Ecopetrol (NYSE:EC) Reaches New 12-Month Low at $11.75

Ecopetrol S.A. (NYSE:ECGet Rating) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $11.75 and last traded at $12.18, with a volume of 4649038 shares changing hands. The stock had previously closed at $13.68.

Several equities research analysts have recently commented on the stock. TheStreet upgraded shares of Ecopetrol from a “c” rating to a “b-” rating in a research note on Monday, April 18th. StockNews.com began coverage on Ecopetrol in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Morgan Stanley downgraded shares of Ecopetrol from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 1st. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $15.60.

The company has a 50-day moving average of $15.92 and a 200-day moving average of $15.67. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.38 and a quick ratio of 1.13.

The business also recently declared a Variable dividend, which will be paid on Friday, July 8th. Shareholders of record on Wednesday, June 29th will be paid a $0.797 dividend. This represents a yield of 19.5%. The ex-dividend date of this dividend is Tuesday, June 28th. Ecopetrol’s payout ratio is currently 99.32%.

Institutional investors have recently added to or reduced their stakes in the company. Virtus ETF Advisers LLC lifted its holdings in shares of Ecopetrol by 22.5% in the fourth quarter. Virtus ETF Advisers LLC now owns 147,630 shares of the oil and gas company’s stock valued at $1,903,000 after purchasing an additional 27,141 shares in the last quarter. Bfsg LLC lifted its holdings in shares of Ecopetrol by 7.0% in the fourth quarter. Bfsg LLC now owns 27,859 shares of the oil and gas company’s stock valued at $359,000 after purchasing an additional 1,815 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Ecopetrol in the third quarter valued at about $665,000. Colony Group LLC lifted its holdings in shares of Ecopetrol by 27.9% in the third quarter. Colony Group LLC now owns 19,933 shares of the oil and gas company’s stock valued at $286,000 after purchasing an additional 4,351 shares in the last quarter. Finally, Yousif Capital Management LLC bought a new stake in shares of Ecopetrol in the fourth quarter valued at about $410,000. Institutional investors own 1.23% of the company’s stock.

About Ecopetrol (NYSE:EC)

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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