Tudor Pickering cut shares of Ecopetrol S.A. (NYSE:EC) to a sell rating in a research note issued to investors on Monday, The Fly reports.

A number of other research analysts have also recently weighed in on EC. Zacks Investment Research raised shares of Ecopetrol from a hold rating to a buy rating and set a $11.00 price objective for the company in a research note on Tuesday, October 6th. Deutsche Bank raised shares of Ecopetrol from a hold rating to a buy rating and set a $8.40 price objective for the company in a research note on Tuesday, December 15th. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. Ecopetrol has a consensus rating of Hold and an average price target of $9.85.

Shares of Ecopetrol (NYSE:EC) traded down 6.65% during mid-day trading on Monday, reaching $5.76. The company’s stock had a trading volume of 525,414 shares. The firm’s 50 day moving average price is $6.61 and its 200-day moving average price is $9.09. Ecopetrol has a 1-year low of $5.16 and a 1-year high of $19.91. The company has a market capitalization of $11.84 billion and a price-to-earnings ratio of 5.43.

Other hedge funds have recently made changes to their positions in the company. KBC Group raised its stake in shares of Ecopetrol by 32.9% in the third quarter. KBC Group now owns 22,915 shares of the company’s stock worth $197,000 after buying an additional 5,670 shares during the period. Capstone Asset Management Company raised its stake in shares of Ecopetrol by 43.9% in the fourth quarter. Capstone Asset Management Company now owns 53,558 shares of the company’s stock worth $375,000 after buying an additional 16,327 shares during the period. Finally, Acadian Asset Management raised its stake in shares of Ecopetrol by 19.9% in the fourth quarter. Acadian Asset Management now owns 476,849 shares of the company’s stock worth $3,343,000 after buying an additional 79,095 shares during the period.

Ecopetrol S.A. is an oil company. The Company’s business segments include Exploration and Production; Transportation and Logistics, and Refining, Petrochemicals, and Biofuels. The Exploration and Production business segment includes exploration, development and production activities in Colombia and abroad. It conducts exploration and production activities through some of its subsidiaries and through joint ventures with third parties. The transportation and logistics segment includes the transportation of crude oil, motor fuels, fuel oil and other refined products, including diesel and biofuels. It conducts these activities through its wholly owned subsidiary Cenit and Cenit’s subsidiaries. Its key refineries are the Barrancabermeja refinery, which it directly owns and operates, and a refinery in the Free Trade Zone in Cartagena that is operated by Reficar S.A., a wholly owned subsidiary of it. It has presence in Colombia, Peru, Brazil, Angola and the United States Gulf Coast.

12 Month Chart for NYSE:EC

The Fly

Receive News & Ratings for Ecopetrol S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecopetrol S.A. and related companies with MarketBeat.com's FREE daily email newsletter.