After grabbing 9.34 million shares, the institutional investor is now in possession of 9.34 million shares of the Energy Company. The new investment brought the stake of investor firm to 0.45% having worth around $117.79 million. Moreover, Vanguard Fiduciary Trust Co. increased its share by 30670.0 to have a control over 1.6 million shares. And Crossmark Global Investments, Inc raised its holdings to 3490.0 shares by acquiring 0.97 million shares or 0.05% of the stake.
Ecopetrol SA ADR (EC) concluded trading on 12/21/23 at a closing price of $11.94, with 2.48 million shares of worth about $29.61 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 19.35% during that period and on Thursday the price saw a gain of about 1.70%. Currently the company’s common shares owned by public are about 2.06B shares, out of which, 2.06B shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 11 analysts are covering the EC stock and their offered price forecasts bring an average price target of $2381.87. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $3117.95 and could fall to a lowest price of $2095.36. The stock’s current price level is 8.99% above of average price target set by the analysts, while a rise to estimated low would result in gain of 99.43% for the stock. However, touching the estimated high of $3117.95 would mean a gain of 99.62% for the stock.
GQG Partners Emerging Markets Equ, Vanguard Institutional Total Intl, and Vanguard Emerging Markets Stock I are the top 3 mutual funds which are holding stakes in Ecopetrol SA ADR GQG Partners Emerging Markets Equ is currently holding 4.03 million shares of worth totaling $50.82 million. The company recently came buying 4.03 million shares which brought its stake up to 0.20% of the company’s outstanding shares. Vanguard Institutional Total Intl bought 8664.0 shares, after which its hold over company’s outstanding shares expand to 0.07%, leaving 1.45 million shares with the mutual fund that have a worth of about $18.29 million. Vanguard Emerging Markets Stock I, after selling 1.08 million shares, have now control over 0.05% of the stake in the company. It holds 8451.0 shares of worth $13.64 million.
However, the stock later moved at a day high price of 11.95, or with a gain of 1.70%. Stock saw a price change of -6.73% in past 5 days and over the past one month there was a price change of -3.22%. Year-to-date (YTD), EC shares are showing a performance of 18.49% which increased to 31.69% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.38 but also hit the highest price of $12.99 during that period. The average intraday trading volume for Ecopetrol SA ADR shares is 2.46 million. The stock is currently trading -4.08% below its 20-day simple moving average (SMA20), while that difference is down -1.63% for SMA50 and it goes to 9.82% higher than SMA200.
GQG Partners LLC acquired 9.34 million shares of Ecopetrol SA ADR having value of about $117.79 million. Ecopetrol SA ADR (NYSE: EC) currently have 2.06B outstanding shares and institutions hold larger chunk of about 1.58% of that. Holding of mutual funds in the company is about 0.79% while other institutional holders and individual stake holders have control over 0.80% and — of the stake respectively.
The stock has a current market capitalization of $24.55B and its 3Y-monthly beta is at 1.35. PE ratio of stock for trailing 12 months is 5.12, while it has posted earnings per share of $2.33 in the same period. It has Quick Ratio of 1.20 while making debt-to-equity ratio of 1.40. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EC, volatility over the week remained 2.13% while standing at 2.28% over the month.
Analysts are in expectations that Ecopetrol SA ADR (EC) stock would likely to be making an EPS of $0.6 in the current quarter, while forecast for next quarter EPS is $0.53 and it is $2.27 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.44 which is $0.76 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.69 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -47.41% while it is estimated to decrease by -7.06% in next year. EPS is likely to shrink at an annualized rate of -5.50% for next 5-years, compared to annual growth of 131.31% made by the stock over the past 5-years.
Analysts at 11 brokerage firms have issued recommendations for the Ecopetrol SA ADR (EC)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 11 Wall Street analysts, 1 recommended a “Buy” rating, while 9 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on September 21, 2023 offering an Underperform rating for the stock and assigned a target price of $11.20 to it.
