UBS Group AG decreased its position in Ecopetrol S.A. (NYSE:EC) by 3.2% during the first quarter, Holdings Channel reports. The fund owned 148,265 shares of the oil and gas company’s stock after selling 4,943 shares during the period. UBS Group AG’s holdings in Ecopetrol were worth $1,383,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Nationwide Fund Advisors raised its stake in shares of Ecopetrol by 145.7% in the first quarter. Nationwide Fund Advisors now owns 403,400 shares of the oil and gas company’s stock valued at $3,760,000 after buying an additional 239,200 shares in the last quarter. Karp Capital Management Corp purchased a new stake in shares of Ecopetrol during the first quarter valued at about $2,159,000. Deprince Race & Zollo Inc. purchased a new stake in shares of Ecopetrol during the first quarter valued at about $1,669,000. Vanguard Group Inc. raised its stake in shares of Ecopetrol by 5.6% in the first quarter. Vanguard Group Inc. now owns 3,143,927 shares of the oil and gas company’s stock valued at $29,301,000 after buying an additional 166,225 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Ecopetrol by 53.6% in the first quarter. Acadian Asset Management LLC now owns 468,837 shares of the oil and gas company’s stock valued at $4,369,000 after buying an additional 163,561 shares in the last quarter. Hedge funds and other institutional investors own 2.24% of the company’s stock.

Ecopetrol S.A. (NYSE EC) opened at 9.27 on Friday. 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 price of $9.34 and a 200 day moving average price of $9.28. The company has a market capitalization of $19.06 billion, a P/E ratio of 19.31 and a beta of 1.04.

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Several equities research analysts have recently issued reports on the company. BidaskClub upgraded Ecopetrol from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Zacks Investment Research raised Ecopetrol from a “strong sell” rating to a “hold” rating in a research note on Monday, May 8th. Scotiabank downgraded Ecopetrol from an “outperform” rating to a “sector perform” rating in a research note on Thursday, June 29th. Morgan Stanley downgraded Ecopetrol from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $9.40 to $8.00 in a research note on Wednesday, May 31st. Finally, HSBC Holdings plc raised Ecopetrol from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Monday, June 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $10.25.

Ecopetrol Company Profile

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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