Stokes Family Office LLC Purchases 10,000 Shares of Ecopetrol S.A. (NYSE:EC)

Stokes Family Office LLC raised its holdings in shares of Ecopetrol S.A. (NYSE:EC) by 10.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,714 shares of the oil and gas company’s stock after buying an additional 10,000 shares during the quarter. Stokes Family Office LLC’s holdings in Ecopetrol were worth $1,240,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of EC. GAMMA Investing LLC bought a new stake in shares of Ecopetrol during the 4th quarter valued at about $85,000. Citigroup Inc. lifted its position in Ecopetrol by 20.4% during the third quarter. Citigroup Inc. now owns 58,220 shares of the oil and gas company’s stock valued at $674,000 after purchasing an additional 9,878 shares during the period. Jump Financial LLC increased its position in Ecopetrol by 548.5% during the fourth quarter. Jump Financial LLC now owns 95,602 shares of the oil and gas company’s stock valued at $1,140,000 after acquiring an additional 80,860 shares during the last quarter. Natixis Advisors L.P. bought a new position in shares of Ecopetrol in the 4th quarter worth approximately $217,000. Finally, D.A. Davidson & CO. bought a new position in Ecopetrol in the 4th quarter worth $356,000.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Bank of America downgraded Ecopetrol from a “neutral” rating to an “underperform” rating in a research note on Thursday, May 30th. The Goldman Sachs Group boosted their target price on Ecopetrol from $10.30 to $11.90 and gave the company a “neutral” rating in a research report on Thursday, April 18th. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $11.27.

Ecopetrol Stock Performance

Shares of Ecopetrol stock traded down $0.01 during mid-day trading on Friday, reaching $11.19. 1,427,289 shares of the stock traded hands, compared to its average volume of 2,009,947. Ecopetrol S.A. has a fifty-two week low of $10.29 and a fifty-two week high of $13.14. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.58 and a quick ratio of 1.34. The business has a 50-day moving average of $11.78 and a 200 day moving average of $11.72.

Ecopetrol (NYSE:EC) last announced its quarterly earnings results on Wednesday, May 8th. The oil and gas company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.09). Ecopetrol had a net margin of 14.35% and a return on equity of 8.82%. The business had revenue of $7.98 billion during the quarter, compared to analyst estimates of $8.19 billion. As a group, analysts predict that Ecopetrol S.A. will post 2.54 EPS for the current year.

About Ecopetrol

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.