Ecopetrol S.A. (NYSE:EC) Shares Acquired by Mariner LLC

Mariner LLC grew its stake in Ecopetrol S.A. (NYSE:EC) by 126.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 29,144 shares of the oil and gas company’s stock after acquiring an additional 16,263 shares during the period. Mariner LLC’s holdings in Ecopetrol were worth $231,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Tidal Investments LLC grew its position in Ecopetrol by 18.8% in the 3rd quarter. Tidal Investments LLC now owns 39,301 shares of the oil and gas company’s stock valued at $351,000 after acquiring an additional 6,222 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Ecopetrol by 232.9% in the fourth quarter. GAMMA Investing LLC now owns 15,673 shares of the oil and gas company’s stock valued at $124,000 after purchasing an additional 10,965 shares in the last quarter. Ballentine Partners LLC purchased a new stake in Ecopetrol during the 4th quarter worth approximately $123,000. SG Americas Securities LLC acquired a new stake in Ecopetrol during the 4th quarter worth approximately $86,000. Finally, B.O.S.S. Retirement Advisors LLC purchased a new position in Ecopetrol in the 4th quarter valued at approximately $104,000.

Analyst Ratings Changes

EC has been the subject of a number of recent research reports. Citigroup upgraded Ecopetrol from a “neutral” rating to a “buy” rating and lifted their target price for the company from $9.00 to $14.00 in a report on Tuesday, February 18th. StockNews.com cut Ecopetrol from a “buy” rating to a “hold” rating in a research note on Monday, March 17th. Finally, JPMorgan Chase & Co. upgraded shares of Ecopetrol from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $7.50 to $9.50 in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $11.00.

Ecopetrol Stock Up 0.1 %

Shares of NYSE EC opened at $7.89 on Wednesday. Ecopetrol S.A. has a 1 year low of $7.21 and a 1 year high of $12.67. The company has a market capitalization of $16.21 billion, a price-to-earnings ratio of 3.77 and a beta of 0.82. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.68 and a quick ratio of 1.38. The business has a 50-day moving average of $9.33 and a two-hundred day moving average of $8.78.

Ecopetrol Cuts Dividend

The business also recently declared an annual dividend, which was paid on Tuesday, May 6th. Shareholders of record on Monday, April 28th were paid a $0.5202 dividend. The ex-dividend date was Monday, April 28th. This represents a yield of 34.2%. Ecopetrol’s dividend payout ratio is currently 72.25%.

About Ecopetrol

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.