Ecopetrol S.A. (EC) Shares are Up 2.58%

Ecopetrol S.A. (EC) has been under a strong bear grip, hence the stock is down -13.74% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.53% in the past 1 week. The stock has risen by 2.58% in the past week indicating that the buyers are active at lower levels, but the stock is down -12.85% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 3.61% and the 50-Day Moving Average is 8.59%. Ecopetrol S.A. (NYSE:EC): On Fridays trading session , Opening price of the stock was $8.52 with an intraday high of $8.55. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $8.33. However, the stock managed to close at $8.34, a loss of 1.65% for the day. On the previous day, the stock had closed at $8.48. The total traded volume of the day was 537,626 shares.


Institutional Investors own 2.21% of Ecopetrol S.A. shares.

Ecopetrol S.A. is an oil company. The Companys business segments include Exploration and Production; Transportation and Logistics, and Refining, Petrochemicals, and Biofuels. The Exploration and Production business segment includes exploration, development and production activities in Colombia and abroad. It conducts exploration and production activities through some of its subsidiaries and through joint ventures with third parties. The transportation and logistics segment includes the transportation of crude oil, motor fuels, fuel oil and other refined products, including diesel and biofuels. It conducts these activities through its wholly owned subsidiary Cenit and Cenits subsidiaries. Its key refineries are the Barrancabermeja refinery, which it directly owns and operates, and a refinery in the Free Trade Zone in Cartagena that is operated by Reficar S.A., a wholly owned subsidiary of it. It has presence in Colombia, Peru, Brazil, Angola and the United States Gulf Coast.

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