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

Robeco Institutional Asset Management B.V. acquired a new stake in Ecopetrol S.A. (NYSE:EC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 99,796 shares of the oil and gas company’s stock, valued at approximately $790,000.

Several other institutional investors have also recently made changes to their positions in EC. R Squared Ltd bought a new position in shares of Ecopetrol during the 4th quarter worth approximately $94,000. Blue Trust Inc. grew its stake in shares of Ecopetrol by 33.5% in 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. B.O.S.S. Retirement Advisors LLC bought a new position in shares of Ecopetrol during the fourth quarter worth approximately $104,000. SG Americas Securities LLC acquired a new position in Ecopetrol in the 4th quarter valued at $86,000. Finally, Ballentine Partners LLC bought a new stake in Ecopetrol during the fourth quarter worth about $123,000.

Ecopetrol Price Performance

EC stock opened at $9.84 on Wednesday. The company’s 50-day moving average is $8.23 and its 200-day moving average is $8.81. The stock has a market capitalization of $20.22 billion, a PE ratio of 4.71 and a beta of 1.20. 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 $12.90.

Wall Street Analysts Forecast Growth

EC has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their target price on Ecopetrol from $8.50 to $7.50 and set an “underweight” rating for the company in a research note on Wednesday, October 30th. StockNews.com cut shares of Ecopetrol from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat, Ecopetrol currently has an average rating of “Reduce” and a consensus target price of $8.50.

About Ecopetrol

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.