Ecopetrol S.A. (EC) to Issue — Dividend of $0.52 on April 11th

Ecopetrol S.A. (NYSE:EC) announced a — dividend on Thursday, March 13th, NASDAQ Dividends reports. Stockholders 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 dividend yield of 30%. The ex-dividend date of this dividend is Thursday, April 3rd. This is a 7.0% increase from Ecopetrol’s previous — dividend of $0.49.

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

Ecopetrol Stock Up 2.2 %

Ecopetrol stock opened at $10.45 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.38 and a current ratio of 1.68. The stock has a market cap of $21.47 billion, a PE ratio of 5.00 and a beta of 1.22. Ecopetrol has a fifty-two week low of $7.21 and a fifty-two week high of $12.90. The firm’s 50-day simple moving average is $9.80 and its 200 day simple moving average is $8.79.

Analyst Upgrades and Downgrades

EC has been the topic of several research reports. JPMorgan Chase & Co. upgraded Ecopetrol from an “underweight” rating to a “neutral” rating and boosted their target price 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 report on Monday, March 17th. Finally, Citigroup upgraded shares of Ecopetrol from a “neutral” rating to a “buy” rating and increased their target price for the stock from $9.00 to $14.00 in a research report 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.