LPL Financial LLC lifted its holdings in shares of Ecopetrol S.A. (NYSE:EC - Free Report) by 89.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,071 shares of the oil and gas company's stock after acquiring an additional 45,324 shares during the quarter. LPL Financial LLC's holdings in Ecopetrol were worth $761,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in EC. Lindbrook Capital LLC boosted its stake in shares of Ecopetrol by 317.5% in the fourth quarter. Lindbrook Capital LLC now owns 4,784 shares of the oil and gas company's stock valued at $38,000 after purchasing an additional 3,638 shares during the period. Platinum Investment Management Ltd. acquired a new stake in shares of Ecopetrol during the fourth quarter valued at about $44,000. Blue Trust Inc. grew its stake in shares of Ecopetrol by 33.5% during the fourth quarter. Blue Trust Inc. now owns 8,480 shares of the oil and gas company's stock valued at $67,000 after acquiring an additional 2,128 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Ecopetrol in the fourth quarter worth about $86,000. Finally, Signaturefd LLC increased its holdings in 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 purchasing an additional 1,271 shares during the last quarter.
Ecopetrol Stock Down 0.3 %
EC stock opened at $9.03 on Wednesday. The firm has a fifty day moving average price of $9.73 and a two-hundred day moving average price of $8.79. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.68 and a quick ratio of 1.38. Ecopetrol S.A. has a 1-year low of $7.21 and a 1-year high of $12.67. The firm has a market cap of $18.55 billion, a price-to-earnings ratio of 4.32 and a beta of 0.86.
Ecopetrol Cuts Dividend
The firm also recently disclosed an annual dividend, which will be paid on Tuesday, May 6th. Investors of record on Monday, April 28th will be paid a dividend of $0.5202 per share. The ex-dividend date is Monday, April 28th. This represents a yield of 34.2%. Ecopetrol's dividend payout ratio (DPR) is 79.90%.
Analyst Upgrades and Downgrades
EC has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised shares of Ecopetrol from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $7.50 to $9.50 in a research report on Thursday, February 13th. Citigroup raised shares of 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 report on Tuesday, February 18th. Finally, StockNews.com cut shares of Ecopetrol from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $11.00.
Read Our Latest Stock Report on Ecopetrol
Ecopetrol Profile
(
Free Report)
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.
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