KCG Holdings Inc. purchased a new stake in Ecopetrol S.A. (NYSE:EC) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 13,836 shares of the oil and gas company’s stock, valued at approximately $129,000.

Other institutional investors also recently added to or reduced their stakes in the company. Bailard Inc. raised its position in Ecopetrol by 1.3% in the first quarter. Bailard Inc. now owns 20,250 shares of the oil and gas company’s stock valued at $189,000 after buying an additional 250 shares during the period. Envestnet Asset Management Inc. raised its position in Ecopetrol by 5.5% in the first quarter. Envestnet Asset Management Inc. now owns 13,951 shares of the oil and gas company’s stock valued at $130,000 after buying an additional 729 shares during the period. Comerica Bank raised its position in Ecopetrol by 1.3% in the first quarter. Comerica Bank now owns 118,064 shares of the oil and gas company’s stock valued at $1,070,000 after buying an additional 1,531 shares during the period. Princeton Alpha Management LP raised its position in Ecopetrol by 10.1% in the first quarter. Princeton Alpha Management LP now owns 17,831 shares of the oil and gas company’s stock valued at $166,000 after buying an additional 1,634 shares during the period. Finally, World Asset Management Inc raised its position in Ecopetrol by 1.5% in the first quarter. World Asset Management Inc now owns 128,100 shares of the oil and gas company’s stock valued at $1,194,000 after buying an additional 1,843 shares during the period. 2.22% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ecopetrol S.A. (EC) traded up 0.22% during midday trading on Thursday, hitting $9.31. The stock had a trading volume of 50,038 shares. Ecopetrol S.A. has a 12-month low of $7.65 and a 12-month high of $10.36. The firm has a 50-day moving average of $9.10 and a 200 day moving average of $9.26. The firm has a market cap of $19.14 billion, a PE ratio of 19.40 and a beta of 1.05.

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Several equities analysts recently commented on the company. Scotiabank lowered Ecopetrol from an “outperform” rating to a “sector perform” rating in a research report on Thursday, June 29th. BidaskClub upgraded Ecopetrol from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th. ValuEngine upgraded Ecopetrol from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded Ecopetrol from a “strong sell” rating to a “hold” rating in a report on Monday, May 8th. Finally, Morgan Stanley downgraded Ecopetrol from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $9.40 to $8.00 in a report on Wednesday, May 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $10.25.

About Ecopetrol

Ecopetrol SA is an oil company. The Company operates in Colombia, Peru, Brazil and the United States Gulf Coast. The Company’s segments include Exploration and Production, Transportation and Logistics, and Refining, Petrochemicals and Biofuels. The Company’s Exploration and Production segment includes exploration, development and production activities in Colombia and abroad.

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Institutional Ownership by Quarter for Ecopetrol (NYSE:EC)

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