Ecopetrol (NYSE:EC)’s share price rose 0.7% during trading on Tuesday . The stock traded as high as $23.34 and last traded at $23.08. Approximately 74,118 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 1,663,341 shares. The stock had previously closed at $22.92.

A number of equities research analysts have issued reports on EC shares. HSBC downgraded Ecopetrol from a “hold” rating to a “reduce” rating in a research report on Tuesday, January 23rd. TheStreet raised Ecopetrol from a “c+” rating to a “b-” rating in a research report on Wednesday, January 24th. Zacks Investment Research raised Ecopetrol from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Tuesday, January 30th. Citigroup downgraded Ecopetrol from a “neutral” rating to a “sell” rating in a research report on Monday, February 5th. Finally, JPMorgan Chase downgraded Ecopetrol from a “neutral” rating to an “underweight” rating and boosted their price target for the company from $9.30 to $12.00 in a research report on Tuesday, February 20th. Seven investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Ecopetrol currently has a consensus rating of “Hold” and an average target price of $13.00.

The company has a quick ratio of 0.99, a current ratio of 1.23 and a debt-to-equity ratio of 0.75. The stock has a market cap of $47.61 billion, a PE ratio of 40.63 and a beta of 1.26.

The company also recently declared a special dividend, which was paid on Friday, April 27th. Shareholders of record on Wednesday, April 18th were given a dividend of $0.6374 per share. The ex-dividend date was Tuesday, April 17th. This is an increase from Ecopetrol’s previous special dividend of $0.16.

A number of hedge funds have recently bought and sold shares of the business. Stifel Financial Corp grew its position in Ecopetrol by 22.4% during the first quarter. Stifel Financial Corp now owns 12,531 shares of the oil and gas company’s stock valued at $239,000 after acquiring an additional 2,297 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of Ecopetrol by 8.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 37,775 shares of the oil and gas company’s stock worth $553,000 after buying an additional 3,021 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Ecopetrol by 62.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 19,836 shares of the oil and gas company’s stock worth $290,000 after buying an additional 7,623 shares during the period. Banco de Sabadell S.A purchased a new stake in shares of Ecopetrol in the first quarter worth about $184,000. Finally, Segall Bryant & Hamill LLC purchased a new stake in shares of Ecopetrol in the first quarter worth about $193,000. 2.81% of the stock is owned by hedge funds and other institutional investors.

About Ecopetrol

Ecopetrol SA operates as an integrated oil and gas company. It operates through three segments: Exploration and Production; Refining, Petrochemical, and Biofuels; and Transport and Logistics. The company produces crude oil and gas; and engages in the extraction, collection, treatment, storage and pumping or compression of hydrocarbons.

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