Blue Trust Inc. Has $32,000 Stock Position in Ecopetrol S.A. (NYSE:EC)

Blue Trust Inc. increased its stake in shares of Ecopetrol S.A. (NYSE:EC) by 258.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,697 shares of the oil and gas company’s stock after purchasing an additional 1,945 shares during the period. Blue Trust Inc.’s holdings in Ecopetrol were worth $32,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EC. New York State Common Retirement Fund bought a new position in Ecopetrol during the 4th quarter worth approximately $781,000. GAMMA Investing LLC acquired a new stake in Ecopetrol in the fourth quarter worth $85,000. Triumph Capital Management bought a new position in shares of Ecopetrol during the fourth quarter worth $327,000. Natixis Advisors L.P. acquired a new position in shares of Ecopetrol in the 4th quarter valued at $217,000. Finally, Stokes Family Office LLC grew its holdings in shares of Ecopetrol by 22.6% in the 4th quarter. Stokes Family Office LLC now owns 94,714 shares of the oil and gas company’s stock valued at $1,129,000 after buying an additional 17,464 shares during the period.

Ecopetrol Price Performance

EC stock opened at $10.22 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.90. The stock has a market cap of $21.01 billion, a PE ratio of 4.44 and a beta of 1.23. The stock has a 50-day moving average price of $10.87 and a two-hundred day moving average price of $11.39. Ecopetrol S.A. has a 1 year low of $9.35 and a 1 year high of $13.14.

Analyst Ratings Changes

Several research analysts have weighed in on the company. StockNews.com lowered Ecopetrol from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. Bank of America cut Ecopetrol from a “neutral” rating to an “underperform” rating in a report on Thursday, May 30th. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $11.22.

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.