Ecopetrol SA (EC) Shares Bought by Comerica Bank

Comerica Bank boosted its stake in shares of Ecopetrol SA (NYSE:EC) by 12.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 116,533 shares of the oil and gas company’s stock after buying an additional 13,137 shares during the period. Comerica Bank’s holdings in Ecopetrol SA were worth $1,101,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. M&T Bank Corp boosted its position in Ecopetrol SA by 26.5% in the third quarter. M&T Bank Corp now owns 12,900 shares of the oil and gas company’s stock worth $113,000 after buying an additional 2,700 shares during the last quarter. Sei Investments Co. increased its stake in shares of Ecopetrol SA by 193.8% in the third quarter. Sei Investments Co. now owns 29,038 shares of the oil and gas company’s stock valued at $254,000 after buying an additional 19,155 shares during the period. State of Wisconsin Investment Board increased its stake in shares of Ecopetrol SA by 92.4% in the third quarter. State of Wisconsin Investment Board now owns 49,578 shares of the oil and gas company’s stock valued at $434,000 after buying an additional 23,815 shares during the period. Citadel Advisors LLC increased its stake in shares of Ecopetrol SA by 2,856.0% in the third quarter. Citadel Advisors LLC now owns 63,856 shares of the oil and gas company’s stock valued at $559,000 after buying an additional 66,173 shares during the period. Finally, World Asset Management Inc increased its stake in shares of Ecopetrol SA by 8.1% in the third quarter. World Asset Management Inc now owns 137,495 shares of the oil and gas company’s stock valued at $1,204,000 after buying an additional 10,251 shares during the period. Institutional investors own 2.54% of the company’s stock.

Institutional Ownership by Quarter for Ecopetrol SA (NYSE:EC)

Shares of Ecopetrol SA (NYSE:EC) traded down 1.56% during trading on Friday, hitting $9.45. 1,426,115 shares of the stock traded hands. The company has a 50 day moving average price of $9.16 and a 200 day moving average price of $9.05. Ecopetrol SA has a 12 month low of $7.65 and a 12 month high of $10.29. The firm has a market cap of $19.43 billion, a price-to-earnings ratio of 36.35 and a beta of 1.06.

The business also recently disclosed a special dividend, which will be paid on Monday, May 8th. Investors of record on Thursday, April 27th will be given a $0.1606 dividend. The ex-dividend date is Tuesday, April 25th.

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Separately, Zacks Investment Research cut shares of Ecopetrol SA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 7th.

About Ecopetrol SA

Ecopetrol SA is an oil company. The Company operates in Colombia, Peru, Brazil and the United States Gulf Coast. The Company’s segments include Exploration and Production, Transportation and Logistics, and Refining, Petrochemicals and Biofuels. The Company’s Exploration and Production segment includes exploration, development and production activities in Colombia and abroad.

5 Day Chart for NYSE:EC

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