27,453 Shares in Ecopetrol S.A. (NYSE:EC) Acquired by Triumph Capital Management

Triumph Capital Management bought a new position in Ecopetrol S.A. (NYSE:EC) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 27,453 shares of the oil and gas company’s stock, valued at approximately $327,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new position in shares of Ecopetrol in the fourth quarter valued at $85,000. QRG Capital Management Inc. bought a new stake in Ecopetrol in the third quarter worth $131,000. Avantax Advisory Services Inc. bought a new stake in Ecopetrol in the third quarter worth $158,000. Anfield Capital Management LLC bought a new stake in Ecopetrol in the third quarter worth $185,000. Finally, Private Advisor Group LLC lifted its position in Ecopetrol by 76.2% in the third quarter. Private Advisor Group LLC now owns 21,332 shares of the oil and gas company’s stock worth $247,000 after buying an additional 9,225 shares during the last quarter.

Ecopetrol Trading Down 1.0 %

EC opened at $11.49 on Thursday. The business’s 50-day moving average is $11.46 and its two-hundred day moving average is $11.90. Ecopetrol S.A. has a 1 year low of $8.59 and a 1 year high of $13.14. The company has a current ratio of 1.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.90.

Ecopetrol (NYSE:EC) last posted its earnings results on Thursday, April 18th. The oil and gas company reported $0.74 earnings per share (EPS) for the quarter. Ecopetrol had a return on equity of 10.84% and a net margin of 14.77%. The company had revenue of $8.59 billion for the quarter. Sell-side analysts anticipate that Ecopetrol S.A. will post 2.77 EPS for the current fiscal year.

Ecopetrol Cuts Dividend

The business also recently announced a — dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Tuesday, June 25th will be paid a $0.7999 dividend. The ex-dividend date is Tuesday, June 25th. This represents a yield of 19.5%. Ecopetrol’s dividend payout ratio (DPR) is presently 92.44%.

Analyst Ratings Changes

EC has been the subject of a number of analyst reports. Morgan Stanley downgraded Ecopetrol from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $11.00 to $8.50 in a research report on Monday, March 4th. JPMorgan Chase & Co. lowered their price target on Ecopetrol from $12.50 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, February 20th. Finally, The Goldman Sachs Group raised their price target on Ecopetrol from $10.30 to $11.90 and gave the stock a “neutral” rating in a research report on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $11.27.

Ecopetrol Profile

Ecopetrol SA operates as an integrated energy company. The company operates through four segments: Exploration and Production; Transport and Logistics; Refining, Petrochemical and Biofuels; and Electric Power Transmission and Toll Roads Concessions. It engages in the exploration and production of oil and gas; transportation of crude oil, motor fuels, fuel oil, and other refined products, including diesel, jet, and biofuels; processing and refining crude oil; distribution of natural gas and LPG; sale of refined and petrochemical products; supplying of electric power transmission services; design, development, construction, operation, and maintenance of road and energy infrastructure projects; and supplying of information technology and telecommunications services.