Compound Planning Inc. Makes New $665,000 Investment in Ecopetrol S.A. $EC

Compound Planning Inc. purchased a new position in shares of Ecopetrol S.A. (NYSE:EC) during the first quarter, HoldingsChannel reports. The fund purchased 44,341 shares of the oil and gas company’s stock, valued at approximately $665,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC bought a new stake in shares of Ecopetrol in the 2nd quarter valued at $25,000. ORG Partners LLC raised its stake in Ecopetrol by 301.3% during the 4th quarter. ORG Partners LLC now owns 2,568 shares of the oil and gas company’s stock worth $26,000 after buying an additional 1,928 shares during the period. Farther Finance Advisors LLC lifted its holdings in Ecopetrol by 221.4% during the fourth quarter. Farther Finance Advisors LLC now owns 3,898 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 2,685 shares in the last quarter. Advisory Services Network LLC bought a new position in Ecopetrol during the third quarter worth about $40,000. Finally, Inspire Investing LLC acquired a new position in Ecopetrol in the fourth quarter valued at about $88,000.

Analyst Ratings Changes

EC has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price target on Ecopetrol from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, June 1st. Wall Street Zen cut Ecopetrol from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. UBS Group boosted their price objective on Ecopetrol from $13.50 to $14.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Zacks Research cut Ecopetrol from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, Weiss Ratings upgraded shares of Ecopetrol from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 29th. Seven investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Ecopetrol has an average rating of “Reduce” and a consensus price target of $13.14.

Ecopetrol Stock Up 0.3%

EC stock opened at $15.85 on Wednesday. The company has a current ratio of 1.55, a quick ratio of 1.30 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $32.59 billion, a PE ratio of 12.39, a PEG ratio of 0.66 and a beta of 0.45. Ecopetrol S.A. has a 1-year low of $8.27 and a 1-year high of $17.75. The business’s 50 day simple moving average is $15.41 and its 200 day simple moving average is $13.95.

Ecopetrol (NYSE:EC) last released its quarterly earnings data on Tuesday, March 31st. The oil and gas company reported $0.50 EPS for the quarter. Ecopetrol had a net margin of 8.84% and a return on equity of 12.38%. As a group, research analysts anticipate that Ecopetrol S.A. will post 2.05 EPS for the current year.

About Ecopetrol

Ecopetrol SA (NYSE: EC) is Colombia’s state-controlled integrated oil and gas company and the country’s largest oil producer. The company’s operations span the upstream, midstream and downstream segments of the hydrocarbon value chain, including exploration and production of crude oil and natural gas, refining of petroleum products, transportation and storage via pipeline networks, and the marketing and sale of fuels and petrochemical feedstocks. Ecopetrol serves domestic demand in Colombia and maintains a portfolio of international investments and partnerships across the Americas.

In upstream activities, Ecopetrol focuses on exploration and development of onshore and offshore fields to sustain and grow hydrocarbon production.