CoreCommodity Management LLC Has $140,000 Stake in Ecopetrol SA (EC)

CoreCommodity Management LLC lessened its holdings in Ecopetrol SA (NYSE:EC) by 11.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 8,844 shares of the oil and gas company’s stock after selling 1,098 shares during the period. CoreCommodity Management LLC’s holdings in Ecopetrol were worth $140,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Wetherby Asset Management Inc. increased its stake in Ecopetrol by 3.0% in the 4th quarter. Wetherby Asset Management Inc. now owns 22,344 shares of the oil and gas company’s stock worth $355,000 after buying an additional 643 shares in the last quarter. FDx Advisors Inc. increased its stake in Ecopetrol by 10.1% in the 4th quarter. FDx Advisors Inc. now owns 12,060 shares of the oil and gas company’s stock worth $192,000 after buying an additional 1,110 shares in the last quarter. Comerica Bank increased its stake in Ecopetrol by 1.2% in the 4th quarter. Comerica Bank now owns 120,025 shares of the oil and gas company’s stock worth $2,164,000 after buying an additional 1,367 shares in the last quarter. Enlightenment Research LLC purchased a new stake in Ecopetrol in the 4th quarter worth $27,000. Finally, Financial Gravity Companies Inc. purchased a new stake in Ecopetrol in the 4th quarter worth $36,000. Institutional investors and hedge funds own 3.05% of the company’s stock.

A number of brokerages have issued reports on EC. Zacks Investment Research upgraded Ecopetrol from a “strong sell” rating to a “hold” rating in a research note on Friday, February 15th. Citigroup set a $21.00 price target on Ecopetrol and gave the stock a “hold” rating in a research note on Monday, December 17th. ValuEngine upgraded Ecopetrol from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. UBS Group upgraded Ecopetrol from a “sell” rating to a “neutral” rating in a research note on Wednesday, December 12th. Finally, Santander upgraded Ecopetrol from an “underperform” rating to a “hold” rating in a research note on Wednesday, March 6th. Seven analysts have rated the stock with a hold rating, Ecopetrol has a consensus rating of “Hold” and a consensus target price of $25.00.

EC opened at $21.38 on Friday. Ecopetrol SA has a 52 week low of $15.25 and a 52 week high of $27.96. The stock has a market cap of $43.95 billion, a price-to-earnings ratio of 19.61, a P/E/G ratio of 0.66 and a beta of 1.56. The company has a quick ratio of 1.09, a current ratio of 1.33 and a debt-to-equity ratio of 0.58.

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About Ecopetrol

Ecopetrol SA operates as an integrated oil and gas company. It operates through three segments: Exploration and Production; Refining, Petrochemical, and Biofuels; and Transport and Logistics. The company produces crude oil and gas; and engages in the extraction, collection, treatment, storage and pumping or compression of hydrocarbons.

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Institutional Ownership by Quarter for Ecopetrol (NYSE:EC)

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