Ecopetrol S.A. (EC) To Go Ex-Dividend on April 3rd

Ecopetrol S.A. (NYSE:EC) announced a — dividend on Thursday, March 13th, NASDAQ Dividends reports. Stockholders of record on Thursday, April 3rd will be given a dividend of 0.5202 per share by the oil and gas company on Friday, April 11th. This represents a dividend 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 increased its dividend by an average of 155.2% per year over the last three years.

Ecopetrol Price Performance

Shares of EC opened at $10.15 on Friday. The stock’s 50 day moving average is $9.42 and its two-hundred day moving average is $8.74. The firm has a market capitalization of $20.86 billion, a PE ratio of 4.85 and a beta of 1.22. 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 twelve month low of $7.21 and a twelve month high of $12.90.

Analyst Ratings Changes

A number of research firms recently issued reports on EC. JPMorgan Chase & Co. raised Ecopetrol from an “underweight” rating to a “neutral” rating and upped their target price for the company from $7.50 to $9.50 in a research note on Thursday, February 13th. Citigroup raised Ecopetrol from a “neutral” rating to a “buy” rating and upped their target price for the company from $9.00 to $14.00 in a research note on Tuesday, February 18th. Finally, StockNews.com raised Ecopetrol from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Ecopetrol presently has an average rating of “Hold” and a consensus price target of $11.00.

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.