Ecopetrol SA (EC) Shares Bought by Bank of New York Mellon Corp
Bank of New York Mellon Corp grew its holdings in shares of Ecopetrol SA (NYSE:EC) by 6.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 265,703 shares of the oil and gas company’s stock after acquiring an additional 15,602 shares during the quarter. Bank of New York Mellon Corp’s holdings in Ecopetrol were worth $7,155,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of EC. Checchi Capital Advisers LLC bought a new stake in Ecopetrol in the 3rd quarter worth approximately $218,000. Mckinley Capital Management LLC Delaware bought a new stake in Ecopetrol in the 3rd quarter worth approximately $252,000. Regal Investment Advisors LLC bought a new stake in Ecopetrol in the 3rd quarter worth approximately $306,000. Greenleaf Trust lifted its position in Ecopetrol by 23.1% in the 3rd quarter. Greenleaf Trust now owns 14,502 shares of the oil and gas company’s stock worth $391,000 after buying an additional 2,719 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Ecopetrol in the 3rd quarter worth approximately $671,000. Hedge funds and other institutional investors own 2.97% of the company’s stock.
Shares of Ecopetrol stock opened at $18.44 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.33. The company has a market capitalization of $37.81 billion, a price-to-earnings ratio of 16.92, a P/E/G ratio of 0.63 and a beta of 1.51. Ecopetrol SA has a one year low of $15.25 and a one year high of $27.96.
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Ecopetrol SA operates as an integrated oil and gas company. It operates through three segments: Exploration and Production; Refining, Petrochemical, and Biofuels; and Transport and Logistics. The company produces crude oil and gas; and engages in the extraction, collection, treatment, storage and pumping or compression of hydrocarbons.
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