Other research analysts have also recently issued research reports about the company. Santander upgraded Ecopetrol from an underperform rating to a hold rating in a research note on Wednesday, March 6th. Zacks Investment Research upgraded Ecopetrol from a strong sell rating to a hold rating in a research note on Friday, February 15th. ValuEngine upgraded Ecopetrol from a sell rating to a hold rating in a research note on Monday, February 4th. Finally, JPMorgan Chase & Co. upgraded Ecopetrol from an underweight rating to a neutral rating and set a $20.00 target price for the company in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Ecopetrol currently has an average rating of Hold and a consensus price target of $23.33.
NYSE EC opened at $16.39 on Wednesday. Ecopetrol has a fifty-two week low of $15.25 and a fifty-two week high of $27.96. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.92 and a current ratio of 1.12.
The business also recently disclosed a special dividend, which was paid on Friday, May 3rd. Shareholders of record on Wednesday, April 24th were paid a dividend of $0.3595 per share. This represents a yield of 2.95%. The ex-dividend date was Tuesday, April 23rd. Ecopetrol’s payout ratio is 55.17%.
Large investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in Ecopetrol by 12.7% during the third quarter. BlackRock Inc. now owns 1,325,332 shares of the oil and gas company’s stock valued at $35,691,000 after buying an additional 149,455 shares during the last quarter. Lindbrook Capital LLC increased its holdings in shares of Ecopetrol by 116.6% in the 1st quarter. Lindbrook Capital LLC now owns 1,315 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 708 shares in the last quarter. Macquarie Group Ltd. bought a new stake in shares of Ecopetrol in the 3rd quarter worth $1,160,000. Fisher Asset Management LLC increased its holdings in shares of Ecopetrol by 33.9% in the 4th quarter. Fisher Asset Management LLC now owns 2,329,686 shares of the oil and gas company’s stock worth $36,995,000 after purchasing an additional 589,439 shares in the last quarter. Finally, Comerica Bank increased its holdings in shares of Ecopetrol by 1.2% in the 4th quarter. Comerica Bank now owns 120,025 shares of the oil and gas company’s stock worth $2,164,000 after purchasing an additional 1,367 shares in the last quarter.
Ecopetrol Company Profile
Ecopetrol SA operates as an integrated oil and gas company. The company operates through three segments: Exploration and Production; Transport and Logistics; and Refining, Petrochemical, and Biofuels. It produces crude oil and gas; and engages in the extraction, collection, treatment, storage, commercialization, and pumping.
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