Wetherby Asset Management Inc. Has $409,000 Holdings in Ecopetrol SA (NYSE:EC)

Wetherby Asset Management Inc. lifted its stake in shares of Ecopetrol SA (NYSE:EC) by 3.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,025 shares of the oil and gas company’s stock after buying an additional 901 shares during the period. Wetherby Asset Management Inc.’s holdings in Ecopetrol were worth $409,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Cadence Capital Management LLC increased its stake in shares of Ecopetrol by 6.5% during the 2nd quarter. Cadence Capital Management LLC now owns 12,638 shares of the oil and gas company’s stock worth $231,000 after purchasing an additional 768 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Ecopetrol by 56.8% during the 3rd quarter. Pacer Advisors Inc. now owns 4,145 shares of the oil and gas company’s stock worth $71,000 after acquiring an additional 1,501 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Ecopetrol by 5.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 37,130 shares of the oil and gas company’s stock worth $632,000 after acquiring an additional 2,073 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Ecopetrol by 53.5% during the 2nd quarter. US Bancorp DE now owns 7,452 shares of the oil and gas company’s stock worth $136,000 after acquiring an additional 2,598 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Ecopetrol by 25.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,491 shares of the oil and gas company’s stock worth $247,000 after acquiring an additional 2,724 shares during the last quarter. Institutional investors own 2.62% of the company’s stock.

A number of analysts have recently issued reports on EC shares. Citigroup downgraded shares of Ecopetrol from a “buy” rating to a “neutral” rating and set a $19.80 price objective for the company. in a report on Friday, November 1st. HSBC raised shares of Ecopetrol from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $21.00 to $20.50 in a report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $20.10.

Shares of NYSE:EC opened at $18.93 on Friday. The stock has a market cap of $39.14 billion, a PE ratio of 10.88, a PEG ratio of 0.60 and a beta of 1.61. The company’s fifty day moving average is $17.54 and its 200 day moving average is $17.63. Ecopetrol SA has a 52 week low of $15.21 and a 52 week high of $23.24. The company has a quick ratio of 1.05, a current ratio of 1.36 and a debt-to-equity ratio of 0.58.

Ecopetrol Profile

Ecopetrol SA operates as an integrated oil and gas company. The company operates through three segments: Exploration and Production; Transport and Logistics; and Refining, Petrochemical, and Biofuels. It produces crude oil and gas; and engages in the extraction, collection, treatment, storage, commercialization, and pumping.

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Institutional Ownership by Quarter for Ecopetrol (NYSE:EC)

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