SBI Securities Co. Ltd. Invests $2.06 Million in Ecopetrol S.A. (NYSE:EC)

SBI Securities Co. Ltd. acquired a new position in Ecopetrol S.A. (NYSE:EC - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 260,115 shares of the oil and gas company's stock, valued at approximately $2,060,000.

A number of other large investors also recently modified their holdings of the business. Blue Trust Inc. lifted its position 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 purchasing an additional 2,128 shares during the period. SG Americas Securities LLC acquired a new position in Ecopetrol during the 4th quarter worth $86,000. Sage Investment Counsel LLC bought a new position in Ecopetrol in the fourth quarter valued at about $91,000. R Squared Ltd acquired a new stake in shares of Ecopetrol during the 4th quarter worth approximately $94,000. Finally, B.O.S.S. Retirement Advisors LLC acquired a new stake in Ecopetrol during the 4th quarter worth $104,000.

Ecopetrol Stock Up 2.4 %

Shares of NYSE:EC traded up $0.23 during trading on Thursday, hitting $9.60. 3,089,580 shares of the company's stock traded hands, compared to its average volume of 2,902,776. 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 company has a 50-day moving average price of $9.15 and a 200-day moving average price of $8.75. Ecopetrol S.A. has a 52 week low of $7.21 and a 52 week high of $12.90. The company has a market cap of $19.73 billion, a price-to-earnings ratio of 4.59 and a beta of 1.20.

Analyst Ratings Changes

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

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Ecopetrol 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.