Ecopetrol SA (EC) Shares Down 4.1%
Shares of Ecopetrol SA (NYSE:EC) were down 4.1% during trading on Monday . The company traded as low as $8.18 and last traded at $8.20, with a volume of 537,775 shares traded. The stock had previously closed at $8.55.
A number of analysts have recently commented on EC shares. Zacks Investment Research cut shares of Ecopetrol SA from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. Morgan Stanley raised shares of Ecopetrol SA from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $6.50 to $9.50 in a research note on Thursday, July 7th. Three analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $9.13.
The firm’s market capitalization is $16.21 billion. The stock’s 50 day moving average is $9.22 and its 200 day moving average is $8.49.
An institutional investor recently raised its position in Ecopetrol SA stock. Advisors Asset Management Inc. increased its stake in shares of Ecopetrol SA (NYSE:EC) by 12.8% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 240,997 shares of the company’s stock after buying an additional 27,358 shares during the period. Advisors Asset Management Inc.’s holdings in Ecopetrol SA were worth $1,689,000 at the end of the most recent reporting period.
Ecopetrol SA is an oil company. The Company’s business segments include Exploration and Production; Transportation and Logistics, and Refining, Petrochemicals, and Biofuels. The Exploration and Production business segment includes exploration, development and production activities in Colombia and abroad.
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