Ecopetrol S.A. (NYSE:EC - Get Free Report) declared a -- dividend on Friday, March 14th, Wall Street Journal reports. Stockholders of record on Thursday, June 26th will be given a dividend of 0.5202 per share by the oil and gas company on Monday, July 7th. This represents a dividend yield of 30%. The ex-dividend date of this dividend is Thursday, June 26th.
Ecopetrol has raised its dividend payment by an average of 155.2% per year over the last three years.
Ecopetrol Stock Down 0.5 %
Shares of NYSE EC traded down $0.06 during trading on Tuesday, reaching $10.31. 1,842,728 shares of the stock were exchanged, compared to its average volume of 2,282,473. The business's 50-day moving average price is $9.46 and its 200 day moving average price is $8.72. Ecopetrol has a twelve month low of $7.21 and a twelve month high of $12.90. 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 company has a market capitalization of $21.19 billion, a price-to-earnings ratio of 4.93 and a beta of 1.22.
Analyst Ratings Changes
A number of analysts recently issued reports on EC shares. StockNews.com lowered shares of Ecopetrol from a "buy" rating to a "hold" rating in a research note on Monday. JPMorgan Chase & Co. upgraded shares of Ecopetrol from an "underweight" rating to a "neutral" rating and upped their price target for the stock from $7.50 to $9.50 in a research report on Thursday, February 13th. Finally, Citigroup raised shares of Ecopetrol from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $9.00 to $14.00 in a 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 given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $11.00.
Read Our Latest Stock Analysis on Ecopetrol
About Ecopetrol
(
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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.
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