Leaders Need To Put Culture On An Equal Footing With Strategy

… a series of legal cases over the employment status of its drivers and the replacement of its co-founder CEO Travis Kalanick by Dara Khosrowshahi.

Dara Khosrowshahi had to move fast to address cultural issues when he became chief executive officer of Uber. (Photographer: Patrick T. Fallon/Bloomberg, Photocredit: © 2019 Bloomberg Finance LP)

© 2019 Bloomberg Finance LP

It is unfortunate that the lengthiest blurb for Kirsty Bashforth’s book Culture Shiftis from Iain Conn, outgoing chief executive of Centrica, the U.K.’s biggest energy supplier. Today, just a week after the book appeared, Conn is prominent in the business pages of newspapers, because of the announcement of his departure from the company best known for owning British Gas. The U.K.’s energy sector is something of a minefield, with companies battling with regulators, politicians and rival businesses in almost equal measure. So there is some sympathy for the view that Conn’s departure is down to the external factors that have buffeted the organisation. But there is also criticism of Conn’s decision, following a strategic review launched soon after he took over as CEO in early 2015, to focus on supposed growth areas, such as selling smart energy technology, while selling businesses that had previously been central to its operations. And then there was the recurring issue of his pay — over the four years since he joined from his post of running refining and marketing operations at BP he earned more than £11 million while cutting jobs and presiding over a slide in the share price. So there might be the odd snigger over his remarks about the importance of culture.

But this should not detract from what is a fascinating and valuable book. Bashforth, chief executive of QuayFive, which advises CEOs on change, organizational culture and leadership, was previously group head of organizational effectiveness at BP. In this role she designed and delivered the shift in the company’s culture in the wake of the Deepwater Horizon oil spill in the Gulf of Mexico in 2010. Given this experience on top of two decades working in various roles with the company around the world, it is hardly surprising that many of the case studies she chooses are from BP. But there are plenty of other examples to help make the case for culture to be taken more seriously than it is. A notable one is the reminder of how the ride hailing business Uber went through a rethink of its culture following a series of legal cases over the employment status of its drivers and the replacement of its co-founder CEO Travis Kalanick by Dara Khosrowshahi. It was, she says, “a prime example” of culture and strategy moving out of step and creating real problems. “An organization needs to focus on how it does business at different stages of its maturity and scale from a cultural, not simply structural standpoint, and that needs planning,” adds Bashforth.

Bashforth does not want to get involved in the debate over whether strategy or culture are more important. She prefers to see them as equals. But she does insist that “culture matters because businesses consist of people, not algorithms (well, for the most part …) and things go wrong or right because of them. Major corporate disasters happen because of human actions, which although sometimes unintentional nonetheless still result in bad outcomes. And on the flip-side, we all know that when a team pulls together, aligns behind a cohesive purpose, clear strategy and consistent ethos, it is one that more often excels.”

“Alignment” is something of a buzzword in business today. But Bashforth points out that, even when talking of aligning purpose with strategy, many organizations ignore culture. This is a mistake, she says, because it is “the final piece in the jigsaw.” Elsewhere, she calls on another topic of the moment — behavioural economics — to make the point that people do not always do what they might be expected to or what is logical. “Accept baggage exists,” she says.

Indeed, it is precisely because culture is so difficult to understand and to describe that there is no one size fits all. Bashforth’s book is a helpful guide for the way that it sprays out snippets of advice for handling specific situations that the reader is convinced the author has experienced. But in the end it all comes down to the assertion that culture should be on the same footing as strategy. So if — as is the case — most organizations have somebody responsible for strategy then why is there not a similar role for culture? “You may not need a full-time air-traffic controller for culture, but I would propose that there is someone who has stewardship and responsibility for ensuring the focus and consistency remains.”

