66,837 Ecopetrol S.A. $EC Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC lessened its stake in shares of Ecopetrol S.A. ( NYSE:EC – Free Report ) by 83.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).

The institutional investor owned 12,890 shares of the oil and gas company’s stock after selling 66,837 shares during the quarter.

Squarepoint Ops LLC’s holdings in Ecopetrol were worth $184,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in EC.

Wellington Management Group LLP acquired a new stake in Ecopetrol in the second quarter valued at approximately $1,709,000.

Public Employees Retirement System of Ohio acquired a new stake in Ecopetrol in the 2nd quarter valued at $616,000.

Ramsey Quantitative Systems bought a new stake in Ecopetrol during the 2nd quarter valued at $58,000.

FNY Investment Advisers LLC bought a new stake in Ecopetrol during the 2nd quarter valued at $168,000.

Finally, GAMMA Investing LLC raised its holdings in Ecopetrol by 8.3% during the second quarter.

GAMMA Investing LLC now owns 35,037 shares of the oil and gas company’s stock worth $499,000 after buying an additional 2,699 shares during the last quarter.

Shares of NYSE:EC opened at $16.38 on Friday.

The company has a current ratio of 1.55, a quick ratio of 1.30 and a debt-to-equity ratio of 0.93.

The stock has a market cap of $33.68 billion, a PE ratio of 8.67, a price-to-earnings-growth ratio of 1.25 and a beta of 0.44.

The stock’s fifty day simple moving average is $17.01 and its two-hundred day simple moving average is $15.43.

Ecopetrol S.A. has a 1-year low of $8.57 and a 1-year high of $18.38.

Ecopetrol ( NYSE:EC – Get Free Report ) last posted its earnings results on Wednesday, July 1st.

The oil and gas company reported $0.86 earnings per share (EPS) for the quarter.

The firm had revenue of $11.72 billion during the quarter.

Ecopetrol had a net margin of 11.46% and a return on equity of 18.16%.

As a group, analysts forecast that Ecopetrol S.A. will post 1.85 EPS for the current fiscal year.

Zacks Research upgraded shares of Ecopetrol from a “strong sell” rating to a “hold” rating in a report on Friday, September 4th.

Weiss Ratings restated a “hold (c)” rating on shares of Ecopetrol in a report on Wednesday, August 26th.

JPMorgan Chase & Co. upped their target price on shares of Ecopetrol from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, June 1st.

Wall Street Zen cut shares of Ecopetrol from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th.

Finally, UBS Group lifted their price target on Ecopetrol from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, August 14th.

Seven analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock.

According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $13.54.

Positive Sentiment: Ecopetrol reported 35% year-over-year second-quarter revenue growth , a sign of stronger sales and operating performance that could support the investment case.

However, the available report does not provide additional details on earnings or cash flow.

Ecopetrol stock reports 35 percent Q2 revenue growth

Neutral Sentiment: Ecopetrol’s board unanimously app...