Ecopetrol S.A. (EC) To Go Ex-Dividend on April 28th

Ecopetrol S.A. (NYSE:EC) announced an annual dividend on Wednesday, April 9th, Wall Street Journal reports. Shareholders 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 yield of 34.2%. The ex-dividend date is Monday, April 28th.

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

Ecopetrol Price Performance

Shares of NYSE:EC opened at $8.20 on Friday. Ecopetrol has a 1-year low of $7.21 and a 1-year high of $12.67. The company has a current ratio of 1.68, a quick ratio of 1.38 and a debt-to-equity ratio of 1.00. The business’s 50 day moving average is $9.86 and its 200-day moving average is $8.79. The firm has a market capitalization of $16.85 billion, a PE ratio of 3.92 and a beta of 0.86.

Analyst Ratings Changes

Several research firms recently issued reports on EC. StockNews.com lowered shares of Ecopetrol from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. JPMorgan Chase & Co. upgraded 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 report on Thursday, February 13th. Finally, Citigroup upgraded Ecopetrol from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $9.00 to $14.00 in a research note on Tuesday, February 18th. One 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.com, the stock presently has a consensus rating of “Hold” and an average price target of $11.00.

About Ecopetrol

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.