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Iranian Oil Spills on Syria’s Shores: A Brief OSINT Overview of an Environmental Incident

In this article, we make a quick analysis using open-source information and satellite imagery from Planet Labs and Sentinel 2 satellites to show the …

A mysterious incident occurred off the coast of Syria late June of this year. Local news reported that a sabotage action took place on underwater oil pipelines at the Baniyas oil terminal. Scarce information was available on what exactly happened and the resulting impact, yet the likely use of magnetic limpet mines and scuba divers indicate a state or state-sponsored sabotage operation. Footage of the exploded pipelines were disseminated on social media, while an item on Syrian television showed how the crude oil polluted the shores and local environment. In the meantime, the crisis with oil tankers in the Persian Gulf was already brewing, with alleged attacks on various oil tankers with limpet mines, and subsequent capture of the GRACE 1 Iranian tanker at Gibraltar by the United Kingdom,heading for Baniyas refinery with 2.1 million barrels of light crude oil. This incident would have also consequences for Syria, as the Baniyas oil refinery appears to be a crucial lifeline for the Syrian economy. In this article, we make a quick analysis using open-source information and satellite imagery from Planet Labs and Sentinel 2 satellites to show the marine pollution from the spill, subsequent tanker visits, and discuss potential wider environmental impact that could be unfolding as a result of the apparently sabotaged pipelines.

Baniyas Refinery

Syria’s Oil Economy

Syria’s oil and gas has always been a major source of income and import for domestic use. Prior to the ongoing civil war, the annual crude oil production in 2011 was roughly 400,000 barrels per day, according to the US Energy Information Administration, while also producing naphfta, jet kerosene, diesel, and fuel oil. The oil production took place in the fields of Deir ez Zor, Hasakah, with most of the gas being extracted from the fields of Hama. A network of pipelines and pumping stations ran across the country to transport this to the refineries in Homs and Baniyas.

Early on in the conflict, these pipelines were often targeted by armed groups to impact the regime’s oil production, for example in Homs in February 2012, where an oil pipeline near the refinery washit, resulting in large fire and a cloud of smoke west of the city. These attacks continued throughout the conflict, where the Syrian regime, armed groups, the US-led Coalition, and the Russian Air Force bombed oil infrastructures.

Thick black clouds of burning oil are visible after an oil pipeline was hit at Homs, February 2012. Maxar

The conflict significantly impacted oil production, dropping to 10,000 barrels per day (BPD) in 2015, and currentlyestimated to be 18,000 BPD in regime-controlled areas. There are various substantiated links that the regime is still importing oil and gas from the areas controlled by the Syrian Democratic Forces (SDF) that currently control most of the larger oil fields east of the Euphrates River. Nonetheless, the regime’s dependence on imports grew, and Iran plays a lifeline role in providing the regime with crude oil and refined products

Syrian Oil Production 2007-2018. Source: CEIC

According to areport by Chatham House on Syria’s oil industry, the Baniyas refinery plays a key role in the trade with Iran. The refinery has astated capacity of 6 million metric tons of refining per year. Oil imports from Iran peaked to 125,000 BPD in 2015, and was needed in order to fuel not only Syrian society, but the conflict itself. The growing shortage of access to fuel started have created a toll on both the government and non-government-controlled areas. Kerosene burners are commonly used in household for heating and gas for cooking and decreased flow of fuel had impact on households. The collapse of access to oil and gas resulted in a drastic increase of deforestation inLatakia, Idlib, and Damascus, as firewood collection increased. At the same time, artisanal refining replaced professional refining and has been rampant throughout the east and parts of western Syria. The cutting down of forest and artisanal oil production have already laid claim to much of Syria’s lush vegetation, leading to localizedpollution and breakdown of ecosystems.

Targeting Baniyas

On 22 June 2019, it is alleged that explosives were placed on underwater pipelines at the Baniyas Single Buoy Mooring (SBM) stations, located roughly a kilometre off the coast, causing a month-long oil spill that washed up the coastline north of Baniyas towards Latakia. Near the port, there are a handful of SBMs for both crude oil and refined products with pipelines leading to the Baniyas refinery. From images disseminated by the SANA news agency shows the exploded pipelines, and dead fish around the pipelines

Images by SANA news agency

Satellite images from ESA Sentinel 2, processed with Sentinel, provides an optical view on the 22-kilometre-long oil spill, while the Iranian crude oil tankerSTARK 1 is waiting off the coast, as identified by TankerTrackers.com.

