Employees Retirement System of Texas bought a new stake in Ecopetrol SA (NYSE:EC) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 193,268 shares of the oil and gas company’s stock, valued at approximately $2,828,000.
Several other hedge funds also recently bought and sold shares of EC. SG Americas Securities LLC bought a new position in shares of Ecopetrol in the third quarter valued at approximately $103,000. State of New Jersey Common Pension Fund D bought a new position in shares of Ecopetrol in the third quarter valued at approximately $147,000. Prudential Financial Inc. bought a new position in shares of Ecopetrol in the third quarter valued at approximately $147,000. Virtu KCG Holdings LLC lifted its holdings in shares of Ecopetrol by 19.8% in the second quarter. Virtu KCG Holdings LLC now owns 16,579 shares of the oil and gas company’s stock valued at $151,000 after purchasing an additional 2,743 shares in the last quarter. Finally, Stevens Capital Management LP bought a new position in shares of Ecopetrol in the third quarter valued at approximately $201,000. Institutional investors own 2.38% of the company’s stock.
Shares of Ecopetrol SA (EC) opened at $18.43 on Monday. The company has a current ratio of 1.37, a quick ratio of 1.07 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $37,889.04, a P/E ratio of 41.89, a P/E/G ratio of 0.28 and a beta of 1.36. Ecopetrol SA has a 52-week low of $8.44 and a 52-week high of $20.55.
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.
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