Ecopetrol SA (EC) Trading 3.4% Higher
Shares of Ecopetrol SA (NYSE:EC) traded up 3.4% on Tuesday . The stock traded as high as $8.78 and last traded at $8.76, with a volume of 797,762 shares changing hands. The stock had previously closed at $8.47.
EC has been the topic of a number of research reports. Zacks Investment Research cut shares of Ecopetrol SA from a “buy” rating to a “hold” rating in a report on Monday, July 11th. Morgan Stanley upgraded shares of Ecopetrol SA from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $6.50 to $9.50 in a report on Thursday, July 7th. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $9.13.
The stock’s market cap is $17.95 billion. The stock has a 50-day moving average price of $8.90 and a 200 day moving average price of $8.63.
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 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the SEC.
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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