It Seems Ecopetrol S.A. (EC) Will Go Up. Have Another Big Increase

February 12, 2018 - By Clifton Ray

Investors sentiment increased to 1.31 in Q3 2017. Its up 0.43, from 0.88 in 2017Q2. It improved, as 10 investors sold Ecopetrol S.A. shares while 26 reduced holdings. 19 funds opened positions while 28 raised stakes. 38.42 million shares or 2.62% less from 39.45 million shares in 2017Q2 were reported.
Fil Limited has invested 0% in Ecopetrol S.A. (NYSE:EC). Wellington Mngmt Gp Limited Liability Partnership has invested 0% in Ecopetrol S.A. (NYSE:EC). Blackrock reported 0% of its portfolio in Ecopetrol S.A. (NYSE:EC). Parametric Portfolio Associate Ltd Llc stated it has 443,840 shares or 0% of all its holdings. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0.02% invested in Ecopetrol S.A. (NYSE:EC) for 196,688 shares. Deutsche Savings Bank Ag invested in 498,394 shares or 0% of the stock. The California-based Aperio Grp Inc Limited Liability Co has invested 0.01% in Ecopetrol S.A. (NYSE:EC). 92 are held by Cornerstone Advisors. Dnb Asset Mngmt As has invested 0.01% in Ecopetrol S.A. (NYSE:EC). Kbc Group Incorporated Nv holds 27,676 shares. Goldman Sachs Grp Incorporated invested 0% in Ecopetrol S.A. (NYSE:EC). Pacad accumulated 10,500 shares or 0.02% of the stock. Sei Investments holds 3,874 shares or 0% of its portfolio. Numeric Limited Liability Company has invested 0.01% in Ecopetrol S.A. (NYSE:EC). Credit Suisse Ag reported 0% of its portfolio in Ecopetrol S.A. (NYSE:EC).

The stock of Ecopetrol S.A. (NYSE:EC) is a huge mover today! The stock increased 1.07% or $0.18 during the last trading session, reaching $16.96. About 1.18M shares traded. Ecopetrol S.A. (NYSE:EC) has risen 7.58% since February 12, 2017 and is uptrending. It has underperformed by 9.12% the S&P500.
The move comes after 6 months positive chart setup for the $33.92B company. It was reported on Feb, 12 by We have $17.81 PT which if reached, will make NYSE:EC worth $1.70B more.

Ecopetrol S.A. (NYSE:EC) Ratings Coverage

Among 8 analysts covering Ecopetrol (NYSE:EC), 2 have Buy rating, 2 Sell and 4 Hold. Therefore 25% are positive. Ecopetrol had 13 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has “Neutral” rating by JP Morgan given on Wednesday, October 25. The firm has “Buy” rating by HSBC given on Monday, June 5. J.P. Morgan upgraded the shares of EC in report on Wednesday, October 25 to “Hold” rating. The stock of Ecopetrol S.A. (NYSE:EC) earned “Buy” rating by Deutsche Bank on Wednesday, December 7. On Wednesday, August 12 the stock rating was upgraded by Deutsche Bank to “Sell”. Tudor Pickering upgraded the stock to “Hold” rating in Friday, September 9 report. The rating was upgraded by Citigroup to “Hold” on Wednesday, December 6. Deutsche Bank downgraded the stock to “Hold” rating in Tuesday, March 8 report. The stock of Ecopetrol S.A. (NYSE:EC) earned “Underperform” rating by Raymond James on Tuesday, November 28. Citigroup downgraded the shares of EC in report on Monday, February 5 to “Sell” rating.

More notable recent Ecopetrol S.A. (NYSE:EC) news were published by: which released: “Ecopetrol SA: Benefiting From Rising Oil Prices And Oil Discoveries” on January 21, 2018, also with their article: “Latin American ADRs Getting Slaughtered, Brazilian Real And Crude Continue To …” published on September 22, 2015, published: “BP Stock Is Topping Out and It Is Time to Take Your Profits” on November 10, 2017. More interesting news about Ecopetrol S.A. (NYSE:EC) were released by: and their article: “Ecopetrol SA (ADR) (NYSE:EC) Stock Consolidating” published on December 08, 2017 as well as‘s news article titled: “Ecopetrol SA ADR EC (US: NYSE)” with publication date: February 11, 2011.

Ecopetrol S.A. operates as an integrated oil company. The company has market cap of $33.92 billion. It operates through three divisions: Exploration and Production; Transport and Logistics; and Refining, Petrochemical and Biofuels. It has a 23.56 P/E ratio. The firm produces crude gas and oil; and engages in the extraction, collection, treatment, storage and pumping, or compression of hydrocarbons.

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