OMERS ADMINISTRATION Corp increased its stake in Ecopetrol SA (NYSE:EC) by 196.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 233,600 shares of the oil and gas company’s stock after buying an additional 154,900 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Ecopetrol were worth $4,800,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UBS Group AG increased its position in Ecopetrol by 203.3% during the 1st quarter. UBS Group AG now owns 79,417 shares of the oil and gas company’s stock worth $1,535,000 after buying an additional 53,237 shares during the period. Navellier & Associates Inc increased its position in shares of Ecopetrol by 39.2% in the first quarter. Navellier & Associates Inc now owns 114,370 shares of the oil and gas company’s stock worth $2,211,000 after purchasing an additional 32,220 shares during the period. New York State Common Retirement Fund increased its position in shares of Ecopetrol by 28.9% in the first quarter. New York State Common Retirement Fund now owns 292,480 shares of the oil and gas company’s stock worth $5,654,000 after purchasing an additional 65,573 shares during the period. Profund Advisors LLC bought a new position in shares of Ecopetrol in the first quarter worth $452,000. Finally, Atria Investments LLC increased its position in shares of Ecopetrol by 32.3% in the second quarter. Atria Investments LLC now owns 21,663 shares of the oil and gas company’s stock worth $445,000 after purchasing an additional 5,289 shares during the period. 3.43% of the stock is owned by institutional investors.

Ecopetrol stock opened at $22.10 on Friday. Ecopetrol SA has a 12-month low of $9.02 and a 12-month high of $23.34. The company has a current ratio of 1.45, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $44.78 billion, a price-to-earnings ratio of 15.56, a price-to-earnings-growth ratio of 0.72 and a beta of 1.25.

A number of research analysts recently commented on EC shares. HSBC upgraded Ecopetrol from a “reduce” rating to a “hold” rating in a research report on Thursday, May 24th. Zacks Investment Research cut Ecopetrol from a “buy” rating to a “hold” rating in a research report on Monday, May 7th. ValuEngine cut Ecopetrol from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Finally, Citigroup upgraded Ecopetrol from a “sell” rating to a “neutral” rating in a research report on Thursday, August 2nd. Five investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $16.00.

Ecopetrol Profile

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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Institutional Ownership by Quarter for Ecopetrol (NYSE:EC)

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