High-resolution imagery on June 25 distinctly visualizes the crude oil on the water surface along Baniyas’s northern coastline, while the Stark 1 was waiting nearby and seemingly divers were working on repairs

Helpful to have high resolution imagery dated June 25, 2019, showing the #oil spill at the coast of Baniyas refinery in #Syria caused by the damaged underwater pipelines. pic.twitter.com/LlzBnnrZ6W

— Wim Zwijnenburg (@wammezz) July 30, 2019

#PT Iranian crude oil tanker STARK 1 https://t.co/P28fYMDtXW was waiting off the coast of Baniyas while some divers were trying to fix the damaged pipeline at the mooring on 25 June 2019 #OOTTpic.twitter.com/4hh0t5aG8o

— Samir (@obretix) July 31, 2019

Footage from local TV stations, which interviewed officials, confirmed the spills on the coast, and giving background information on the affected areas. The oil spills allegedly ended up on the coast all the way north at Latakia and on the beaches of Tartous, south of Baniyas, which gives it a range of roughly 100 kilometres.

Yet the story did not end there, as over the course of weeks, more Iranian tanker ships were arriving at the SBM, including the 1-million-barrel-capacity crude oil tanker SILVIA I, and at the end of July, theSABITI crude oil tanker arrived at the SBM.

Ships and potential spills at Baniyas coast. Images by Planet Labs

However, unlike the SILVIA I, the SABITI has not yet discharged its cargo, as one of the submarine pipelines has not been fully repaired. A fifteen-kilometer-long oil spill was visible near the ships on imagery dated July 27.

In June and July, imagery from Planet Labs shows both crude oil tankers (green decks) as well as tankers with refined product (red decks) at the Baniyas ports.

According to export from TankerTrackers.com, the spills visible are likely the residual oil that is often found in the pipeline, also known as pipefill. This could be possible, yet another option could also be minimal spills during discharging that end up in the water, as spills are visible near the ships on satellite imagery.

On July 30th, TankerTrackers.com has assessed (with Planet Labs imagery) that the SABITI has managed to discharge part of its oil cargo via the pipeline, but at a far slower rate than usual, most likely due to the unstable nature of the pipeline as it might not handle high pressure flow.

Rapid remediation of crude oil at the coast is important, as the volatile products from the crude oil will quickly evaporate, leaving the thick tar blankets of oil on Syria’s shores, affecting aquatic life and shore soils, including animal life such as birds, that can be contaminated with the crude oil slick.

In sum, open source analysis shows us that the attack on the oil pipelines at Baniyas SBMS continues to pollute the local marine environment of Syria’s coast. The announced repairs after the June 22nd incident did not seem to have great effect, as spills continued to be visible on satellite imagery provided by Planet Labs and ESA’s Sentinel-2.

At the moment, the size of the spill remains unclear, but reports indicate, if true, that crude oil or other oil products washed ashore over a stretch of 100 kilometres. At various subsequent attempts after June 22 of Iranian oil deliveries at the SBMs at Baniyas, new spills have been visible on satellite imagery, likely indicating failed repair attempts of the pipelines. This incident underscores the potential consequences of targeting oil infrastructure and the subsequent marine pollution fallout. As a secondary impact, absence of access to fuel for heating and cooking for Syrian civilians also resulted in alternative fuel sources being used, leading to deforestation and increase of makeshift refining in Syria. Considering the ongoing tensions in Deir ez Zor between the Syrian army, the SDF, local communities and other armed groups over the oil production, the looming Turkish threat to the oil fields in north eastern Syria and regional oil politics around import of Iranian oil, Syria will likely face a range of conflict pollution incidents over its oil resources.

