Panagora Asset Management Inc. Grows Position in Ecopetrol SA (NYSE:EC)
Panagora Asset Management Inc. lifted its position in shares of Ecopetrol SA (NYSE:EC) by 58.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,724 shares of the oil and gas company’s stock after purchasing an additional 26,900 shares during the quarter. Panagora Asset Management Inc.’s holdings in Ecopetrol were worth $1,330,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently modified their holdings of EC. OMERS ADMINISTRATION Corp grew its holdings in Ecopetrol by 62.8% in the second quarter. OMERS ADMINISTRATION Corp now owns 246,600 shares of the oil and gas company’s stock worth $4,572,000 after purchasing an additional 95,100 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Ecopetrol by 90.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 142,350 shares of the oil and gas company’s stock worth $2,620,000 after buying an additional 67,659 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Ecopetrol by 17.9% in the 2nd quarter. Wells Fargo & Company MN now owns 47,035 shares of the oil and gas company’s stock worth $860,000 after buying an additional 7,138 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Ecopetrol by 16.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 35,057 shares of the oil and gas company’s stock worth $641,000 after buying an additional 4,874 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in Ecopetrol by 235.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 18,989 shares of the oil and gas company’s stock valued at $347,000 after buying an additional 13,329 shares in the last quarter. 2.63% of the stock is currently owned by institutional investors.
NYSE:EC traded down $0.10 during trading hours on Wednesday, reaching $17.07. 10,044 shares of the company traded hands, compared to its average volume of 632,793. The company has a current ratio of 1.26, a quick ratio of 0.96 and a debt-to-equity ratio of 0.59. The business’s 50-day moving average price is $16.64 and its two-hundred day moving average price is $18.64. Ecopetrol SA has a 1 year low of $15.21 and a 1 year high of $27.96. The stock has a market capitalization of $35.26 billion, a P/E ratio of 9.97, a P/E/G ratio of 0.50 and a beta of 1.57.
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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