Banco Bilbao Vizcaya Argentaria S.A. Has $221,000 Stock Holdings in Ecopetrol S.A. (NYSE:EC)

Posted by Defense World Staff on Jun 5th, 2023

Banco Bilbao Vizcaya Argentaria S.A. lessened its stake in Ecopetrol S.A. (NYSE:EC – Get Rating) by 15.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,110 shares of the oil and gas company’s stock after selling 3,900 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Ecopetrol were worth $221,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Penserra Capital Management LLC acquired a new position in shares of Ecopetrol during the 1st quarter worth $47,000. Quadrant Capital Group LLC increased its stake in shares of Ecopetrol by 46.6% during the 4th quarter. Quadrant Capital Group LLC now owns 5,834 shares of the oil and gas company’s stock worth $61,000 after purchasing an additional 1,855 shares during the last quarter. Apollon Wealth Management LLC acquired a new position in shares of Ecopetrol during the 3rd quarter worth $89,000. Jane Street Group LLC acquired a new position in shares of Ecopetrol during the 2nd quarter worth $116,000. Finally, Creative Planning acquired a new position in shares of Ecopetrol during the 3rd quarter worth $119,000. Institutional investors and hedge funds own 1.30% of the company’s stock.

Ecopetrol Trading Up 3.5 %

EC opened at $9.76 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.00 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $20.06 billion, a PE ratio of 2.52 and a beta of 1.44. Ecopetrol S.A. has a 1-year low of $8.59 and a 1-year high of $17.60. The firm has a 50-day moving average price of $10.03 and a two-hundred day moving average price of $10.33.

Ecopetrol (NYSE:EC – Get Rating) last issued its quarterly earnings results on Wednesday, March 29th. The oil and gas company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.65 by $0.04. Ecopetrol had a net margin of 19.92% and a return on equity of 15.81%. The company had revenue of $8.26 billion during the quarter, compared to analysts’ expectations of $8.31 billion. As a group, equities analysts anticipate that Ecopetrol S.A. will post 2.24 earnings per share for the current fiscal year.

Ecopetrol Announces Dividend

The business also recently declared a — dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, December 20th will be paid a $0.1479 dividend. This represents a yield of 20.4%. The ex-dividend date of this dividend is Tuesday, December 19th. Ecopetrol’s payout ratio is currently 53.23%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EC. The Goldman Sachs Group lowered their target price on shares of Ecopetrol from $12.40 to $11.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 15th. StockNews.com began coverage on shares of Ecopetrol in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. HSBC lowered shares of Ecopetrol from a “buy” rating to a “hold” rating and lowered their target price for the company from $12.50 to $12.00 in a research note on Friday, February 10th. Finally, UBS Group lowered shares of Ecopetrol from a “buy” rating to a “neutral” rating and set a $13.00 target price on the stock. in a research note on Thursday, February 9th. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $12.00.

Ecopetrol Profile

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Ecopetrol SA engages in the exploration, development, and production of crude oil and natural gas. It operates through the following segments: Exploration and Production, Transportation and Logistics, and Refining and Petrochemicals. The Exploration and Production segment deals with oil and gas exploration and production activities.

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Institutional Ownership by Quarter for Ecopetrol (NYSE:EC)

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