Rathbones Group PLC Makes New $172,000 Investment in Ecopetrol S.A. (NYSE:EC)

Rathbones Group PLC bought a new position in Ecopetrol S.A. (NYSE:EC) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 15,400 shares of the oil and gas company’s stock, valued at approximately $172,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Ridgewood Investments LLC bought a new stake in Ecopetrol in the 2nd quarter worth approximately $27,000. Blue Trust Inc. lifted its position in Ecopetrol by 258.6% in the 2nd quarter. Blue Trust Inc. now owns 2,697 shares of the oil and gas company’s stock worth $32,000 after buying an additional 1,945 shares during the last quarter. GAMMA Investing LLC lifted its position in Ecopetrol by 58.2% in the 2nd quarter. GAMMA Investing LLC now owns 6,402 shares of the oil and gas company’s stock worth $72,000 after buying an additional 2,355 shares during the last quarter. MQS Management LLC bought a new stake in Ecopetrol in the 1st quarter worth approximately $125,000. Finally, Cetera Advisors LLC bought a new stake in Ecopetrol in the 1st quarter worth approximately $141,000.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on EC shares. Bank of America lowered Ecopetrol from a “neutral” rating to an “underperform” rating in a research report on Thursday, May 30th. StockNews.com cut Ecopetrol from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $10.90.

Ecopetrol Stock Up 0.4 %

Shares of NYSE:EC opened at $9.30 on Wednesday. Ecopetrol S.A. has a 1 year low of $8.67 and a 1 year high of $13.14. The company has a market cap of $19.11 billion, a PE ratio of 4.04 and a beta of 1.20. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.58 and a quick ratio of 1.34. The stock’s 50-day moving average is $10.18 and its 200 day moving average is $11.11.

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.