American Century Companies Inc. Boosts Holdings in Ecopetrol S.A. $EC

American Century Companies Inc. boosted its stake in shares of Ecopetrol S.A. (NYSE:EC) by 22.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 448,060 shares of the oil and gas company’s stock after purchasing an additional 81,312 shares during the quarter. American Century Companies Inc.’s holdings in Ecopetrol were worth $3,965,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Envestnet Asset Management Inc. purchased a new stake in shares of Ecopetrol in the second quarter worth about $93,000. Metis Global Partners LLC acquired a new position in Ecopetrol in the second quarter valued at approximately $104,000. Avantax Advisory Services Inc. purchased a new stake in Ecopetrol in the 1st quarter worth approximately $106,000. MQS Management LLC acquired a new stake in shares of Ecopetrol during the 2nd quarter worth approximately $136,000. Finally, Brooklyn Investment Group increased its holdings in shares of Ecopetrol by 576.6% during the 1st quarter. Brooklyn Investment Group now owns 15,135 shares of the oil and gas company’s stock valued at $158,000 after purchasing an additional 12,898 shares in the last quarter.

Ecopetrol Price Performance

Shares of Ecopetrol stock opened at $9.95 on Tuesday. The stock has a market capitalization of $20.46 billion, a P/E ratio of 7.60 and a beta of 0.68. The business has a 50 day simple moving average of $9.52 and a two-hundred day simple moving average of $9.19. Ecopetrol S.A. has a 12 month low of $7.41 and a 12 month high of $11.05.

Analyst Ratings Changes

A number of analysts recently issued reports on EC shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Ecopetrol in a report on Monday, December 1st. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $8.70 price target on shares of Ecopetrol in a report on Monday, December 1st. Finally, Zacks Research raised Ecopetrol from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Ecopetrol has a consensus rating of “Hold” and a consensus price target of $10.73.

Ecopetrol 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.