Avantax Advisory Services Inc. Buys New Stake in Ecopetrol S.A. (NYSE:EC)

Avantax Advisory Services Inc. bought a new stake in shares of Ecopetrol S.A. (NYSE:EC) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,143 shares of the oil and gas company’s stock, valued at approximately $106,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blume Capital Management Inc. acquired a new position in shares of Ecopetrol in the first quarter worth about $28,000. Pekin Hardy Strauss Inc. acquired a new position in shares of Ecopetrol in the first quarter worth about $1,254,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Ecopetrol in the first quarter worth about $46,000. Manning & Napier Advisors LLC raised its position in shares of Ecopetrol by 1.4% in the first quarter. Manning & Napier Advisors LLC now owns 158,452 shares of the oil and gas company’s stock worth $1,654,000 after acquiring an additional 2,231 shares during the period. Finally, Sowell Financial Services LLC acquired a new position in shares of Ecopetrol in the first quarter worth about $116,000.

Ecopetrol Stock Down 0.2%

EC opened at $8.56 on Monday. Ecopetrol S.A. has a twelve month low of $7.21 and a twelve month high of $11.05. The company has a 50-day moving average price of $8.96 and a 200 day moving average price of $9.18. The company has a market cap of $17.60 billion, a PE ratio of 5.63 and a beta of 0.83.

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.