SG Americas Securities LLC Invests $86,000 in Ecopetrol S.A. (NYSE:EC)

SG Americas Securities LLC bought a new position in Ecopetrol S.A. (NYSE:EC) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 10,800 shares of the oil and gas company’s stock, valued at approximately $86,000.

Several other large investors have also recently modified their holdings of EC. Blue Trust Inc. boosted its position in shares of Ecopetrol by 135.5% in the third quarter. Blue Trust Inc. now owns 6,352 shares of the oil and gas company’s stock valued at $57,000 after acquiring an additional 3,655 shares during the period. Glenorchy Capital Ltd boosted its position in shares of Ecopetrol by 16.5% in the third quarter. Glenorchy Capital Ltd now owns 53,583 shares of the oil and gas company’s stock valued at $479,000 after acquiring an additional 7,584 shares during the period. QRG Capital Management Inc. bought a new position in shares of Ecopetrol in the third quarter valued at approximately $228,000. Crossmark Global Holdings Inc. boosted its position in shares of Ecopetrol by 1.6% in the third quarter. Crossmark Global Holdings Inc. now owns 887,424 shares of the oil and gas company’s stock valued at $7,924,000 after acquiring an additional 13,707 shares during the period. Finally, Aigen Investment Management LP bought a new position in shares of Ecopetrol in the third quarter valued at approximately $188,000.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of Ecopetrol from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. upgraded shares of Ecopetrol from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $7.50 to $9.50 in a research report on Thursday. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, Ecopetrol has an average rating of “Hold” and a consensus target price of $9.17.

Ecopetrol Trading Up 6.4 %

Shares of Ecopetrol stock opened at $10.25 on Friday. Ecopetrol S.A. has a 1 year low of $7.21 and a 1 year high of $12.90. The firm has a market cap of $21.06 billion, a PE ratio of 4.90 and a beta of 1.20. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.68 and a quick ratio of 1.38. The company has a 50 day simple moving average of $8.47 and a two-hundred day simple moving average of $8.77.

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.