Capital Fund Management S.A. Has $1.47 Million Stake in Ecopetrol S.A. $EC

Capital Fund Management S.A. lifted its position in shares of Ecopetrol S.A. (NYSE:EC) by 529.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 165,697 shares of the oil and gas company’s stock after buying an additional 139,381 shares during the quarter. Capital Fund Management S.A.’s holdings in Ecopetrol were worth $1,466,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. acquired a new position in Ecopetrol in the second quarter valued at $93,000. Metis Global Partners LLC acquired a new position in shares of Ecopetrol in the 2nd quarter valued at about $104,000. Avantax Advisory Services Inc. bought a new stake in shares of Ecopetrol during the 1st quarter valued at about $106,000. MQS Management LLC bought a new stake in shares of Ecopetrol during the 2nd quarter valued at about $136,000. Finally, Brooklyn Investment Group grew its stake in Ecopetrol by 576.6% during the first quarter. Brooklyn Investment Group now owns 15,135 shares of the oil and gas company’s stock worth $158,000 after purchasing an additional 12,898 shares during the period.

Analyst Ratings Changes

A number of research firms have issued reports on EC. Zacks Research upgraded Ecopetrol from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. The Goldman Sachs Group reiterated a “neutral” rating and set a $8.70 target price on shares of Ecopetrol in a research report on Monday. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Ecopetrol in a research note on Monday. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.73.

Ecopetrol Stock Down 0.7%

Shares of EC opened at $10.06 on Friday. The business’s fifty day moving average is $9.49 and its 200 day moving average is $9.16. Ecopetrol S.A. has a 12-month low of $7.41 and a 12-month high of $11.05. The stock has a market cap of $20.67 billion, a P/E ratio of 7.68 and a beta of 0.68.

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.