Capital Fund Management S.A. Increases Stock Holdings in Ecopetrol S.A. $EC

Capital Fund Management S.A. boosted its stake in Ecopetrol S.A. (NYSE:EC) by 529.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 165,697 shares of the oil and gas company’s stock after buying an additional 139,381 shares during the quarter. Capital Fund Management S.A.’s holdings in Ecopetrol were worth $1,466,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Avantax Advisory Services Inc. purchased a new position in Ecopetrol during the 1st quarter worth $106,000. Vanguard Group Inc. boosted its holdings in Ecopetrol by 2.1% during the first quarter. Vanguard Group Inc. now owns 3,214,426 shares of the oil and gas company’s stock worth $33,559,000 after purchasing an additional 66,567 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Ecopetrol by 46.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,017,544 shares of the oil and gas company’s stock worth $10,623,000 after purchasing an additional 321,132 shares in the last quarter. National Bank of Canada FI purchased a new stake in Ecopetrol in the 1st quarter valued at about $202,000. Finally, Rathbones Group PLC increased its stake in Ecopetrol by 16.7% in the 1st quarter. Rathbones Group PLC now owns 17,975 shares of the oil and gas company’s stock valued at $188,000 after buying an additional 2,575 shares during the last quarter.

Ecopetrol Trading Down 0.7%

Shares of NYSE EC opened at $10.06 on Friday. The stock has a market cap of $20.67 billion, a price-to-earnings ratio of 7.68 and a beta of 0.68. Ecopetrol S.A. has a 1-year low of $7.41 and a 1-year high of $11.05. The stock’s 50-day moving average is $9.49 and its 200 day moving average is $9.16.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EC. The Goldman Sachs Group restated a “neutral” rating and issued a $8.70 target price on shares of Ecopetrol in a research note on Monday. Zacks Research raised Ecopetrol from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Ecopetrol in a research note on Monday. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $10.73.

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.