Ecopetrol SA (EC) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its position in shares of Ecopetrol SA (NYSE:EC) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 663,344 shares of the oil and gas company’s stock after selling 21,716 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Ecopetrol were worth $10,534,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Enlightenment Research LLC bought a new stake in Ecopetrol during the fourth quarter valued at $27,000. Financial Gravity Companies Inc. bought a new stake in Ecopetrol during the fourth quarter valued at $36,000. We Are One Seven LLC bought a new stake in Ecopetrol during the fourth quarter valued at $31,000. Quantamental Technologies LLC bought a new position in shares of Ecopetrol during the 4th quarter worth about $64,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Ecopetrol by 201.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,696 shares of the oil and gas company’s stock worth $153,000 after purchasing an additional 3,807 shares in the last quarter.

EC stock opened at $19.90 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.52 and a debt-to-equity ratio of 0.60. Ecopetrol SA has a 1 year low of $15.25 and a 1 year high of $27.96.

Ecopetrol (NYSE:EC) last released its quarterly earnings data on Friday, April 5th. The oil and gas company reported $0.38 earnings per share (EPS) for the quarter. The company had revenue of $6.02 billion for the quarter. Ecopetrol had a net margin of 16.70% and a return on equity of 10.61%. As a group, equities analysts expect that Ecopetrol SA will post 1.77 earnings per share for the current fiscal year.

The firm also recently announced a special dividend, which will be paid on Friday, May 3rd. Investors of record on Wednesday, April 24th will be issued a $0.3595 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a dividend yield of 2.95%. Ecopetrol’s dividend payout ratio is presently 35.06%.

EC has been the topic of a number of research analyst reports. ValuEngine raised shares of Ecopetrol from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Santander raised shares of Ecopetrol from an “underperform” rating to a “hold” rating in a research report on Wednesday, March 6th. Zacks Investment Research cut shares of Ecopetrol from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 3rd. Finally, JPMorgan Chase & Co. raised shares of Ecopetrol from an “underweight” rating to a “neutral” rating and set a $20.00 price objective on the stock in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Ecopetrol presently has a consensus rating of “Hold” and a consensus price target of $23.33.

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Ecopetrol Profile

Ecopetrol SA operates as an integrated oil and gas company. The company operates through three segments: Exploration and Production; Transport and Logistics; and Refining, Petrochemical, and Biofuels. It produces crude oil and gas; and engages in the extraction, collection, treatment, storage, commercialization, and pumping.

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Institutional Ownership by Quarter for Ecopetrol (NYSE:EC)

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