Ecopetrol S.A. (NYSE:EC) Announces Dividend Increase - $0.52 Per Share

Ecopetrol S.A. (NYSE:EC - Get Free Report) declared a -- dividend on Thursday, March 13th, NASDAQ Dividends reports. Investors of record on Thursday, April 3rd will be paid a dividend of 0.5202 per share by the oil and gas company on Friday, April 11th. This represents a yield of 30%. The ex-dividend date is Thursday, April 3rd. This is a 7.0% increase from Ecopetrol's previous -- dividend of $0.49.

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

Ecopetrol Price Performance

EC traded down $0.06 during trading on Tuesday, reaching $10.31. The company's stock had a trading volume of 1,842,728 shares, compared to its average volume of 2,282,473. The company has a quick ratio of 1.38, a current ratio of 1.68 and a debt-to-equity ratio of 1.00. The firm has a fifty day simple moving average of $9.46 and a two-hundred day simple moving average of $8.72. Ecopetrol has a 1 year low of $7.21 and a 1 year high of $12.90. The company has a market cap of $21.19 billion, a price-to-earnings ratio of 4.93 and a beta of 1.22.

Wall Street Analyst Weigh In

EC has been the topic of a number of research reports. Citigroup raised shares of Ecopetrol from a "neutral" rating to a "buy" rating and raised their target price for the stock from $9.00 to $14.00 in a research note on Tuesday, February 18th. JPMorgan Chase & Co. raised shares of Ecopetrol from an "underweight" rating to a "neutral" rating and raised their target price for the stock from $7.50 to $9.50 in a research note on Thursday, February 13th. Finally, StockNews.com lowered shares of Ecopetrol from a "buy" rating to a "hold" rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average 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.