Ecopetrol SA (NYSE:EC) is scheduled to be releasing its Q316 earnings data on Tuesday, November 15th.

Large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its stake in shares of Ecopetrol SA by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 17,817 shares of the company’s stock valued at $170,000 after buying an additional 516 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of Ecopetrol SA by 5.7% in the second quarter. BlackRock Fund Advisors now owns 670,832 shares of the company’s stock valued at $6,413,000 after buying an additional 35,977 shares during the period. BlackRock Group LTD raised its stake in shares of Ecopetrol SA by 10.6% in the second quarter. BlackRock Group LTD now owns 632,875 shares of the company’s stock valued at $6,051,000 after buying an additional 60,420 shares during the period. Wetherby Asset Management Inc. raised its stake in shares of Ecopetrol SA by 11.4% in the second quarter. Wetherby Asset Management Inc. now owns 15,531 shares of the company’s stock valued at $148,000 after buying an additional 1,588 shares during the period. Finally, Alliancebernstein L.P. raised its stake in shares of Ecopetrol SA by 2.1% in the second quarter. Alliancebernstein L.P. now owns 12,774 shares of the company’s stock valued at $122,000 after buying an additional 268 shares during the period. 2.31% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have weighed in on EC. Zacks Investment Research cut Ecopetrol SA from a “buy” rating to a “hold” rating in a research note on Monday, October 24th. Tudor Pickering upgraded Ecopetrol SA from a “sell” rating to a “hold” rating in a research note on Friday, September 9th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $9.83.

About Ecopetrol SA

Ecopetrol SA is an oil company. The Company’s business segments include Exploration and Production; Transportation and Logistics, and Refining, Petrochemicals, and Biofuels. The Exploration and Production business segment includes exploration, development and production activities in Colombia and abroad.

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