Henry James International Management Inc. reduced its holdings in Ecopetrol SA (NYSE:EC) by 3.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,171 shares of the oil and gas company’s stock after selling 1,895 shares during the period. Henry James International Management Inc.’s holdings in Ecopetrol were worth $936,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in EC. Lindbrook Capital LLC raised its holdings in Ecopetrol by 116.6% in the first quarter. Lindbrook Capital LLC now owns 1,315 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 708 shares during the period. Belpointe Asset Management LLC acquired a new stake in Ecopetrol in the first quarter worth $109,000. Advisors Preferred LLC acquired a new stake in Ecopetrol in the first quarter worth $110,000. Campbell & CO Investment Adviser LLC acquired a new stake in Ecopetrol in the second quarter worth $208,000. Finally, Geode Capital Management LLC acquired a new stake in Ecopetrol in the fourth quarter worth $217,000. Institutional investors and hedge funds own 2.84% of the company’s stock.

Shares of EC stock traded down $0.17 during trading hours on Friday, hitting $18.43. 381,784 shares of the company were exchanged, compared to its average volume of 522,953. The company has a 50 day moving average of $18.36. The company has a quick ratio of 0.92, a current ratio of 1.12 and a debt-to-equity ratio of 0.64. Ecopetrol SA has a 52 week low of $15.25 and a 52 week high of $27.96. The stock has a market cap of $37.89 billion, a P/E ratio of 10.59, a PEG ratio of 0.53 and a beta of 1.55.

Ecopetrol (NYSE:EC) last issued its quarterly earnings data on Tuesday, May 7th. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. Ecopetrol had a net margin of 16.56% and a return on equity of 10.58%. The company had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $4.94 billion. As a group, sell-side analysts forecast that Ecopetrol SA will post 2 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on EC. Citigroup set a $86.00 price objective on shares of Prologis and gave the stock a “buy” rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. downgraded shares of First Quantum Minerals from an “overweight” rating to a “neutral” rating in a research report on Friday, April 5th. Finally, ValuEngine raised shares of Alleghany from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $23.33.

About Ecopetrol

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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