Ecopetrol S.A. (NYSE:EC - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.95 and traded as high as $9.82. Ecopetrol shares last traded at $9.48, with a volume of 2,615,670 shares traded.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered Ecopetrol from a "buy" rating to a "hold" rating in a research report on Monday, March 17th.
Check Out Our Latest Report on EC
Ecopetrol Trading Up 1.7%
The company has a current ratio of 1.53, a quick ratio of 1.28 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $20.34 billion, a PE ratio of 6.52 and a beta of 0.82. The stock has a 50 day moving average price of $8.74 and a 200-day moving average price of $8.98.
Ecopetrol Cuts Dividend
The company also recently declared an annual dividend, which was paid on Tuesday, May 6th. Shareholders of record on Monday, April 28th were paid a dividend of $0.5202 per share. The ex-dividend date of this dividend was Monday, April 28th. This represents a dividend yield of 34.2%. Ecopetrol's dividend payout ratio is currently 99.34%.
Hedge Funds Weigh In On Ecopetrol
Several institutional investors have recently made changes to their positions in EC. Charles Schwab Investment Management Inc. increased its position in Ecopetrol by 63.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 696,412 shares of the oil and gas company's stock worth $5,516,000 after buying an additional 271,296 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Ecopetrol in the 4th quarter worth approximately $2,060,000. JPMorgan Chase & Co. raised its stake in Ecopetrol by 22.9% during the 4th quarter. JPMorgan Chase & Co. now owns 850,753 shares of the oil and gas company's stock worth $6,738,000 after acquiring an additional 158,585 shares during the period. Vanguard Group Inc. lifted its holdings in Ecopetrol by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 3,147,859 shares of the oil and gas company's stock valued at $24,931,000 after purchasing an additional 96,909 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Ecopetrol in the fourth quarter worth approximately $13,760,000.
Ecopetrol Company Profile
(
Get Free Report)
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.
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