Ecopetrol SA (EC) Stake Increased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. raised its position in shares of Ecopetrol SA (NYSE:EC) by 365.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 657,006 shares of the oil and gas company’s stock after buying an additional 515,725 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Ecopetrol were worth $10,433,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Enlightenment Research LLC bought a new position in Ecopetrol in the fourth quarter valued at approximately $27,000. We Are One Seven LLC bought a new position in Ecopetrol in the fourth quarter valued at approximately $31,000. Financial Gravity Companies Inc. bought a new position in Ecopetrol in the fourth quarter valued at approximately $36,000. Quantamental Technologies LLC bought a new position in Ecopetrol in the fourth quarter valued at approximately $64,000. Finally, Quadrant Capital Group LLC boosted its stake in Ecopetrol by 117.9% in the fourth quarter. Quadrant Capital Group LLC now owns 5,908 shares of the oil and gas company’s stock valued at $90,000 after acquiring an additional 3,197 shares during the last quarter. 3.05% of the stock is owned by institutional investors.

Shares of NYSE:EC opened at $21.75 on Monday. Ecopetrol SA has a 12 month low of $15.25 and a 12 month high of $27.96. The company has a current ratio of 1.33, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58. The firm has a market cap of $44.71 billion, a P/E ratio of 19.95, a P/E/G ratio of 0.70 and a beta of 1.56.

EC has been the topic of a number of recent analyst reports. Santander raised shares of Ecopetrol from an “underperform” rating to a “hold” rating in a research report on Wednesday, March 6th. UBS Group upgraded shares of Ecopetrol from a “sell” rating to a “neutral” rating in a report on Wednesday, December 12th. ValuEngine lowered shares of Ecopetrol from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. Zacks Investment Research lowered shares of Ecopetrol from a “hold” rating to a “strong sell” rating in a report on Thursday, January 3rd. Finally, Citigroup set a $21.00 price objective on shares of Ecopetrol and gave the stock a “hold” rating in a report on Monday, December 17th. Seven equities research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus target price of $25.00.

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Ecopetrol Company Profile

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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