Anfield Capital Management LLC Cuts Stock Position in Ecopetrol S.A. (NYSE:EC)

Anfield Capital Management LLC trimmed its stake in shares of Ecopetrol S.A. (NYSE:EC) by 52.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,988 shares of the oil and gas company’s stock after selling 9,961 shares during the period. Anfield Capital Management LLC’s holdings in Ecopetrol were worth $71,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Blue Trust Inc. raised its stake in Ecopetrol by 135.5% in the 3rd quarter. Blue Trust Inc. now owns 6,352 shares of the oil and gas company’s stock valued at $57,000 after purchasing an additional 3,655 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Ecopetrol during the 4th quarter valued at about $86,000. Sage Investment Counsel LLC purchased a new position in Ecopetrol in the 4th quarter worth approximately $91,000. R Squared Ltd acquired a new position in shares of Ecopetrol during the 4th quarter worth approximately $94,000. Finally, B.O.S.S. Retirement Advisors LLC purchased a new stake in shares of Ecopetrol in the fourth quarter valued at approximately $104,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on EC shares. Citigroup upgraded Ecopetrol from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $9.00 to $14.00 in a report on Tuesday, February 18th. StockNews.com downgraded shares of Ecopetrol from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. upgraded Ecopetrol from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $7.50 to $9.50 in a report on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $10.38.

Ecopetrol Trading Down 0.3 %

Shares of NYSE EC opened at $9.89 on Friday. The company has a current ratio of 1.68, a quick ratio of 1.38 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $20.32 billion, a PE ratio of 4.73 and a beta of 1.20. Ecopetrol S.A. has a twelve month low of $7.21 and a twelve month high of $12.90. The stock has a fifty day simple moving average of $9.04 and a 200-day simple moving average of $8.78.

Ecopetrol Company 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.