Ecopetrol S.A. (NYSE:EC) Given Consensus Rating of “Hold” by Analysts

Shares of Ecopetrol S.A. (NYSE:EC) have earned a consensus rating of “Hold” from the five research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $11.75.

Several research analysts recently weighed in on EC shares. The Goldman Sachs Group restated a “neutral” rating on shares of Ecopetrol in a report 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 reiterated a “sell (d+)” rating on shares of Ecopetrol in a report on Tuesday, November 25th.

Institutional Trading of Ecopetrol

A number of large investors have recently bought and sold shares of EC. Oaktree Capital Management LP grew its stake in Ecopetrol by 12.3% during the second quarter. Oaktree Capital Management LP now owns 3,549,822 shares of the oil and gas company’s stock valued at $31,416,000 after acquiring an additional 387,700 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Ecopetrol by 2.1% in 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 buying an additional 66,567 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Ecopetrol by 9.4% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,190,268 shares of the oil and gas company’s stock valued at $10,534,000 after buying an additional 102,505 shares during the period. Charles Schwab Investment Management Inc. grew its position in Ecopetrol by 46.1% during the first 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 buying an additional 321,132 shares in the last quarter. Finally, Candriam S.C.A. purchased a new position in Ecopetrol during the second quarter worth about $7,443,000.

Ecopetrol Trading Down 0.5%

Shares of NYSE:EC opened at $9.82 on Monday. The stock has a market cap of $20.19 billion, a PE ratio of 7.50 and a beta of 0.81. The stock’s fifty day simple moving average is $9.44 and its two-hundred day simple moving average is $9.12. Ecopetrol has a 1-year low of $7.41 and a 1-year high of $11.05.

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.