Ecopetrol
About: Ecopetrol SA is engaged in commercial and industrial activities related to the exploration, exploitation, refining, transportation, storage, distribution, and marketing of hydrocarbons, their derivatives, and products, as well as the electric power transmission services, design, development, construction, operation, and maintenance of road and energy infrastructure projects and the provision of information technology and telecommunications services. The operations of the company are performed through four business segments: Exploration and Production, Transport and Logistics, Refining and Petrochemical, and Electric Power Transmission and Toll Roads Concessions. The majority of the company's revenue is generated from the Refining and Petrochemical segment.
Employees: 19,659
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
36% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 33
19% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 26
16% more call options, than puts
Call options by funds: $4.08M | Put options by funds: $3.52M
4% more funds holding
Funds holding: 122 [Q1] → 127 (+5) [Q2]
0.01% less ownership
Funds ownership: 0.08% [Q1] → 0.07% (-0.01%) [Q2]
15% less capital invested
Capital invested by funds: $372M [Q1] → $317M (-$54.9M) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
JP Morgan Rodolfo Angele 22% 1-year accuracy 2 / 9 met price target | 4%upside $8.50 | Underweight Downgraded | 25 Sept 2024 |
Goldman Sachs Bruno Amorim 30% 1-year accuracy 3 / 10 met price target | 17%upside $9.50 | Neutral Maintained | 24 Sept 2024 |
Financial journalist opinion
Based on 21 articles about EC published over the past 30 days
