Ecopetrol’s NYSE-listed ADRs (EC) are up about 3.33% to $14.40 in Monday trading (April 13, 2026), with buying interest clustering around two near-term catalysts: (1) the upcoming dividend payment approved at the March 27 shareholder meeting and (2) a cooling of labor-disruption fears after last week’s leadership shake-up. The dividend was approved at COP 121 per share for 2025 earnings, with minority shareholders slated to receive a single installment no later than April 30, 2026, putting income-focused investors back in the trade as the payment window approaches. (marketscreener.com)

A key overhang last week was management uncertainty and the potential for operational disruption. The strike threat eased after the CEO was removed, and the workers union backed off, helping reduce the perceived probability of near-term production or logistics interruptions—often a fast-moving driver for a national oil champion with large domestic infrastructure exposure. As that risk premium cools, short-covering and tactical re-risking can magnify day-to-day moves in the ADR. (worldoil.com)

Separately, investors have been digesting Ecopetrol’s updated debt-management posture after Colombia’s Finance Ministry authorized an external loan transaction of up to $1.25 billion as part of its broader refinancing strategy. While not necessarily the day’s direct trigger, incremental clarity on liquidity and refinancing flexibility can support the equity on risk days—especially amid elevated political scrutiny and credit sensitivity. (prnewswire.com)

Traders will be focused on concrete dividend mechanics (record/ex-dividend timing and ADR payment logistics), any further board actions around the leadership transition, and updates that connect debt actions to interest expense and maturity profiles. Any change in the dividend timetable, additional governance surprises, or abrupt shifts in crude pricing could quickly reverse the tone that’s lifting the ADR today. (prnewswire.com)