NumerixS Investment Technologies Inc Takes Position in Ecopetrol SA (EC)

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NumerixS Investment Technologies Inc bought a new stake in shares of Ecopetrol SA (NYSE:EC) in the second quarter, HoldingsChannel.com reports. The firm bought 15,925 shares of the oil and gas company’s stock, valued at approximately $323,000.

Other institutional investors have also recently made changes to their positions in the company. Atria Investments LLC purchased a new position in shares of Ecopetrol in the 1st quarter valued at about $317,000. Prudential Financial Inc. purchased a new position in shares of Ecopetrol in the 1st quarter valued at about $2,090,000. Bailard Inc. purchased a new position in shares of Ecopetrol in the 1st quarter valued at about $3,068,000. State of Wisconsin Investment Board boosted its stake in shares of Ecopetrol by 107.1% in the 1st quarter. State of Wisconsin Investment Board now owns 117,607 shares of the oil and gas company’s stock valued at $2,273,000 after buying an additional 60,814 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Ecopetrol by 19.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 292,387 shares of the oil and gas company’s stock valued at $5,652,000 after buying an additional 47,680 shares during the period. Institutional investors own 2.85% of the company’s stock.

Shares of NYSE EC opened at $22.05 on Thursday. The company has a current ratio of 1.45, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. Ecopetrol SA has a fifty-two week low of $9.21 and a fifty-two week high of $23.34. The stock has a market cap of $46.46 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 0.74 and a beta of 1.30.

Several brokerages have recently weighed in on EC. HSBC raised Ecopetrol from a “reduce” rating to a “hold” rating in a research report on Thursday, May 24th. ValuEngine lowered Ecopetrol from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Citigroup raised Ecopetrol from a “sell” rating to a “neutral” rating in a research report on Thursday, August 2nd. Finally, Zacks Investment Research raised Ecopetrol from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a research report on Tuesday, July 10th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $16.00.

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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Institutional Ownership by Quarter for Ecopetrol (NYSE:EC)

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