B.O.S.S. Retirement Advisors LLC Acquires New Stake in Ecopetrol S.A. (NYSE:EC)

B.O.S.S. Retirement Advisors LLC bought a new position in Ecopetrol S.A. (NYSE:EC) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 13,130 shares of the oil and gas company’s stock, valued at approximately $104,000.

Other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Ecopetrol by 81.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 425,116 shares of the oil and gas company’s stock worth $3,796,000 after acquiring an additional 190,293 shares during the period. Verition Fund Management LLC purchased a new position in Ecopetrol during the 3rd quarter valued at about $1,061,000. Hilltop Holdings Inc. bought a new stake in shares of Ecopetrol during the third quarter valued at about $458,000. Sunbelt Securities Inc. lifted its holdings in shares of Ecopetrol by 42.8% in the second quarter. Sunbelt Securities Inc. now owns 109,263 shares of the oil and gas company’s stock worth $1,223,000 after buying an additional 32,766 shares in the last quarter. Finally, QRG Capital Management Inc. bought a new position in shares of Ecopetrol in the third quarter valued at approximately $228,000.

Ecopetrol Trading Down 0.1 %

Shares of EC opened at $8.42 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.68 and a quick ratio of 1.38. Ecopetrol S.A. has a 1-year low of $7.21 and a 1-year high of $12.90. The company has a market capitalization of $17.30 billion, a P/E ratio of 4.03 and a beta of 1.19. The firm’s 50 day simple moving average is $8.12 and its 200 day simple moving average is $8.92.

Analysts Set New Price Targets

EC has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Ecopetrol from $8.50 to $7.50 and set an “underweight” rating on the stock in a report on Wednesday, October 30th. StockNews.com downgraded Ecopetrol from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to MarketBeat.com, Ecopetrol currently has a consensus rating of “Reduce” and a consensus target price of $8.50.

Ecopetrol 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.