Ecopetrol Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of ECOPETROL?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	15,775	0.0000384%
Employee Share Scheme	63,481,636	0.154%
General Public	1,861,263,357	4.53%
Institutions	2,807,145,505	6.83%
State or Government	36,384,788,417	88.5%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 94.94% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
88.5%	Colombia	36,384,788,417	Col$65.1t	0%	no data
2.31%	Administradora de Fondos de Pensiones y Cesantías Protección S.A.	948,694,944	Col$1.7t	0%	8.48%
0.99%	Administradora de Fondos de Pension Porvenir S.A.	409,061,384	Col$732.2b	0%	2.62%
0.94%	BlackRock, Inc.	388,530,801	Col$695.5b	-0.06%	no data
0.42%	The Vanguard Group, Inc.	173,520,930	Col$310.6b	-0.09%	no data
0.37%	Mirae Asset Global Investments Co., Ltd.	152,488,924	Col$273.0b	1.37%	0.05%
0.22%	Colfondos S.A. Pensiones y Cesantias	89,566,904	Col$160.3b	0%	3.6%
0.18%	Brookfield Corporation	75,154,140	Col$134.5b	11.7%	0.11%
0.15%	Fondo de Pensiones Protección - Ecopetrol	63,481,636	Col$113.6b	0%	11.92%
0.1%	Norges Bank Investment Management	42,229,243	Col$75.6b	0%	no data
0.1%	Skandia AFP-ACCAI S.A.	41,457,782	Col$74.2b	0%	10.9%
0.095%	Charles Schwab Investment Management, Inc.	39,196,756	Col$70.2b	9.06%	no data
0.093%	Russell Investment Management, LLC	38,067,540	Col$68.1b	-6.86%	0.02%
0.092%	Ashmore Investment Advisors Limited	37,719,422	Col$67.5b	0%	2.91%
0.077%	Fondo de Pensiones Obligatorias Skandia S.A.	31,822,642	Col$57.0b	0%	19.8%
0.045%	Compañía de Seguros Bolívar S.A.	18,685,870	Col$33.5b	0%	2.22%
0.041%	Candriam, Société En Commandite Par Actions	16,820,000	Col$30.1b	0%	0.02%
0.037%	UBS Asset Management AG	15,301,308	Col$27.4b	61.8%	no data
0.027%	Militia Capital Management, LLC	11,124,000	Col$19.9b	16.1%	2.23%
0.027%	Truffle Hound Capital, LLC	11,000,000	Col$19.7b	83.3%	2.77%
0.025%	State Street Global Advisors, Inc.	10,168,351	Col$18.2b	1.34%	no data
0.024%	The Goldman Sachs Group, Inc.	9,975,540	Col$17.9b	0.67%	no data
0.022%	Allianz Asset Management GmbH	9,168,241	Col$16.4b	6,700%	no data
0.022%	Fisher Asset Management, LLC	9,136,380	Col$16.4b	3.15%	no data
0.022%	American Century Investment Management Inc	8,961,200	Col$16.0b	22.2%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/10/07 13:55
End of Day Share Price	2025/10/06 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Ecopetrol S.A. is covered by 22 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Matthew Thomas	Barclays
Caio Ribeiro	BofA Global Research
Caio Ribeiro	BofA Global Research