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
0
Funds holding %
of 7,372 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
19% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 27
16% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 37
4% more funds holding
Funds holding: 118 [Q3] → 123 (+5) [Q4]
0.02% less ownership
Funds ownership: 0.07% [Q3] → 0.05% (-0.02%) [Q4]
38% less capital invested
Capital invested by funds: $251M [Q3] → $156M (-$94.5M) [Q4]
72% less call options, than puts
Call options by funds: $2.07M | Put options by funds: $7.35M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$9.50
6%
downside
Avg. target
$9.50
6%
downside
High target
$9.50
6%
downside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
JP Morgan Rodolfo Angele 8% 1-year accuracy 1 / 13 met price target | 6%downside $9.50 | Neutral Upgraded | 13 Feb 2025 |
Financial journalist opinion
Based on 22 articles about EC published over the past 30 days
Neutral
PRNewsWire
23 hours ago
Ecopetrol Announces Start Dates for the Market Maker program for its Shares on the Colombian Stock Exchange
BOGOTA, Colombia , March 14, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that, in accordance with the Form 6-K issued on March 3, 2025, reported by this same medium, it has completed the necessary procedures for the implementation of the Market Maker program for its common stock, with Andes Investment Group Inc., a subsidiary of the Chilean group Larraín Vial, and Valores Bancolombia S.A.
Positive
Zacks Investment Research
3 days ago
Ecopetrol (EC) Upgraded to Buy: Here's What You Should Know
Ecopetrol (EC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Positive
Seeking Alpha
3 days ago
Dividend Power Dogs: 3 Top Dividend Picks For March
Three top Dividend Power stocks, Golden Ocean, Diversified Energy, and Saratoga Investment Corp, offer "safer" dividends with free cash-flow yields exceeding dividend yields. The Dividend Power strategy focuses on high earnings yield and top dividend yield stocks, creating a resilient portfolio for both downturns and bull markets. Analysts predict significant net gains (39.97% to 168.6%) for the top ten Dividend Power stocks by March 2026, with an average net gain of 77.96%.
Neutral
PRNewsWire
1 week ago
Ecopetrol publishes draft chapter on social and environmental issues, including climate, for the year 2024
BOGOTA, Colombia , March 7, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that, in accordance with External Circular 031 of 2021 issued by the Superintendency of Finance of Colombia, it has published the draft chapter on practices, policies, processes and indicators related to social and environmental issues, including climate, which can be consulted in Spanish on Ecopetrol's website.
Neutral
Zacks Investment Research
1 week ago
Ecopetrol Unveils $2 Billion Debt Plan to Fund Inorganic Investments
EC's board approves additional debt funding worth $2 billion, which includes $1 billion in structural debt. Further, $1 billion has been authorized as a temporary measure.
Neutral
PRNewsWire
1 week ago
Minority Shareholders Nominate Candidate for Board of Directors
BOGOTA, Colombia , March 6, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") announces that, in accordance with the declaration of the Nation as the majority shareholder and following the established procedure therein, the representatives of the minority shareholders formally informed the Company that they had agreed to nominate Dr. Luis Felipe Henao Cardona as their candidate to the Board of Directors.
Neutral
PRNewsWire
1 week ago
Ecopetrol Announces Nomination of Candidate for Board of Directors
BOGOTA, Colombia , March 6, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") announces that, in accordance with the declaration of the Nation, as the majority shareholder and following the established procedure therein, representatives of the hydrocarbon producing departments in which Ecopetrol operates have unanimously agreed to nominate Dr. Ricardo Rodriguez Yee as their candidate to the Board of Directors.
Neutral
Seeking Alpha
1 week ago
Ecopetrol S.A. (EC) Q4 2024 Earnings Call Transcript
Ecopetrol S.A. (NYSE:EC ) Q4 2024 Earnings Conference Call March 5, 2024 9:00 AM ET Company Participants Ricardo Roa - President and Chief Executive Officer Rafael Guzman - Executive Vice President of Hydrocarbons David Riano - Executive Vice President of Transition Energy Camilo Barco - Chief Financial Officer Julián Lemos - Vice President, Strategy and New Businesses Julio Herrera - Vice President of Commercial and Marketing Sandra Rodríguez - Corporate Vice President of Territorial Conference Call Participants Daniel Guardiola - BTG Pactual Victor Modanese - UBS Andrés Cardona - Citibank Andrés Duarte - Corficolombiana Ricardo Sandoval - Bancolombia Operator Good morning.
Neutral
PRNewsWire
1 week ago
Ecopetrol Announces Changes in the Board of Directors
BOGOTA, Colombia , March 5, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces the resignation of Dr. Edwin Palma Egea, which was submitted today to the Board of Directors and effective as of March 6, 2025.
Negative
Reuters
1 week ago
Ecopetrol plans up to $2 billion more debt to fund acquisitions
Colombia's majority state-owned oil producer Ecopetrol is planning to raise up to $2 billion in additional debt this year to fund investments, and would consider seeking funds from banks and capital markets, a top official said on Wednesday.
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