Stock of the Day: Could Ecopetrol SA (ADR) Rise Even More? The Stock Had Another Big Increase Today

Stock of the Day: Could Ecopetrol SA (ADR) Rise Even More? The Stock Had Another Big Increase Today

The stock of Ecopetrol SA (ADR) (NYSE:EC) is a huge mover today! About 788,535 shares traded hands. Ecopetrol SA (ADR) (NYSE:EC) has risen 8.34% since March 15, 2016 and is uptrending. It has outperformed by 2.86% the S&P500.
The move comes after 5 months positive chart setup for the $18.84B company. It was reported on Oct, 18 by Barchart.com. We have $12.13 PT which if reached, will make NYSE:EC worth $6.03 billion more.

Ecopetrol SA (ADR) (NYSE:EC) Ratings Coverage

Out of 3 analysts covering Ecopetrol (NYSE:EC), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. Ecopetrol has been the topic of 5 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Tudor Pickering upgraded the shares of EC in a report on Friday, September 9 to “Hold” rating. The firm has “Hold” rating given on Tuesday, March 8 by Deutsche Bank. The rating was upgraded by Deutsche Bank on Wednesday, August 12 to “Sell”.

According to Zacks Investment Research, “ECOPETROL S.A. is a Colombia-based petroleum company. The Company is focused on identifying opportunities primarily within the eastern Llanos Basin of Colombia, as well as in other areas in Colombia and northern Peru. The Company’s operation includes the extraction, collection, treatment, storage and pumping or compression of hydrocarbons. Ecopetrol has four management divisions to handle the operation of 163 production fields. Ecopetrol’s production is concentrated in the upper, middle and lower Magdalena, the Eastern Plans and the Caribbean, and the provinces of Putumayo, Cesar and Norte de Santander.”

Insitutional Activity: The institutional sentiment increased to 1.16 in 2016 Q2. Its up 0.07, from 1.09 in 2016Q1. The ratio increased, as 17 funds sold all Ecopetrol SA (ADR) shares owned while 28 reduced positions. 14 funds bought stakes while 38 increased positions. They now own 42.95 million shares or 6.97% more from 40.15 million shares in 2016Q1.
Moreover, Nationwide Fund Advsrs has 0.02% invested in Ecopetrol SA (ADR) (NYSE:EC) for 425,500 shares. Profund Advsrs Limited Co last reported 0.01% of its portfolio in the stock. Northern Trust holds 0% of its portfolio in Ecopetrol SA (ADR) (NYSE:EC) for 199,314 shares. Panagora Asset Management, a Massachusetts-based fund reported 252,254 shares. Blackrock has invested 0% of its portfolio in Ecopetrol SA (ADR) (NYSE:EC). Blackrock Institutional Tru Company Na, a California-based fund reported 2,424 shares. Vanguard Group has invested 0% of its portfolio in Ecopetrol SA (ADR) (NYSE:EC). Great West Life Assurance Communications Can has 4,546 shares for 0% of their US portfolio. Ls Inv Advsr Limited Co holds 0% or 120 shares in its portfolio. Asset Management last reported 0.04% of its portfolio in the stock. Federated Investors Pa has 4,000 shares for 0% of their US portfolio. Amp Cap Invsts has 52,405 shares for 0% of their US portfolio. Capstone Asset Mngmt Communications has 39,358 shares for 0.01% of their US portfolio. Baring Asset Limited last reported 517,477 shares in the company. Thomas White International last reported 0.18% of its portfolio in the stock.

More news for Ecopetrol SA (ADR) (NYSE:EC) were recently published by: Marketwatch.com, which released: “/quotes/zigman/3870025/realtime” on December 21, 2009. Quotes.Wsj.com‘s article titled: “DOW JONES, A NEWS CORP COMPANY” and published on February 11, 2011 is yet another important article.

EC Company Profile

Ecopetrol S.A., incorporated on July 18, 2003, is an oil company. The Firm operates in Colombia, Peru, Brazil and the United States Gulf Coast. The Company’s divisions include Exploration and Production, Transportation and Logistics, and Refining, Petrochemicals and Biofuels.

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