Private Advisor Group LLC Increases Stock Position in Ecopetrol S.A. (NYSE:EC)

Private Advisor Group LLC increased its holdings in Ecopetrol S.A. (NYSE:ECFree Report) by 76.2% in the third quarter, HoldingsChannel.com reports. The fund owned 21,332 shares of the oil and gas company’s stock after acquiring an additional 9,225 shares during the period. Private Advisor Group LLC’s holdings in Ecopetrol were worth $247,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in Ecopetrol by 45.5% in the second quarter. BlackRock Inc. now owns 7,161,233 shares of the oil and gas company’s stock worth $73,403,000 after purchasing an additional 2,239,289 shares in the last quarter. Millennium Management LLC increased its stake in shares of Ecopetrol by 215.8% in the 4th quarter. Millennium Management LLC now owns 2,381,687 shares of the oil and gas company’s stock worth $24,936,000 after acquiring an additional 1,627,411 shares in the last quarter. Bank of America Corp DE lifted its position in Ecopetrol by 563.5% during the 1st quarter. Bank of America Corp DE now owns 1,033,207 shares of the oil and gas company’s stock valued at $10,911,000 after acquiring an additional 877,476 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in Ecopetrol during the first quarter worth about $14,665,000. Finally, Norges Bank purchased a new stake in Ecopetrol in the fourth quarter worth about $7,158,000. Institutional investors own 1.29% of the company’s stock.

Ecopetrol Trading Up 1.6 %

Shares of NYSE EC opened at $11.91 on Wednesday. The company has a 50 day simple moving average of $12.17 and a two-hundred day simple moving average of $11.95. Ecopetrol S.A. has a fifty-two week low of $8.59 and a fifty-two week high of $13.14. The company has a quick ratio of 1.24, a current ratio of 1.47 and a debt-to-equity ratio of 0.90.

Ecopetrol (NYSE:ECGet Free Report) last posted its quarterly earnings data on Thursday, November 9th. The oil and gas company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. The company had revenue of $8.68 billion during the quarter, compared to analyst estimates of $8.67 billion. Ecopetrol had a return on equity of 10.31% and a net margin of 14.58%. On average, analysts forecast that Ecopetrol S.A. will post 2.58 EPS for the current year.

About Ecopetrol

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Ecopetrol (NYSE:EC)

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