Fox Run Management L.L.C. Makes New Investment in Ecopetrol S.A. $EC

Fox Run Management L.L.C. purchased a new stake in shares of Ecopetrol S.A. (NYSE:EC) during the first quarter, Holdings Channel.com reports. The firm purchased 15,615 shares of the oil and gas company’s stock, valued at approximately $163,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blume Capital Management Inc. purchased a new stake in shares of Ecopetrol during the first quarter valued at $28,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Ecopetrol during the 1st quarter worth about $46,000. Public Employees Retirement System of Ohio purchased a new stake in Ecopetrol during the 4th quarter valued at about $97,000. FORA Capital LLC purchased a new stake in Ecopetrol during the 4th quarter valued at about $105,000. Finally, Avantax Advisory Services Inc. acquired a new position in shares of Ecopetrol in the first quarter valued at about $106,000.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Ecopetrol from a “strong sell” rating to a “hold” rating in a report on Friday, August 15th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.00.

Ecopetrol Stock Up 0.3%

Shares of EC opened at $8.9250 on Thursday. The company has a market capitalization of $18.35 billion, a price-to-earnings ratio of 5.87 and a beta of 0.83. Ecopetrol S.A. has a 52 week low of $7.21 and a 52 week high of $11.05. The stock’s 50-day moving average price is $8.95 and its 200-day moving average price is $9.17.

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.