Sei Investments Co. decreased its holdings in Ecopetrol SA (NYSE:EC) by 9.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 330,725 shares of the oil and gas company’s stock after selling 34,005 shares during the quarter. Sei Investments Co.’s holdings in Ecopetrol were worth $6,796,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. NewSquare Capital LLC purchased a new position in Ecopetrol in the second quarter worth $177,000. BNP Paribas Arbitrage SA grew its holdings in Ecopetrol by 770.6% in the second quarter. BNP Paribas Arbitrage SA now owns 8,619 shares of the oil and gas company’s stock valued at $177,000 after purchasing an additional 7,629 shares during the last quarter. Atlas Capital Advisors LLC grew its holdings in Ecopetrol by 1,097.1% in the second quarter. Atlas Capital Advisors LLC now owns 9,014 shares of the oil and gas company’s stock valued at $186,000 after purchasing an additional 8,261 shares during the last quarter. Banco de Sabadell S.A acquired a new stake in Ecopetrol in the first quarter valued at $184,000. Finally, Capital Investment Advisory Services LLC acquired a new stake in Ecopetrol in the second quarter valued at $205,000. Hedge funds and other institutional investors own 3.43% of the company’s stock.

Ecopetrol stock opened at $22.10 on Friday. 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 firm has a market capitalization of $44.78 billion, a price-to-earnings ratio of 15.56, a PEG ratio of 0.72 and a beta of 1.25. Ecopetrol SA has a fifty-two week low of $9.02 and a fifty-two week high of $23.34.

Several analysts have weighed in on the company. HSBC raised Ecopetrol from a “reduce” rating to a “hold” rating in a report on Thursday, May 24th. ValuEngine lowered Ecopetrol from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. Citigroup raised Ecopetrol from a “sell” rating to a “neutral” rating in a report on Thursday, August 2nd. Finally, Zacks Investment Research raised Ecopetrol from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a report on Tuesday, July 10th. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price 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.

Recommended Story: Google Finance

Institutional Ownership by Quarter for Ecopetrol (NYSE:EC)

Receive News & Ratings for Ecopetrol Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecopetrol and related companies with MarketBeat.com's FREE daily email newsletter.