Ecopetrol S.A. (EC) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings
NEW YORK, NY / ACCESSWIRE / June 2, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Ecopetrol S.A. ("Ecopetrol" or "the Company") (NYSE:EC).
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Ecopetrol S.A. - EC
NEW YORK, NY / ACCESSWIRE / June 1, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Ecopetrol S.A. ("Ecopetrol" or the "Company") (NYSE:EC).
Ecopetrol S.A. (EC) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings
NEW YORK, NY / ACCESSWIRE / May 31, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Ecopetrol S.A. ("Ecopetrol" or "the Company") (NYSE:EC).
Crude Oil Holding Support: 2 Leading Energy Stocks to Buy Now
Crude oil prices have been busy this year, rallying from ~$70 at the start, to a high of $88 in early April. Prices have since fallen back to $78 today, where they seem to have found a balance.
Natixis Advisors L.P. Makes New $217,000 Investment in Ecopetrol S.A. (NYSE:EC)
Natixis Advisors L.P. purchased a new stake in Ecopetrol S.A. (NYSE:EC – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 18,266 shares of the oil and gas company’s stock, valued at approximately $217,000. Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC purchased a new position in shares of Ecopetrol during the fourth quarter worth $85,000. QRG Capital Management Inc. acquired a new position in shares of Ecopetrol in the third quarter valued at approximately $131,000. Avantax Advisory Services Inc. acquired a new stake in Ecopetrol during the 3rd quarter worth approximately $158,000. Anfield Capital Management LLC purchased a new position in Ecopetrol in the 3rd quarter valued at approximately $185,000. Finally, Private Advisor Group LLC grew its stake in shares of Ecopetrol by 76.2% in the third quarter. Private Advisor Group LLC now owns 21,332 shares of the oil and gas company’s stock worth $247,000 after acquiring an additional 9,225 shares in the last quarter. Ecopetrol Price Performance Shares of EC opened at $12.13 on Monday. The company has a quick ratio of 1.34, a current ratio of 1.58 and a debt-to-equity ratio of 0.90. Ecopetrol S.A. has a 52-week low of $8.93 and a 52-week high of $13.14. The stock has a 50 day moving average price of $11.58 and a 200 day moving average price of $11.86. Ecopetrol (NYSE:EC – Get Free Report) last posted its earnings results on Thursday, April 18th. The oil and gas company reported $0.74 EPS for the quarter. Ecopetrol had a return on equity of 10.84% and a net margin of 14.77%. The business had revenue of $8.59 billion for the quarter. Equities analysts predict that Ecopetrol S.A. will post 2.55 earnings per share for the current fiscal year. Ecopetrol Cuts Dividend The firm also recently announced a — dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Tuesday, June 25th will be issued a $0.7999 dividend. The ex-dividend date is Tuesday, June 25th. This represents a dividend yield of 19.5%. Ecopetrol’s payout ratio is 92.44%. Wall Street Analysts Forecast Growth A number of research analysts recently issued reports on the company. The Goldman Sachs Group lifted their target price on Ecopetrol from $10.30 to $11.90 and gave the company a “neutral” rating in a report on Thursday, April 18th. Morgan Stanley downgraded Ecopetrol from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $11.00 to $8.50 in a research report on Monday, March 4th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Ecopetrol from $12.50 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, February 20th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $11.27. Check Out Our Latest Report on Ecopetrol About Ecopetrol (Free Report) Ecopetrol SA operates as an integrated energy company. The company operates through four segments: Exploration and Production; Transport and Logistics; Refining, Petrochemical and Biofuels; and Electric Power Transmission and Toll Roads Concessions. It engages in the exploration and production of oil and gas; transportation of crude oil, motor fuels, fuel oil, and other refined products, including diesel, jet, and biofuels; processing and refining crude oil; distribution of natural gas and LPG; sale of refined and petrochemical products; supplying of electric power transmission services; design, development, construction, operation, and maintenance of road and energy infrastructure projects; and supplying of information technology and telecommunications services. See Also Five stocks we like better than Ecopetrol Low PE Growth Stocks: Unlocking Investment Opportunities MarketBeat Week in Review – 5/13 – 5/17 Insider Trades May Not Tell You What You Think Take-Two Interactive Software Offers 2nd Chance for Investors Why Are Stock Sectors Important to Successful Investing? Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook
