GAMMA Investing LLC Has $124,000 Stock Position in Ecopetrol S.A. (NYSE:EC)

GAMMA Investing LLC boosted its holdings in shares of Ecopetrol S.A. (NYSE:EC) by 232.9% in the 4th quarter, Holdings Channel reports. The firm owned 15,673 shares of the oil and gas company’s stock after buying an additional 10,965 shares during the period. GAMMA Investing LLC’s holdings in Ecopetrol were worth $124,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Headlands Technologies LLC bought a new position in Ecopetrol during the 2nd quarter worth $357,000. American Century Companies Inc. increased its stake in shares of Ecopetrol by 6.0% in the 2nd quarter. American Century Companies Inc. now owns 272,126 shares of the oil and gas company’s stock valued at $3,045,000 after acquiring an additional 15,467 shares in the last quarter. Barings LLC acquired a new position in shares of Ecopetrol during the 2nd quarter valued at $1,830,000. Rathbones Group PLC acquired a new position in shares of Ecopetrol during the second quarter valued at about $172,000. Finally, Capital Wealth Planning LLC raised its stake in Ecopetrol by 7.0% during the 2nd quarter. Capital Wealth Planning LLC now owns 222,706 shares of the oil and gas company’s stock worth $2,492,000 after buying an additional 14,476 shares during the period.

Ecopetrol Stock Down 0.8 %

Shares of NYSE EC opened at $8.48 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.48 and a debt-to-equity ratio of 1.00. The company has a market cap of $17.43 billion, a P/E ratio of 3.74 and a beta of 1.19. Ecopetrol S.A. has a 52 week low of $7.21 and a 52 week high of $12.90. The business has a 50-day simple moving average of $7.92 and a two-hundred day simple moving average of $9.14.

Analysts Set New Price Targets

EC has been the topic of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Ecopetrol from $8.50 to $7.50 and set an “underweight” rating on the stock in a report on Wednesday, October 30th. StockNews.com cut Ecopetrol from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, The Goldman Sachs Group cut their price objective on shares of Ecopetrol from $11.00 to $9.50 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to data from MarketBeat, Ecopetrol presently has a consensus rating of “Reduce” and a consensus 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.