Ecopetrol (NYSE:EC) Upgraded at StockNews.com

Ecopetrol (NYSE:EC - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Friday.

EC has been the topic of a number of other research reports. JPMorgan Chase & Co. raised Ecopetrol from an "underweight" rating to a "neutral" rating and upped their price objective for the stock from $7.50 to $9.50 in a research report on Thursday, February 13th. Citigroup raised Ecopetrol from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $9.00 to $14.00 in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Ecopetrol presently has an average rating of "Hold" and an average price target of $11.00.

Ecopetrol Trading Down 1.3 %

Shares of EC stock traded down $0.13 on Friday, hitting $9.62. The stock had a trading volume of 1,902,207 shares, compared to its average volume of 2,291,223. The company's 50 day moving average price is $9.28 and its 200-day moving average price is $8.73. Ecopetrol has a 1 year low of $7.21 and a 1 year high of $12.90. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.68 and a quick ratio of 1.38. The firm has a market capitalization of $19.77 billion, a P/E ratio of 4.60 and a beta of 1.22.

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Institutional Trading of Ecopetrol

A number of institutional investors have recently bought and sold shares of EC. Signaturefd LLC raised its position in shares of Ecopetrol by 13.1% during the 4th quarter. Signaturefd LLC now owns 10,978 shares of the oil and gas company's stock worth $87,000 after acquiring an additional 1,271 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Ecopetrol by 10.7% during the fourth quarter. Wells Fargo & Company MN now owns 17,575 shares of the oil and gas company's stock worth $139,000 after purchasing an additional 1,703 shares in the last quarter. Stokes Family Office LLC lifted its position in shares of Ecopetrol by 3.1% during the 4th quarter. Stokes Family Office LLC now owns 66,664 shares of the oil and gas company's stock worth $528,000 after buying an additional 2,000 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Ecopetrol by 33.5% in the 4th quarter. Blue Trust Inc. now owns 8,480 shares of the oil and gas company's stock valued at $67,000 after buying an additional 2,128 shares in the last quarter. Finally, EntryPoint Capital LLC grew its position in shares of Ecopetrol by 14.9% in the 4th quarter. EntryPoint Capital LLC now owns 16,975 shares of the oil and gas company's stock valued at $134,000 after buying an additional 2,197 shares during the last quarter.

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.