Citigroup – Merchants Purchase Massive Quantity of Name Choices on Ecopetrol (NYSE:EC)
Ecopetrol S.A. (NYSE:EC) was the goal of some uncommon choices buying and selling exercise on Friday. Stock traders bought 5,109 name choices on the stock. This represents a rise of roughly 2,575% in comparison with the typical each day quantity of 191 name choices.
Quite a few brokerages have lately weighed in on EC. Citigroup Inc. 3% Minimal Coupon Principal Protected Primarily based Upon Russell raised their price goal on Ecopetrol from $13.00 to $14.70 in a analysis report on Friday, December 11th. Smith Barney Citigroup boosted their price goal on Ecopetrol from $13.00 to $14.70 in a report on Friday, December 11th. BidaskClub raised shares of Ecopetrol from a “maintain” ranking to a “purchase” ranking in a analysis be aware on Saturday, December 12th. JPMorgan Chase & Co. downgraded Ecopetrol from an “chubby” ranking to a “impartial” ranking and set a $14.00 price goal on the stock. in a analysis be aware on Tuesday, November 24th. Lastly, Zacks Funding Analysis minimize Ecopetrol from a “maintain” ranking to a “promote” ranking in a analysis be aware on Tuesday. One funding analyst has rated the stock with a promote ranking, two have given a maintain ranking and three have assigned a purchase ranking to the corporate’s stock. The stock has a consensus ranking of “Maintain” and a mean price goal of $13.24.
Shares of NYSE EC traded down $0.15 throughout mid-day buying and selling on Friday, hitting $13.73. The stock had a buying and selling quantity of 19,657 shares, in comparison with its common quantity of 1,107,408. The corporate has a debt-to-equity ratio of 0.83, a fast ratio of 1.00 and a present ratio of 1.25. The corporate has a 50 day shifting common of $11.54 and a two-hundred day shifting common of $11.25. The agency has a market cap of $28.23 billion, a PE ratio of 17.59 and a beta of 1.88. Ecopetrol has a twelve month low of $6.28 and a twelve month excessive of $20.95.
A number of giant traders have lately made adjustments to their positions in EC. APG Asset Administration N.V. raised its stake in shares of Ecopetrol by 6.0% throughout the 2nd quarter. APG Asset Administration N.V. now owns 1,305,000 shares of the oil and fuel firm’s stock worth $12,932,000 after shopping for a further 73,500 shares over the past quarter. Earnest Companions LLC elevated its holdings in Ecopetrol by 248.6% throughout the third quarter. Earnest Companions LLC now owns 1,024,198 shares of the oil and fuel firm’s stock worth $10,078,000 after buying a further 730,379 shares within the final quarter. Itau Unibanco Holding S.A. purchased a brand new place in Ecopetrol throughout the 2nd quarter valued at $5,342,000. Goldman Sachs Group Inc. lifted its place in shares of Ecopetrol by 30.4% throughout the second quarter. Goldman Sachs Group Inc. now owns 366,260 shares of the oil and fuel firm’s stock valued at $4,076,000 after buying a further 85,347 shares within the final quarter. Lastly, Principal Monetary Group Inc. grew its place in Ecopetrol by 89.4% within the 2nd quarter. Principal Monetary Group Inc. now owns 351,378 shares of the oil and fuel firm’s stock worth $3,911,000 after buying a further 165,869 shares within the final quarter. Hedge funds and different institutional traders personal 1.43% of the corporate’s stock.
Ecopetrol SA operates as an built-in oil and fuel firm. The corporate operates by Exploration and Manufacturing; Transport and Logistics; and Refining, Petrochemical and Biofuels segments. It engages within the exploration, manufacturing, and sale of oil and fuel. It additionally transports and distributes hydrocarbons and by-product merchandise.
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