Ecopetrol Sees Unusually High Options Volume (NYSE:EC)

Ecopetrol SA (NYSE:EC) was the recipient of some unusual options trading activity on Wednesday. Stock traders bought 1,213 call options on the stock. This represents an increase of approximately 1,204% compared to the average daily volume of 93 call options.

EC has been the topic of several recent research reports. Zacks Investment Research cut shares of Ecopetrol from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 25th. ValuEngine cut shares of Ecopetrol from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. Finally, Citigroup raised shares of Ecopetrol from a “sell” rating to a “neutral” rating in a research note on Thursday, August 2nd. Four analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Ecopetrol currently has an average rating of “Hold” and an average target price of $16.00.

Shares of NYSE:EC traded down $0.20 on Friday, reaching $26.66. 914,676 shares of the company were exchanged, compared to its average volume of 1,395,016. The company has a quick ratio of 1.15, a current ratio of 1.45 and a debt-to-equity ratio of 0.68. Ecopetrol has a 1-year low of $9.41 and a 1-year high of $27.96. The stock has a market cap of $55.36 billion, a PE ratio of 24.46, a price-to-earnings-growth ratio of 0.89 and a beta of 1.26.

Several large investors have recently bought and sold shares of EC. NewSquare Capital LLC acquired a new position in shares of Ecopetrol during the 2nd quarter worth $177,000. BNP Paribas Arbitrage SA boosted its position in shares of Ecopetrol by 770.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,619 shares of the oil and gas company’s stock worth $177,000 after buying an additional 7,629 shares in the last quarter. Banco de Sabadell S.A purchased a new stake in shares of Ecopetrol in the 1st quarter worth about $184,000. Atlas Capital Advisors LLC boosted its position in shares of Ecopetrol by 1,097.1% in the 2nd quarter. Atlas Capital Advisors LLC now owns 9,014 shares of the oil and gas company’s stock worth $186,000 after buying an additional 8,261 shares in the last quarter. Finally, Cypress Capital Management LLC WY purchased a new stake in shares of Ecopetrol in the 2nd quarter worth about $189,000. 2.85% of the stock is currently owned by institutional investors and hedge funds.

Ecopetrol Company Profile

Ecopetrol SA operates as an integrated oil and gas company. It operates through three segments: Exploration and Production; Refining, Petrochemical, and Biofuels; and Transport and Logistics. The company produces crude oil and gas; and engages in the extraction, collection, treatment, storage and pumping or compression of hydrocarbons.

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