Invesco Ltd. Sells 9,638 Shares of Ecopetrol S.A. $EC

Invesco Ltd. lessened its stake in shares of Ecopetrol S.A. (NYSE:EC) by 10.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 81,948 shares of the oil and gas company’s stock after selling 9,638 shares during the period. Invesco Ltd.’s holdings in Ecopetrol were worth $856,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of EC. Vanguard Group Inc. boosted its position in Ecopetrol by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 3,214,426 shares of the oil and gas company’s stock valued at $33,559,000 after acquiring an additional 66,567 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Ecopetrol by 46.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,017,544 shares of the oil and gas company’s stock valued at $10,623,000 after buying an additional 321,132 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Ecopetrol by 12.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 968,440 shares of the oil and gas company’s stock valued at $7,670,000 after buying an additional 105,637 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of Ecopetrol during the fourth quarter valued at about $3,019,000. Finally, Truffle Hound Capital LLC purchased a new position in Ecopetrol in the first quarter worth $3,132,000.

Ecopetrol Stock Down 3.5%

EC stock opened at $9.06 on Thursday. The stock has a market capitalization of $18.62 billion, a P/E ratio of 5.96 and a beta of 0.88. The firm has a 50-day simple moving average of $8.88 and a 200-day simple moving average of $9.13. Ecopetrol S.A. has a 52 week low of $7.21 and a 52 week high of $11.05.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Ecopetrol from a “strong sell” rating to a “hold” rating in a report on Friday, August 15th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.00.

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.