Deutsche Bank AG lessened its stake in shares of Ecopetrol SA (NYSE:EC) by 25.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 660,552 shares of the oil and gas company’s stock after selling 228,675 shares during the period. Deutsche Bank AG’s holdings in Ecopetrol were worth $10,487,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Ecopetrol by 12.7% in the 3rd quarter. BlackRock Inc. now owns 1,325,332 shares of the oil and gas company’s stock valued at $35,691,000 after purchasing an additional 149,455 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in shares of Ecopetrol in the 3rd quarter valued at $1,160,000. Fisher Asset Management LLC boosted its holdings in shares of Ecopetrol by 33.9% in the 4th quarter. Fisher Asset Management LLC now owns 2,329,686 shares of the oil and gas company’s stock valued at $36,995,000 after purchasing an additional 589,439 shares in the last quarter. Comerica Bank boosted its holdings in shares of Ecopetrol by 1.2% in the 4th quarter. Comerica Bank now owns 120,025 shares of the oil and gas company’s stock valued at $2,164,000 after purchasing an additional 1,367 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of Ecopetrol by 284.1% in the 3rd quarter. Jane Street Group LLC now owns 23,010 shares of the oil and gas company’s stock valued at $625,000 after purchasing an additional 35,510 shares in the last quarter.
NYSE EC opened at $20.32 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.23 and a current ratio of 1.52. Ecopetrol SA has a twelve month low of $15.25 and a twelve month high of $27.96. The firm has a market cap of $42.27 billion, a P/E ratio of 11.68, a PEG ratio of 0.67 and a beta of 1.57.
The company also recently disclosed a special dividend, which will be paid on Friday, May 3rd. Investors of record on Wednesday, April 24th will be issued a dividend of $0.3595 per share. This represents a dividend yield of 2.95%. The ex-dividend date of this dividend is Tuesday, April 23rd. Ecopetrol’s dividend payout ratio (DPR) is 35.06%.
A number of equities research analysts have weighed in on EC shares. Santander raised Ecopetrol from an “underperform” rating to a “hold” rating in a report on Wednesday, March 6th. Zacks Investment Research raised Ecopetrol from a “strong sell” rating to a “hold” rating in a report on Friday, February 15th. ValuEngine raised Ecopetrol from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, JPMorgan Chase & Co. raised Ecopetrol from an “underweight” rating to a “neutral” rating and set a $20.00 price objective on the stock in a report on Friday, April 5th. Eight equities research analysts have rated the stock with a hold rating, Ecopetrol presently has an average rating of “Hold” and a consensus price target of $23.33.
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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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