Ecopetrol S.A. (NYSE:EC) Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its holdings in Ecopetrol S.A. (NYSE:EC) by 1.3% in the fourth quarter, Holdings Channel reports. The firm owned 540,695 shares of the oil and gas company’s stock after buying an additional 7,009 shares during the period. Fisher Asset Management LLC’s holdings in Ecopetrol were worth $4,282,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its holdings in Ecopetrol by 33.5% in the fourth quarter. Blue Trust Inc. now owns 8,480 shares of the oil and gas company’s stock worth $67,000 after acquiring an additional 2,128 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Ecopetrol in the 4th quarter valued at approximately $86,000. Sage Investment Counsel LLC purchased a new position in shares of Ecopetrol in the 4th quarter valued at approximately $91,000. R Squared Ltd acquired a new stake in Ecopetrol in the 4th quarter worth approximately $94,000. Finally, B.O.S.S. Retirement Advisors LLC purchased a new stake in Ecopetrol during the 4th quarter worth approximately $104,000.

Ecopetrol Trading Down 3.6 %

EC stock opened at $9.13 on Wednesday. Ecopetrol S.A. has a 12-month low of $7.21 and a 12-month high of $12.90. The business’s 50-day moving average is $9.11 and its 200 day moving average is $8.75. The company has a current ratio of 1.68, a quick ratio of 1.38 and a debt-to-equity ratio of 1.00. The stock has a market cap of $18.76 billion, a price-to-earnings ratio of 4.37 and a beta of 1.20.

Wall Street Analyst Weigh In

EC has been the subject of a number of research analyst reports. StockNews.com cut shares of Ecopetrol from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Citigroup upgraded Ecopetrol from a “neutral” rating to a “buy” rating and raised their target price for the stock from $9.00 to $14.00 in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. upgraded Ecopetrol from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $7.50 to $9.50 in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $11.00.

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.