11,939 Shares in Ecopetrol S.A. (NYSE:EC) Purchased by Cerity Partners LLC

Cerity Partners LLC purchased a new stake in Ecopetrol S.A. (NYSE:ECGet Rating) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 11,939 shares of the oil and gas company’s stock, valued at approximately $130,000.

Other institutional investors have also recently made changes to their positions in the company. Penserra Capital Management LLC bought a new position in shares of Ecopetrol in the first quarter valued at $47,000. DekaBank Deutsche Girozentrale bought a new position in shares of Ecopetrol in the 2nd quarter valued at about $144,000. D.A. Davidson & CO. acquired a new position in shares of Ecopetrol during the 2nd quarter worth about $147,000. Atlas Capital Advisors LLC lifted its stake in Ecopetrol by 87.0% in the 1st quarter. Atlas Capital Advisors LLC now owns 8,877 shares of the oil and gas company’s stock valued at $165,000 after purchasing an additional 4,129 shares during the last quarter. Finally, Farmer Steven Patrick acquired a new stake in Ecopetrol in the 2nd quarter valued at about $174,000. Institutional investors and hedge funds own 1.44% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Ecopetrol in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.60.

Ecopetrol Stock Performance

EC stock opened at $10.25 on Thursday. Ecopetrol S.A. has a one year low of $8.59 and a one year high of $19.81. The stock has a market cap of $21.07 billion, a price-to-earnings ratio of 6.97, a price-to-earnings-growth ratio of 0.05 and a beta of 1.56. The company has a fifty day moving average price of $9.79 and a two-hundred day moving average price of $11.35. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.32 and a quick ratio of 1.11.

About Ecopetrol

(Get Rating)

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.

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Institutional Ownership by Quarter for Ecopetrol (NYSE:EC)

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