Thanks to @TankerTrackers for additional information and support

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IMI PLC (LON:IMI) “Buy” Rating Reiterated at Deutsche Bank; Private Capital Management Has …

Redpoint Ventures II – L.P. sold $2.93M worth of IMI plc (LON:IMI) on Monday, May 6. The stock increased 1.95% or GBX 20.5 during the last trading …

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Private Capital Management Llc decreased National Fuel Gas Co. (NFG) stake by 33.35% reported in 2019Q1 SEC filing. Private Capital Management Llc sold 129,435 shares as National Fuel Gas Co. (NFG)’s stock declined 2.11%. The Private Capital Management Llc holds 258,678 shares with $15.77 million value, down from 388,113 last quarter. National Fuel Gas Co. now has $3.98B valuation. The stock decreased 1.64% or $0.77 during the last trading session, reaching $46.07. About 1.17M shares traded or 90.05% up from the average. National Fuel Gas Company (NYSE:NFG) has risen 10.91% since July 29, 2018 and is uptrending. It has outperformed by 6.48% the S&P500. Some Historical NFG News: 08/03/2018 National Fuel Declares Quarterly Dividend and Reports Preliminary Voting Results from Annual Meeting of Stockholders; 03/05/2018 – National Fuel Gas 2Q Rev $339.4M; 19/04/2018 – Pennsylvania PUC: PUC Releases Focused Management and Operations Audit Report for National Fuel Gas; 03/05/2018 – NATIONAL FUEL GAS CO – CAPITAL EXPENDITURE GUIDANCE WAS REVISED TO A RANGE OF $610 MLN TO $680 MLN; 03/05/2018 – NATIONAL FUEL 2Q OPER EPS $1.11, EST. $1.06; 16/05/2018 – National Fuel May Benefit, Natural Gas Best in More Than 5 Years; 17/04/2018 – National Fuel May Benefit, Industry Posts 6th Straight Gain; 16/03/2018 – National Fuel May Benefit, Industry Posts 5th Consecutive Gain; 03/05/2018 – NATIONAL FUEL SEES FY EPS $3.20 TO $3.35, EST. $3.28; 19/03/2018 – NATIONAL FUEL GAS FILES MIXED SECURITIES SHELF

Deutsche Bank maintained their “Buy” rating on IMI PLC (LON:IMI)‘s stock in a report revealed to investors and clients on Monday, 29 July.

Another recent and important IMI plc (LON:IMI) news was published by Finance.Yahoo.com which published an article titled: “Is IMI plc’s (LON:IMI) 3.9% Dividend Worth Your Time? – Yahoo Finance” on June 27, 2019.

Since February 28, 2019, it had 0 insider buys, and 2 sales for $3.13 million activity. Redpoint Ventures II – L.P. sold $2.93M worth of IMI plc (LON:IMI) on Monday, May 6.

The stock increased 1.95% or GBX 20.5 during the last trading session, reaching GBX 1070.5. About 103,337 shares traded. IMI plc (LON:IMI) has 0.00% since July 29, 2018 and is . It has underperformed by 4.43% the S&P500.

Investors sentiment decreased to 0.8 in 2019 Q1. Its down 0.11, from 0.91 in 2018Q4. It worsened, as 6 investors sold IMI plc shares while 4 reduced holdings. 3 funds opened positions while 5 raised stakes. 18.96 million shares or 2.22% less from 19.39 million shares in 2018Q4 were reported. Bridgeway Management accumulated 313,100 shares. Acadian Asset Mngmt Limited Liability Co reported 91,197 shares or 0% of all its holdings. Northern Trust invested in 25,694 shares or 0% of the stock. Deutsche Bancorporation Ag invested in 0% or 230,500 shares. Geode Management Limited Liability Com has invested 0% of its portfolio in IMI plc (LON:IMI). Roumell Asset Mgmt Ltd stated it has 1.05 million shares. Panagora Asset Mgmt has 0% invested in IMI plc (LON:IMI). Royal Savings Bank Of Canada has invested 0% in IMI plc (LON:IMI). Penbrook Mngmt Limited reported 30,000 shares. Renaissance Techs Ltd Liability accumulated 0% or 1.49 million shares. Morgan Stanley accumulated 6 shares. Retail Bank Of America Corp De has invested 0% in IMI plc (LON:IMI). Wells Fargo & Mn invested 0% in IMI plc (LON:IMI). Prelude Cap Mngmt Ltd Llc has 150,024 shares for 0.01% of their portfolio. Moreover, Raging Mgmt Limited Liability Company has 2.46% invested in IMI plc (LON:IMI) for 14.73M shares.

