Dynamic Technology Lab Private Ltd decreased its position in shares of Ecopetrol SA (NYSE:EC) by 42.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,252 shares of the company’s stock after selling 18,913 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Ecopetrol SA were worth $242,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of EC. Wellington Management Group LLP raised its stake in Ecopetrol SA by 13.5% in the first quarter. Wellington Management Group LLP now owns 7,218,958 shares of the company’s stock valued at $62,155,000 after buying an additional 856,383 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Ecopetrol SA by 32.3% in the first quarter. Renaissance Technologies LLC now owns 4,349,000 shares of the company’s stock valued at $37,445,000 after buying an additional 1,061,700 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of Ecopetrol SA during the second quarter valued at $30,316,000. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Ecopetrol SA by 4,381.5% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,410,685 shares of the company’s stock valued at $23,046,000 after buying an additional 2,356,893 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Ecopetrol SA by 10.5% in the second quarter. JPMorgan Chase & Co. now owns 2,219,432 shares of the company’s stock valued at $21,218,000 after buying an additional 210,799 shares during the last quarter. 2.26% of the stock is owned by institutional investors and hedge funds.
Ecopetrol SA (NYSE:EC) opened at 8.39 on Monday. Ecopetrol SA has a 12-month low of $5.16 and a 12-month high of $10.76. The firm’s 50-day moving average price is $8.80 and its 200 day moving average price is $9.02. The stock’s market capitalization is $17.25 billion.
Several equities research analysts have recently weighed in on the company. Morgan Stanley upgraded Ecopetrol SA from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $6.50 to $9.50 in a report on Thursday, July 7th. Zacks Investment Research upgraded Ecopetrol SA from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Thursday, July 7th. Finally, Tudor Pickering upgraded Ecopetrol SA from a “sell” rating to a “hold” rating in a report on Friday, September 9th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $9.83.
About Ecopetrol SA
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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