Dimensional Fund Advisors LP lessened its stake in Ecopetrol S.A. (NYSE:EC) by 5.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,526,993 shares of the oil and gas company’s stock after selling 91,354 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.07% of Ecopetrol worth $13,876,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its holdings in shares of Ecopetrol by 16.5% in the second quarter. Renaissance Technologies LLC now owns 6,262,700 shares of the oil and gas company’s stock worth $56,928,000 after buying an additional 887,100 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Ecopetrol by 5.6% in the second quarter. Vanguard Group Inc. now owns 3,319,861 shares of the oil and gas company’s stock worth $30,178,000 after buying an additional 175,934 shares in the last quarter. Harding Loevner LP lifted its holdings in shares of Ecopetrol by 16.3% in the second quarter. Harding Loevner LP now owns 1,064,010 shares of the oil and gas company’s stock worth $9,672,000 after buying an additional 149,300 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Ecopetrol by 2.1% in the second quarter. Lazard Asset Management LLC now owns 882,515 shares of the oil and gas company’s stock worth $8,021,000 after buying an additional 17,891 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Ecopetrol by 67.3% in the first quarter. Morgan Stanley now owns 588,394 shares of the oil and gas company’s stock worth $5,482,000 after buying an additional 236,599 shares in the last quarter. 2.15% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on the stock. BidaskClub raised shares of Ecopetrol from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. ValuEngine upgraded shares of Ecopetrol from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research cut shares of Ecopetrol from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, J P Morgan Chase & Co upgraded shares of Ecopetrol from an “underweight” rating to a “neutral” rating and set a $9.00 price target on the stock in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Ecopetrol presently has an average rating of “Hold” and a consensus price target of $10.20.

COPYRIGHT VIOLATION NOTICE: This piece was posted by Daily Political and is owned by of Daily Political. If you are reading this piece on another website, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this piece can be accessed at https://www.dailypolitical.com/2017/11/14/ecopetrol-s-a-ec-shares-sold-by-dimensional-fund-advisors-lp.html.

Shares of Ecopetrol S.A. (NYSE EC) opened at $11.86 on Tuesday. Ecopetrol S.A. has a 1 year low of $7.84 and a 1 year high of $12.30. The firm has a market cap of $24,752.26, a price-to-earnings ratio of 27.36, a P/E/G ratio of 0.37 and a beta of 1.12. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.37 and a quick ratio of 1.07.

About Ecopetrol

Ecopetrol SA is an oil company. The Company operates in Colombia, Peru, Brazil and the United States Gulf Coast. The Company’s segments include Exploration and Production, Transportation and Logistics, and Refining, Petrochemicals and Biofuels. The Company’s Exploration and Production segment includes exploration, development and production activities in Colombia and abroad.

Institutional Ownership by Quarter for Ecopetrol (NYSE:EC)

Receive News & Ratings for Ecopetrol S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecopetrol S.A. and related companies with MarketBeat.com's FREE daily email newsletter.