IMI plc designs, manufactures, and services engineered products that control the precise movement of fluids worldwide. The company has market cap of 2.91 billion GBP. The companyÂ’s IMI Critical Engineering division provides critical flow control solutions for vital energy and process industries. It has a 16.88 P/E ratio. This division offers anti-surge valve and actuator systems to liquefied natural gas compression facilities; integrated flow control systems for critical applications in fluid catalytic cracking; valves into the ethylene and polypropylene production processes, as well as delayed coking; and turbine by-pass valves for critical applications in conventional and nuclear power plants.

Analysts await National Fuel Gas Company (NYSE:NFG) to report earnings on August, 1 after the close. They expect $0.64 EPS, down 12.33% or $0.09 from last year’s $0.73 per share. NFG’s profit will be $55.23M for 18.00 P/E if the $0.64 EPS becomes a reality. After $1.07 actual EPS reported by National Fuel Gas Company for the previous quarter, Wall Street now forecasts -40.19% negative EPS growth.

Investors sentiment decreased to 1 in 2019 Q1. Its down 0.11, from 1.11 in 2018Q4. It is negative, as 21 investors sold NFG shares while 104 reduced holdings. 46 funds opened positions while 79 raised stakes. 61.38 million shares or 2.80% less from 63.15 million shares in 2018Q4 were reported. Gabelli Investment Advisers Inc holds 6,900 shares. Lpl Ltd Liability Corporation owns 26,884 shares. Fdx reported 8,626 shares or 0.02% of all its holdings. Advisory Alpha Limited Co stated it has 0% of its portfolio in National Fuel Gas Company (NYSE:NFG). Tci Wealth Advsrs has invested 0% in National Fuel Gas Company (NYSE:NFG). Tortoise Advsr Ltd Com accumulated 23 shares. Verition Fund Mgmt Lc owns 5,000 shares for 0.01% of their portfolio. M&T Bank & Trust owns 0% invested in National Fuel Gas Company (NYSE:NFG) for 11,564 shares. Aristotle Cap Mngmt Ltd Liability accumulated 5.83 million shares. 113 are owned by Assetmark Inc. State Of Alaska Department Of Revenue holds 0.01% or 10,395 shares. Advisory Ser Net Ltd Liability invested 0.03% in National Fuel Gas Company (NYSE:NFG). Perella Weinberg Prns Mgmt Limited Partnership accumulated 13,209 shares. Commonwealth Bankshares Of Australia has invested 0.01% in National Fuel Gas Company (NYSE:NFG). Cornercap Counsel Incorporated accumulated 33,405 shares.

More notable recent National Fuel Gas Company (NYSE:NFG) news were published by: Globenewswire.com which released: “National Fuel Gas Company: Teleconference Announcement NYSE:NFG – GlobeNewswire” on July 11, 2019, also Benzinga.com with their article: “Stocks That Managed to Breach 52-Week Lows Friday – Benzinga” published on July 26, 2019, Finance.Yahoo.com published: “Is National Fuel Gas Company (NFG) A Good Stock To Buy? – Yahoo Finance” on June 24, 2019. More interesting news about National Fuel Gas Company (NYSE:NFG) were released by: Benzinga.com and their article: “List of Companies Reaching Yearly Lows Tuesday – Benzinga” published on July 23, 2019 as well as Finance.Yahoo.com‘s news article titled: “Here’s What Hedge Funds Think About National Fuel Gas Company (NFG) – Yahoo Finance” with publication date: April 24, 2019.

Private Capital Management Llc increased Lakeland Industries Inc. (NASDAQ:LAKE) stake by 157,625 shares to 713,265 valued at $8.37M in 2019Q1. It also upped Ishares Russell 2000 Index (IWM) stake by 7,600 shares and now owns 10,500 shares. Information Services Group (NASDAQ:III) was raised too.

Since February 8, 2019, it had 0 insider purchases, and 1 insider sale for $564,928 activity. Shares for $564,928 were sold by SMITH DAVID F.

