Farmer Steven Patrick Invests $174,000 in Ecopetrol S.A. (NYSE:EC)

Farmer Steven Patrick acquired a new position in shares of Ecopetrol S.A. (NYSE:ECGet Rating) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,061 shares of the oil and gas company’s stock, valued at approximately $174,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in EC. First Trust Advisors LP bought a new stake in shares of Ecopetrol during the 4th quarter worth approximately $173,000. MQS Management LLC bought a new stake in Ecopetrol in the 4th quarter valued at $222,000. Schroder Investment Management Group raised its stake in Ecopetrol by 11.7% in the 4th quarter. Schroder Investment Management Group now owns 43,730 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 4,574 shares during the period. Virtus ETF Advisers LLC raised its stake in Ecopetrol by 22.5% in the 4th quarter. Virtus ETF Advisers LLC now owns 147,630 shares of the oil and gas company’s stock valued at $1,903,000 after acquiring an additional 27,141 shares during the period. Finally, Itau Unibanco Holding S.A. bought a new stake in Ecopetrol in the 4th quarter valued at $9,986,000. Institutional investors own 1.44% of the company’s stock.

Ecopetrol Price Performance

Shares of EC opened at $10.25 on Friday. Ecopetrol S.A. has a 1 year low of $9.31 and a 1 year high of $19.81. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.46 and a quick ratio of 1.17. The company has a market capitalization of $21.07 billion, a price-to-earnings ratio of 6.97, a price-to-earnings-growth ratio of 0.05 and a beta of 1.59. The business has a 50-day moving average of $10.44 and a 200-day moving average of $14.09.

Wall Street Analysts Forecast Growth

Separately, TheStreet cut Ecopetrol from a “b-” rating to a “c” rating in a research report on Tuesday, July 5th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat.com, Ecopetrol presently has a consensus rating of “Hold” and a consensus price target of $15.60.

Ecopetrol Company Profile

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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.

See Also

Institutional Ownership by Quarter for Ecopetrol (NYSE:EC)

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