Ecopetrol S.A. (NYSE:EC – Get Rating) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 4,470,000 shares, an increase of 6.2% from the February 13th total of 4,210,000 shares. Based on an average daily volume of 2,390,000 shares, the short-interest ratio is presently 1.9 days. Currently, 0.2% of the company’s shares are short sold.
Ecopetrol Price Performance
Shares of EC opened at $9.89 on Friday. Ecopetrol has a 1-year low of $8.59 and a 1-year high of $19.81. The stock has a market cap of $20.33 billion, a PE ratio of 2.60 and a beta of 1.41. The firm has a 50-day simple moving average of $11.07 and a two-hundred day simple moving average of $10.28. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.36 and a quick ratio of 1.15.
Ecopetrol Announces Dividend
The business also recently declared a — dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, December 20th will be given a dividend of $0.1479 per share. This represents a dividend yield of 20.4%. The ex-dividend date of this dividend is Tuesday, December 19th. Ecopetrol’s dividend payout ratio is presently 38.32%.
Wall Street Analyst Weigh In
Institutional Investors Weigh In On Ecopetrol
A number of institutional investors have recently made changes to their positions in the stock. Parallax Volatility Advisers L.P. acquired a new stake in shares of Ecopetrol during the fourth quarter valued at about $187,000. Schonfeld Strategic Advisors LLC boosted its stake in shares of Ecopetrol by 156.7% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 97,300 shares of the oil and gas company’s stock valued at $1,019,000 after purchasing an additional 59,400 shares during the period. Millennium Management LLC boosted its stake in shares of Ecopetrol by 215.8% in the fourth quarter. Millennium Management LLC now owns 2,381,687 shares of the oil and gas company’s stock valued at $24,936,000 after purchasing an additional 1,627,411 shares during the period. Mariner LLC purchased a new position in shares of Ecopetrol in the fourth quarter valued at approximately $144,000. Finally, Norges Bank purchased a new position in shares of Ecopetrol in the fourth quarter valued at approximately $7,158,000. 1.30% of the stock is currently owned by institutional investors and hedge funds.
Ecopetrol SA engages in the exploration, development, and production of crude oil and natural gas. It operates through the following segments: Exploration and Production, Transportation and Logistics, and Refining and Petrochemicals. The Exploration and Production segment deals with oil and gas exploration and production activities.
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