Ecopetrol S.A. Declares Annual Dividend of $0.52 (NYSE:EC)

Ecopetrol S.A. (NYSE:EC - Get Free Report) declared an annual dividend on Wednesday, April 9th, Wall Street Journal reports. Stockholders of record on Monday, April 28th will be given a dividend of 0.5202 per share by the oil and gas company on Tuesday, May 6th. This represents a dividend yield of 34.2%. The ex-dividend date is Monday, April 28th.

Ecopetrol has increased its dividend payment by an average of 155.2% per year over the last three years.

Ecopetrol Price Performance

NYSE EC traded up $0.10 on Monday, reaching $8.90. The company's stock had a trading volume of 2,559,923 shares, compared to its average volume of 2,339,356. The firm has a market cap of $18.30 billion, a PE ratio of 4.26 and a beta of 0.86. The company has a current ratio of 1.68, a quick ratio of 1.38 and a debt-to-equity ratio of 1.00. Ecopetrol has a 52 week low of $7.21 and a 52 week high of $12.67. The business has a 50-day moving average price of $9.84 and a 200 day moving average price of $8.79.

Analyst Upgrades and Downgrades

Several analysts recently commented on EC shares. JPMorgan Chase & Co. raised Ecopetrol from an "underweight" rating to a "neutral" rating and boosted their price target for the company from $7.50 to $9.50 in a research note on Thursday, February 13th. StockNews.com downgraded shares of Ecopetrol from a "buy" rating to a "hold" rating in a research note on Monday, March 17th. Finally, Citigroup upgraded Ecopetrol from a "neutral" rating to a "buy" rating and increased their price target for the stock from $9.00 to $14.00 in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $11.00.

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Ecopetrol Company Profile

Ecopetrol SA operates as an integrated energy company. The company operates through four segments: Exploration and Production; Transport and Logistics; Refining, Petrochemical and Biofuels; and Electric Power Transmission and Toll Roads Concessions. It engages in the exploration and production of oil and gas; transportation of crude oil, motor fuels, fuel oil, and other refined products, including diesel, jet, and biofuels; processing and refining crude oil; distribution of natural gas and LPG; sale of refined and petrochemical products; supplying of electric power transmission services; design, development, construction, operation, and maintenance of road and energy infrastructure projects; and supplying of information technology and telecommunications services.