Rhumbline Advisers Has $38,000 Stake in Ecopetrol S.A. (NYSE:EC)

Rhumbline Advisers trimmed its stake in shares of Ecopetrol S.A. (NYSE:EC) by 54.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,685 shares of the oil and gas company’s stock after selling 4,454 shares during the period. Rhumbline Advisers’ holdings in Ecopetrol were worth $38,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lindbrook Capital LLC raised its holdings in shares of Ecopetrol by 317.5% during the fourth quarter. Lindbrook Capital LLC now owns 4,784 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 3,638 shares during the period. Platinum Investment Management Ltd. acquired a new stake in shares of Ecopetrol during the fourth quarter worth $44,000. Signaturefd LLC raised its holdings in shares of Ecopetrol by 13.1% during the fourth quarter. Signaturefd LLC now owns 10,978 shares of the oil and gas company’s stock worth $87,000 after acquiring an additional 1,271 shares during the period. Sage Investment Counsel LLC acquired a new stake in shares of Ecopetrol during the fourth quarter worth $91,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Ecopetrol during the fourth quarter worth $97,000.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Ecopetrol from a “buy” rating to a “hold” rating in a report on Monday, March 17th.

Ecopetrol Stock Down 0.8%

Ecopetrol stock opened at $9.26 on Friday. The company has a market cap of $19.03 billion, a P/E ratio of 6.09 and a beta of 0.82. Ecopetrol S.A. has a 1-year low of $7.21 and a 1-year high of $11.32. The company has a fifty day simple moving average of $8.80 and a 200 day simple moving average of $9.03. The company has a current ratio of 1.53, a quick ratio of 1.28 and a debt-to-equity ratio of 1.03.

Ecopetrol Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Tuesday, May 6th. Investors of record on Monday, April 28th were given a $0.5202 dividend. This represents a yield of 34.2%. The ex-dividend date of this dividend was Monday, April 28th. Ecopetrol’s dividend payout ratio (DPR) is currently 65.13%.

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.