advisors LLC lifted its holdings in Ecopetrol S.A. (NYSE:EC) by 1.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 158,452 shares of the oil and gas company’s stock after buying an additional 2,231 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Ecopetrol were worth $1,654,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EC. Lindbrook Capital LLC lifted its holdings in Ecopetrol by 317.5% during the 4th quarter. Lindbrook Capital LLC now owns 4,784 shares of the oil and gas company’s stock worth $38,000 after buying an additional 3,638 shares in the last quarter. Platinum Investment Management Ltd. bought a new position in Ecopetrol in the fourth quarter valued at about $44,000. Signaturefd LLC boosted its holdings in Ecopetrol by 13.1% in 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. Sage Investment Counsel LLC acquired a new stake in Ecopetrol in the fourth quarter worth about $91,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Ecopetrol during the 4th quarter worth about $97,000.

Ecopetrol Stock Performance

EC stock opened at $9.42 on Tuesday. Ecopetrol S.A. has a twelve month low of $7.21 and a twelve month high of $12.67. The company has a quick ratio of 1.28, a current ratio of 1.53 and a debt-to-equity ratio of 1.03. The company has a market cap of $19.37 billion, a P/E ratio of 6.20 and a beta of 0.82. The business’s fifty day moving average is $8.77 and its 200-day moving average is $9.01.

Ecopetrol Cuts Dividend

The business also recently announced an annual dividend, which was paid on Tuesday, May 6th. Shareholders of record on Monday, April 28th were paid a $0.5202 dividend. This represents a yield of 34.2%. The ex-dividend date of this dividend was Monday, April 28th. Ecopetrol’s payout ratio is 109.21%.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Ecopetrol from a “buy” rating to a “hold” rating in a research note on Monday, March 17th.

About Ecopetrol

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.