Ecopetrol Target of Unusually High Options Trading (NYSE:EC)

Ecopetrol SA (NYSE: EC) saw some unusual options traded on Friday. Traders purchased 3,415 call options in the company. This is an increase of about 1.574% compared to the average volume of 204 call options.

Hedge funds recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV raised its stakes in shares of Ecopetrol by 7.2% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 13,350 shares of the oil and gas company’s stock valued at $192,000 after purchasing an additional 901 shares during the period. Advisor Group Holdings Inc. raised Its stake in Ecopetrol increased by 8.7% in the 3rd quarter. Advisor Group Holdings Inc. Now 11,308 shares of the oil and gas company’s stock are valued at $162,000 after purchasing an additional 904 shares during this period. Citigroup Inc raised its stakes in shares of Ecopetrol by 5.8% in the second quarter. Citigroup Inc. owns. Now 19,941 shares of the oil and gas company’s stock are valued at $292,000 after it purchased an additional 1,091 shares during this period. Crossmark Global Holdings Inc. Its stakes in shares of Ecopetrol increased by 6.9% in the 3rd quarter. Crossmark Global Holdings Inc. Now 18,805 shares of the oil and gas company’s stock are worth $270,000 after purchasing an additional 1,220 shares during this period. Finally, American Century Companies Inc. Its stakes in shares of Ecopetrol increased by 7.1% in the second quarter. American Century Companies Inc. Now 2,306 shares of the oil and gas company’s stock are valued at $336,000 after purchasing an additional 1,525 shares during this period. Institutional investors own 1.26% of the company’s stock.

A number of research firms have issued reports on the European Commission. JPMorgan Chase & Co. downgraded Ecopetrol from “neutral” to “underweight” and set a target price of $16.50 per share. In a research report on Monday, November 29. Goldman Sachs lowered Ecopetrol from a “buy” rating to a “neutral” rating and set a target price of $14.70 per share. In a research report on Wednesday, December 15th. Zacks Investment Research upgraded Ecopetrol from a “strong sell” rating to a “hold” rating in a research report released on Monday. Finally, TheStreet lowered Ecopetrol’s rating from a “b-” rating to a “c” rating in a research report on Wednesday, December 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.40.

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New York Stock Exchange: EC traded down $0.19 during mid-day trading on Friday, reaching $14.36. 122,844 shares were traded, compared to an average trading volume of 772,599. The company has a 50-day simple moving average of $13.55 and a 200-day simple moving average of $13.90. The stock has a market capitalization of $29.52 billion, a P/E ratio of 9.90, a P/E ratio of 0.14 and a beta of 1.79. The company has a quick ratio of 1.36, a trading ratio of 1.69 and a debt-to-equity ratio of 0.89. Ecopetrol has a one-year low of $11.37 and a one-year high of $15.91.

Ecopetrol (NYSE:EC) released its latest quarterly earnings results on Tuesday, November 9th. The oil and gas company reported earnings of $0.48 per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 ($0.11). The company generated $6.07 billion in revenue for the quarter, compared to analyst expectations of $6.06 billion. Ecopetrol has a return on equity of 8.55% and a net margin of 15.03%. As a group, research analysts expect Ecopetrol to post 2.07 EPS for the current year.

Ecopetrol Company Profile

Ecopetrol SA is engaged in the exploration, development and production of crude oil and natural gas. It operates through the following sectors: exploration and production, transportation and logistics, and refining and petrochemicals. The Exploration and Production segment deals with oil and gas exploration and production activities.

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