Worth Watching: What’s Next for Ecopetrol SA (ADR) After Today’s Big Increase?

Worth Watching: What's Next for Ecopetrol SA (ADR) After Today's Big Increase?

The stock of Ecopetrol SA (ADR) (NYSE:EC) is a huge mover today! About 653,492 shares traded hands. Ecopetrol SA (ADR) (NYSE:EC) has declined 14.36% since April 13, 2016 and is downtrending. It has underperformed by 18.29% the S&P500.
The move comes after 6 months positive chart setup for the $17.52 billion company. It was reported on Nov, 15 by Barchart.com. We have $12.39 PT which if reached, will make NYSE:EC worth $8.76B 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. The firm has “Hold” rating given on Friday, September 9 by Tudor Pickering. The firm has “Hold” rating by Deutsche Bank given on Tuesday, March 8. The firm has “Sell” rating by Deutsche Bank given on Wednesday, August 12.

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 is positive, 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.
Cubist Systematic Strategies Ltd Company has invested 0.01% of its portfolio in Ecopetrol SA (ADR) (NYSE:EC). Moreover, Kcg Hldg has 0% invested in Ecopetrol SA (ADR) (NYSE:EC) for 14,505 shares. Nationwide Fund Advsr has 0.02% invested in the company for 425,500 shares. Wellington Mgmt Grp Inc Inc Ltd Liability Partnership has invested 0.02% of its portfolio in Ecopetrol SA (ADR) (NYSE:EC). Canada Pension Plan Investment Board holds 0% of its portfolio in Ecopetrol SA (ADR) (NYSE:EC) for 10 shares. The Korea-based Mirae Asset Global Invests has invested 0% in Ecopetrol SA (ADR) (NYSE:EC). Wetherby Asset Management holds 0.03% of its portfolio in Ecopetrol SA (ADR) (NYSE:EC) for 15,531 shares. Millennium Management Ltd Liability Corp accumulated 0.01% or 440,757 shares. Manufacturers Life Insurance Commerce The holds 0% or 200 shares in its portfolio. Fil Ltd holds 231,201 shares or 0.01% of its portfolio. Dimensional Fund Advisors Limited Partnership last reported 0.01% of its portfolio in the stock. Glenmede Trust Na, a Pennsylvania-based fund reported 759 shares. Flow Traders Us Ltd Company holds 0% of its portfolio in Ecopetrol SA (ADR) (NYSE:EC) for 100 shares. The Pennsylvania-based Vanguard Grp has invested 0% in Ecopetrol SA (ADR) (NYSE:EC). Princeton Alpha Management Lp holds 0.04% or 21,706 shares in its portfolio.

More news for Ecopetrol SA (ADR) (NYSE:EC) were recently published by: Marketwatch.com, which released: “Plus the latest data from Realtor.com on 21 home markets across the US” 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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