Ecopetrol S.A. (NYSE:EC) to Issue — Dividend of $0.52

Ecopetrol S.A. (NYSE:EC) 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 by an average of 155.2% annually over the last three years.

Ecopetrol Stock Up 3.7 %

EC stock opened at $10.15 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.68 and a quick ratio of 1.38. The stock has a market capitalization of $20.86 billion, a P/E ratio of 4.85 and a beta of 1.22. The business has a 50-day moving average of $9.42 and a 200-day moving average of $8.73. Ecopetrol has a fifty-two week low of $7.21 and a fifty-two week high of $12.90.

Analysts Set New Price Targets

Several research analysts recently commented on EC shares. Citigroup raised Ecopetrol from a “neutral” rating to a “buy” rating and increased their price target for the company from $9.00 to $14.00 in a research report on Tuesday, February 18th. StockNews.com raised Ecopetrol from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. raised Ecopetrol from an “underweight” rating to a “neutral” rating and increased their price target for the company from $7.50 to $9.50 in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Ecopetrol currently 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.