54,767 Ecopetrol S.A. $EC Shares Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. grew its holdings in shares of Ecopetrol S.A. (NYSE:EC) by 171.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 86,645 shares of the oil and gas company’s stock after purchasing an additional 54,767 shares during the period. TD Waterhouse Canada Inc.’s holdings in Ecopetrol were worth $1,410,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in EC. GAMMA Investing LLC grew its stake in shares of Ecopetrol by 5.1% in the 3rd quarter. GAMMA Investing LLC now owns 36,835 shares of the oil and gas company’s stock worth $607,000 after buying an additional 1,798 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Ecopetrol by 10.4% during the third quarter. Farther Finance Advisors LLC now owns 6,347 shares of the oil and gas company’s stock valued at $105,000 after buying an additional 599 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in Ecopetrol by 12.0% during the second quarter. Integrated Wealth Concepts LLC now owns 45,011 shares of the oil and gas company’s stock valued at $641,000 after buying an additional 4,835 shares during the last quarter. Wellington Management Group LLP purchased a new position in Ecopetrol during the second quarter valued at $1,709,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Ecopetrol during the second quarter valued at $616,000.

Ecopetrol Price Performance

EC opened at $17.23 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.24 and a current ratio of 1.51. The stock has a market capitalization of $35.43 billion, a P/E ratio of 9.12, a P/E/G ratio of 1.81 and a beta of 0.46. The company’s 50-day simple moving average is $17.22 and its two-hundred day simple moving average is $15.80. Ecopetrol S.A. has a 52-week low of $8.57 and a 52-week high of $18.38.

Ecopetrol (NYSE:EC) last announced its quarterly earnings results on Wednesday, July 1st. The oil and gas company reported $0.86 earnings per share (EPS) for the quarter. Ecopetrol had a net margin of 11.46% and a return on equity of 14.50%. The firm had revenue of $11.72 billion for the quarter. As a group, analysts predict that Ecopetrol S.A. will post 2.41 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on EC. Wall Street Zen raised Ecopetrol from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. Zacks Research raised shares of Ecopetrol from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. The Goldman Sachs Group restated a “neutral” rating and set a $17.70 price objective on shares of Ecopetrol in a research note on Wednesday, October 7th. Weiss Ratings upgraded shares of Ecopetrol from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, September 24th. Finally, UBS Group lifted their target price on shares of Ecopetrol from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $15.34.

About Ecopetrol

Ecopetrol SA is a Colombia-based integrated energy company engaged in the exploration, production, transportation, refining and marketing of crude oil, natural gas and refined petroleum products. Its operations also include petrochemicals, biofuels and related energy services.

The company operates across Colombia’s oil and gas value chain, including upstream exploration and production, pipeline transportation, storage, refining and fuel distribution. Through its corporate group and strategic investments, Ecopetrol also has activities in international markets, including the United States, Brazil and Peru.

Founded in 1951 and headquartered in Bogotá, Ecopetrol is majority-owned by the Colombian government and is one of the country’s largest energy companies.