Ecopetrol S.A. (NYSE:EC) Position Decreased by Creative Planning

Creative Planning decreased its holdings in shares of Ecopetrol S.A. (NYSE:EC) by 4.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,962 shares of the oil and gas company’s stock after selling 1,902 shares during the period. Creative Planning’s holdings in Ecopetrol were worth $402,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. GQG Partners LLC lifted its stake in Ecopetrol by 0.9% during the first quarter. GQG Partners LLC now owns 12,291,956 shares of the oil and gas company’s stock valued at $145,537,000 after buying an additional 105,172 shares in the last quarter. Earnest Partners LLC lifted its stake in Ecopetrol by 1.2% during the first quarter. Earnest Partners LLC now owns 510,803 shares of the oil and gas company’s stock valued at $6,048,000 after buying an additional 5,844 shares in the last quarter. American Century Companies Inc. lifted its stake in Ecopetrol by 6.0% during the second quarter. American Century Companies Inc. now owns 272,126 shares of the oil and gas company’s stock valued at $3,045,000 after buying an additional 15,467 shares in the last quarter. Capital Wealth Planning LLC lifted its position in shares of Ecopetrol by 7.0% in the second quarter. Capital Wealth Planning LLC now owns 222,706 shares of the oil and gas company’s stock worth $2,492,000 after purchasing an additional 14,476 shares in the last quarter. Finally, Manning & Napier Advisors LLC purchased a new stake in shares of Ecopetrol in the second quarter worth approximately $1,890,000.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on EC shares. JPMorgan Chase & Co. reduced their price target on shares of Ecopetrol from $8.50 to $7.50 and set an “underweight” rating for the company in a research report on Wednesday, October 30th. The Goldman Sachs Group reduced their price target on shares of Ecopetrol from $11.00 to $9.50 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. Finally, StockNews.com lowered shares of Ecopetrol from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Based on data from MarketBeat.com, Ecopetrol presently has a consensus rating of “Reduce” and a consensus target price of $8.50.

Ecopetrol Price Performance

Shares of EC opened at $7.65 on Friday. The firm has a market cap of $15.73 billion, a PE ratio of 3.37 and a beta of 1.21. The firm’s 50 day moving average price is $8.72 and its 200 day moving average price is $10.39. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.21 and a current ratio of 1.48. Ecopetrol S.A. has a twelve month low of $7.43 and a twelve month high of $13.14.

Ecopetrol (NYSE:EC) last announced its quarterly earnings results on Wednesday, August 14th. The oil and gas company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.15). Ecopetrol had a net margin of 13.92% and a return on equity of 9.42%. The company had revenue of $8.32 billion for the quarter, compared to analyst estimates of $8.49 billion. As a group, research analysts expect that Ecopetrol S.A. will post 2 EPS for the current fiscal year.

Ecopetrol 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.