Ecopetrol (EC) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Ecopetrol (NYSE:EC) from a sell rating to a hold rating in a report published on Monday, February 4th.

Several other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Ecopetrol from a hold rating to a strong sell rating in a report on Thursday, January 3rd. Citigroup set a $21.00 price target on Ecopetrol and gave the stock a hold rating in a report on Monday, December 17th. UBS Group raised Ecopetrol from a sell rating to a neutral rating in a report on Wednesday, December 12th. Finally, Raymond James raised Ecopetrol from an underperform rating to a market perform rating in a report on Monday, October 22nd. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Ecopetrol currently has an average rating of Hold and a consensus target price of $25.00.

NYSE EC traded up $0.25 during trading on Monday, hitting $20.49. The company’s stock had a trading volume of 751,946 shares, compared to its average volume of 761,435. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.33. The company has a market cap of $42.12 billion, a PE ratio of 18.80, a P/E/G ratio of 0.65 and a beta of 1.51. Ecopetrol has a fifty-two week low of $15.25 and a fifty-two week high of $27.96.

Several institutional investors have recently added to or reduced their stakes in EC. Acadian Asset Management LLC lifted its holdings in shares of Ecopetrol by 28.6% during the fourth quarter. Acadian Asset Management LLC now owns 14,015,881 shares of the oil and gas company’s stock worth $222,574,000 after purchasing an additional 3,113,191 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Ecopetrol by 135.5% during the third quarter. Fisher Asset Management LLC now owns 1,740,247 shares of the oil and gas company’s stock worth $46,865,000 after purchasing an additional 1,001,229 shares during the period. Candriam Luxembourg S.C.A. lifted its holdings in shares of Ecopetrol by 96.8% during the third quarter. Candriam Luxembourg S.C.A. now owns 1,429,000 shares of the oil and gas company’s stock worth $38,483,000 after purchasing an additional 703,000 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Ecopetrol by 6,106.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 639,271 shares of the oil and gas company’s stock worth $17,216,000 after purchasing an additional 628,971 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its holdings in shares of Ecopetrol by 365.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 657,006 shares of the oil and gas company’s stock worth $10,433,000 after purchasing an additional 515,725 shares during the period. 3.14% of the stock is owned by hedge funds and other institutional investors.

About Ecopetrol

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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Analyst Recommendations for Ecopetrol (NYSE:EC)

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