National Fuel Gas Company (NYSE:NFG) Institutional Positions Chart

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Bp Plc Sponsored Adr (BP) Shareholder Hwg Holdings LP Cut Its Holding as Stock Declined; 2U …

The stock decreased 2.68% or $0.98 during the last trading session, reaching $35.57. About 852,204 shares traded. 2U, Inc. (NASDAQ:TWOU) has …

2U, Inc. (NASDAQ:TWOU) Logo

Timessquare Capital Management Llc increased its stake in 2U Inc. (TWOU) by 7.43% based on its latest 2019Q1 regulatory filing with the SEC. Timessquare Capital Management Llc bought 130,620 shares as the company’s stock declined 38.30% while stock markets rallied. The institutional investor held 1.89 million shares of the technology company at the end of 2019Q1, valued at $133.77M, up from 1.76M at the end of the previous reported quarter. Timessquare Capital Management Llc who had been investing in 2U Inc. for a number of months, seems to be bullish on the $2.24 billion market cap company. The stock decreased 2.68% or $0.98 during the last trading session, reaching $35.57. About 852,204 shares traded. 2U, Inc. (NASDAQ:TWOU) has declined 56.18% since July 27, 2018 and is downtrending. It has underperformed by 60.61% the S&P500. Some Historical TWOU News: 11/04/2018 – 2U: Harsha Mokkarala Will Become Chief Rev Officer; 03/05/2018 – 2U Sees 2Q Loss/Shr 42c-Loss 41c; 20/04/2018 – 2U, Inc. Named a 2018 Top Workplace by The Denver Post; 22/05/2018 – 2U, OFFERING PRICES AT $90.00/SHR; 03/05/2018 – 2U Sees 2Q Rev $95.1M-$96.1M; 03/05/2018 – 2U Sees 2018 Rev $406.6M-$410.6M; 21/05/2018 – 2U: Chernis Joins 2U From Pearson; 11/04/2018 – 2U, Inc. Announces Three Senior Leadership Team Promotions; 03/05/2018 – 2U INC SEES FY 2018 REVENUE $406.6 MLN – $410.6 MLN; 21/05/2018 – Mark Chernis Joins 2U, Inc. as Chief Operating Officer

Hwg Holdings Lp decreased its stake in Bp Plc Sponsored Adr (BP) by 25.5% based on its latest 2019Q1 regulatory filing with the SEC. Hwg Holdings Lp sold 17,885 shares as the company’s stock declined 2.04% while stock markets rallied. The institutional investor held 52,242 shares of the integrated oil company at the end of 2019Q1, valued at $2.28 million, down from 70,127 at the end of the previous reported quarter. Hwg Holdings Lp who had been investing in Bp Plc Sponsored Adr for a number of months, seems to be less bullish one the $132.76B market cap company. The stock decreased 0.03% or $0.01 during the last trading session, reaching $38.98. About 9.84 million shares traded or 75.91% up from the average. BP p.l.c. (NYSE:BP) has declined 9.98% since July 27, 2018 and is downtrending. It has underperformed by 14.41% the S&P500. Some Historical BP News: 26/04/2018 – BP PLC – UNDER PSA, WHICH IS FOR 25 YEARS, BP WILL BE OPERATOR DURING EXPLORATION PHASE HOLDING A 50 PER CENT INTEREST WHILE SOCAR WILL HOLD REMAINING 50 PCT INTEREST; 10/04/2018 – BP BP COMMITS TO 2 NEW NORTH SEA DEVELOPMENTS; 29/03/2018 – BP chief Dudley’s 2017 pay rises after previous year’s cut; 10/04/2018 – BP SAYS COMPANY HAS LOOKED AT VARIOUS OPTIONS IN THE PERMIAN; 21/05/2018 – BP shareholders approve CEO’s pay; 10/04/2018 – BP: PARIS WAS ABOUT CUTTING EMISSIONS, NOT JUST RENEWABLES; 28/05/2018 – BP boss to champion European values; 19/04/2018 – GOLAR LNG – PRELIMINARY AGREEMENT ALSO INCLUDES AN OPTION, BUT NOT AN OBLIGATION, FOR BP ON A SECOND FLNG VESSEL; 23/05/2018 – BP Capital Fund Advisors’ Loftin on the BOON ETF (Video); 01/05/2018 – BP’S MACONDO PAYMENTS NEXT YEAR WILL BE AROUND $2 BILLION

