Engelhard News

According to GuruFocus list of 52-week lows , these Guru stocks have reached their 52-week lows.

Ecopetrol S.A. announced that its Board of Directors approved the allocation of an extra US$502 million for the modernization project of its Cartagena Refinery in 2013.

The company involves in the activities such as exploration and production of crude oil; and research, development, hydrocarbon sediments and natural gas.

The decision was made after the management team of Reficar asked for the additional funds based on an estimated budget of US$6,467 million.

According to GuruFocus list of 52-week lows , these Guru stocks have reached their 52-week lows.

A number of other analysts have also recently weighed in on EC. Analysts at Citigroup upgraded shares of Ecopetrol S.A. from a "sell" rating to a "neutral" rating in a research note to investors on Tuesday, April 23rd.

Ecopetrol SA , the world's eighth- largest oil company by market value, reported first-quarter profit that trailed analysts' estimates after declining crude prices pared sales.

These Guru stocks have reached their 52-week lows, according to the GuruFocus list of 52-week lows .

These ratings cover debt issuances by Ecopetrol S.A. in and the agency's opinion concerning the strong likelihood of timely and sufficient support to the company by its main shareholder.