NEW YORK ( TheStreet) -- The ex-dividend date for Ecopetrol (NYSE: EC) is tomorrow, October 7, 2011. Owners of shares as of market close today will be eligible for a dividend of 53 cents per share. At a price of $40.33 as of 9:30 a.m. ET, the dividend yield is 4.9%.

The average volume for Ecopetrol has been 472,700 shares per day over the past 30 days. Ecopetrol has a market cap of $79.8 billion and is part of the basic materials sector and energy industry. Shares are down 7.6% year to date as of the close of trading on Wednesday.

Ecopetrol S.A. operates as an integrated oil company in Colombia, Peru, Brazil, and the U.S. Gulf Coast. The company engages in the exploration, development, and production of crude oil and natural gas. The company has a P/E ratio of 10.9, below the average energy industry P/E ratio of 18.8 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Ecopetrol as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Ecopetrol Ratings Report.

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