Ecopetrol (EC)

• Market cap: $15.5B
• 1 day: 0.13%
• 5 days: -4.19%
• 1 month: -6.79%
• 3 months: -18.99%
• 6 months: -40.41%
• Year to date: -36.87%
• 1 year: -38.22%
• 5 years: -63.53%
• 10 years: -57.44%

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 Q3 regulatory filings by fund managers ($100M+ AUM)

81% more call options, than puts

Call options by funds: $3.56M | Put options by funds: $1.97M

0% less ownership

Funds ownership: 0.07% [Q2] → 0.07% (-0%) [Q3]

7% less funds holding

Funds holding: 127 [Q2] → 118 (-9) [Q3]

11% less repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 45

24% less capital invested

Capital invested by funds: $321M [Q2] → $244M (-$76.2M) [Q3]

32% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 28

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $7.50 1% downside
• Avg. target: $7.50 1% downside
• High target: $7.50 1% downside

1 analyst rating

• positive: 0 0%
• neutral: 0 0%
• negative: 1 100%

JP Morgan Rodolfo Angele 40% 1-year accuracy 4 / 10 met price target

1% downside $7.50

Underweight Maintained

30 Oct 2024