Regal Investment Advisors LLC Decreases Holdings in Ecopetrol SA (EC)

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Regal Investment Advisors LLC trimmed its holdings in Ecopetrol SA (NYSE:EC) by 11.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,034 shares of the oil and gas company’s stock after selling 1,322 shares during the quarter. Regal Investment Advisors LLC’s holdings in Ecopetrol were worth $159,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Aperio Group LLC grew its stake in shares of Ecopetrol by 18.5% in the third quarter. Aperio Group LLC now owns 431,509 shares of the oil and gas company’s stock worth $11,621,000 after acquiring an additional 67,515 shares in the last quarter. Alethea Capital Management LLC acquired a new position in shares of Ecopetrol in the third quarter worth $1,029,000. BlackRock Inc. grew its stake in shares of Ecopetrol by 12.7% in the third quarter. BlackRock Inc. now owns 1,325,332 shares of the oil and gas company’s stock worth $35,691,000 after acquiring an additional 149,455 shares in the last quarter. Macquarie Group Ltd. acquired a new position in shares of Ecopetrol in the third quarter worth $1,160,000. Finally, Fisher Asset Management LLC grew its stake in shares of Ecopetrol by 33.9% in the fourth quarter. Fisher Asset Management LLC now owns 2,329,686 shares of the oil and gas company’s stock worth $36,995,000 after acquiring an additional 589,439 shares in the last quarter. 2.97% of the stock is currently owned by institutional investors and hedge funds.

Shares of EC stock opened at $18.10 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.33 and a quick ratio of 1.09. The firm has a market cap of $37.32 billion, a P/E ratio of 16.61, a PEG ratio of 0.63 and a beta of 1.51. Ecopetrol SA has a 12 month low of $15.25 and a 12 month high of $27.96.

Several equities analysts have commented on the stock. Raymond James upgraded shares of Ecopetrol from an “underperform” rating to a “market perform” rating in a research note on Monday, October 22nd. Zacks Investment Research downgraded shares of Ecopetrol from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 18th. UBS Group upgraded shares of Ecopetrol from a “sell” rating to a “neutral” rating in a research note on Wednesday, December 12th. ValuEngine upgraded shares of Ecopetrol from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Citigroup set a $21.00 target price on shares of Ecopetrol and gave the stock a “hold” rating in a research note on Monday, December 17th. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $20.67.

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About Ecopetrol

Ecopetrol SA operates as an integrated oil and gas company. It operates through three segments: Exploration and Production; Refining, Petrochemical, and Biofuels; and Transport and Logistics. The company produces crude oil and gas; and engages in the extraction, collection, treatment, storage and pumping or compression of hydrocarbons.

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Institutional Ownership by Quarter for Ecopetrol (NYSE:EC)

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