Ecopetrol SA (EC) Upgraded to “Hold” at Tudor Pickering
Separately, Zacks Investment Research upgraded shares of Ecopetrol SA from a hold rating to a buy rating and set a $10.00 price objective on the stock in a research note on Wednesday, October 19th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Ecopetrol SA currently has an average rating of Hold and an average price target of $9.83.
Shares of Ecopetrol SA (NYSE:EC) traded down 0.74% during trading on Thursday, hitting $8.09. The company’s stock had a trading volume of 175,625 shares. The company’s market cap is $16.63 billion. Ecopetrol SA has a 52 week low of $5.16 and a 52 week high of $10.29. The firm’s 50 day moving average price is $8.78 and its 200-day moving average price is $8.99.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James & Associates bought a new position in Ecopetrol SA during the second quarter valued at about $100,000. M&T Bank Corp raised its stake in Ecopetrol SA by 26.5% in the third quarter. M&T Bank Corp now owns 12,900 shares of the company’s stock valued at $113,000 after buying an additional 2,700 shares in the last quarter. Alliancebernstein L.P. raised its stake in 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 in the last quarter. BlackRock Advisors LLC acquired a new stake in Ecopetrol SA during the third quarter valued at approximately $139,000. Finally, Wetherby Asset Management Inc. raised its stake in 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 in the last quarter. Institutional investors and hedge funds own 2.32% of the company’s stock.
Ecopetrol SA Company Profile
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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