Robeco Institutional Asset Management B.V. Invests $790,000 in Ecopetrol S.A. (NYSE:EC)

Robeco Institutional Asset Management B.V. purchased a new position in Ecopetrol S.A. (NYSE:EC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 99,796 shares of the oil and gas company's stock, valued at approximately $790,000.

Several other hedge funds have also added to or reduced their stakes in EC. Blue Trust Inc. boosted its position in shares of Ecopetrol by 135.5% in the third quarter. Blue Trust Inc. now owns 6,352 shares of the oil and gas company's stock worth $57,000 after purchasing an additional 3,655 shares during the period. SG Americas Securities LLC bought a new stake in shares of Ecopetrol in the fourth quarter worth about $86,000. R Squared Ltd purchased a new stake in shares of Ecopetrol during the 4th quarter worth approximately $94,000. B.O.S.S. Retirement Advisors LLC bought a new position in Ecopetrol during the fourth quarter valued at $104,000. Finally, Ballentine Partners LLC bought a new stake in Ecopetrol during the fourth quarter worth approximately $123,000.

Ecopetrol Stock Down 3.7 %

Shares of EC traded down $0.37 during midday trading on Wednesday, reaching $9.48. 3,363,908 shares of the stock were exchanged, compared to its average volume of 2,838,599. The company has a market capitalization of $19.48 billion, a P/E ratio of 4.53 and a beta of 1.20. The company has a current ratio of 1.68, a quick ratio of 1.38 and a debt-to-equity ratio of 1.00. Ecopetrol S.A. has a 52 week low of $7.21 and a 52 week high of $12.90. The company's 50 day moving average is $8.27 and its two-hundred day moving average is $8.80.

Analyst Ratings Changes

A number of analysts have weighed in on the company. StockNews.com lowered Ecopetrol from a "buy" rating to a "hold" rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. decreased their price objective on shares of Ecopetrol from $8.50 to $7.50 and set an "underweight" rating for the company in a report on Wednesday, October 30th. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to MarketBeat.com, Ecopetrol presently has an average rating of "Reduce" and an average target price of $8.50.

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.