More notable recent 2U, Inc. (NASDAQ:TWOU) news were published by: Prnewswire.com which released: “New Coding Boot Camp Launches in Baltimore to Meet Rising Demand for Tech Talent – PRNewswire” on July 18, 2019, also Finance.Yahoo.com with their article: “Hedge Funds Have Never Been More Bullish On 2U Inc (TWOU) – Yahoo Finance” published on June 19, 2019, Nasdaq.com published: “3 Top Tech Stocks to Buy in July – Nasdaq” on July 09, 2019. More interesting news about 2U, Inc. (NASDAQ:TWOU) were released by: Nasdaq.com and their article: “Why 2U Stock Plunged 37.2% in May – Nasdaq” published on June 04, 2019 as well as Finance.Yahoo.com‘s news article titled: “Is 2U Inc (TWOU) A Good Stock To Buy Right Now? – Yahoo Finance” with publication date: April 27, 2019.

Timessquare Capital Management Llc, which manages about $20.35B and $12.98 billion US Long portfolio, decreased its stake in Td Ameritrade Holding Cor (NYSE:AMTD) by 764,400 shares to 850,400 shares, valued at $42.51M in 2019Q1, according to the filing. It also reduced its holding in Argenx Se Adr by 5,000 shares in the quarter, leaving it with 123,155 shares, and cut its stake in Floor & Decor Holdings In.

Analysts await BP p.l.c. (NYSE:BP) to report earnings on July, 30. They expect $0.83 EPS, down 2.35% or $0.02 from last year’s $0.85 per share. BP’s profit will be $2.83 billion for 11.74 P/E if the $0.83 EPS becomes a reality. After $0.70 actual EPS reported by BP p.l.c. for the previous quarter, Wall Street now forecasts 18.57% EPS growth.

More notable recent BP p.l.c. (NYSE:BP) news were published by: Realmoney.Thestreet.com which released: “BP Looks Capable of a Rally to $46 and Maybe $47-$48 After That – TheStreet.com” on July 01, 2019, also 247Wallst.com with their article: “Short Sellers May Be Moving Out of Energy Stocks – 24/7 Wall St.” published on July 25, 2019, 247Wallst.com published: “Top Analyst Upgrades and Downgrades: Acacia, Baidu, BioMarin, Boeing, BP, CSX, Deere, HCA, PepsiCo, Redfin, S&P, Trimble, Visa, Zillow and More – 24/7 Wall St.” on July 10, 2019. More interesting news about BP p.l.c. (NYSE:BP) were released by: Prnewswire.com and their article: “Bunge and BP to Create a Leading Bioenergy Company – PRNewswire” published on July 22, 2019 as well as Seekingalpha.com‘s news article titled: “Risks Threatening Transocean – Seeking Alpha” with publication date: July 25, 2019.

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As Amarin Plc (AMRN) Share Value Declined, Shareholder Apis Capital Advisors Has Raised …

Bridgewater Associates Lp decreased its stake in Murphy Oil Corp (MUR) by 79.67% based on its latest 2019Q1 regulatory filing with the SEC.

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Bridgewater Associates Lp decreased its stake in Murphy Oil Corp (MUR) by 79.67% based on its latest 2019Q1 regulatory filing with the SEC. Bridgewater Associates Lp sold 427,801 shares as the company’s stock declined 0.53% while stock markets rallied. The hedge fund held 109,161 shares of the oil & gas production company at the end of 2019Q1, valued at $3.20 million, down from 536,962 at the end of the previous reported quarter. Bridgewater Associates Lp who had been investing in Murphy Oil Corp for a number of months, seems to be less bullish one the $3.87 billion market cap company. The stock decreased 0.45% or $0.1 during the last trading session, reaching $22.28. About 310,152 shares traded. Murphy Oil Corporation (NYSE:MUR) has declined 8.14% since July 26, 2018 and is downtrending. It has underperformed by 12.57% the S&P500. Some Historical MUR News: 04/04/2018 – Murphy Oil Corporation Announces Dividend; 02/05/2018 – Murphy Oil 1Q Adj EPS 23c; 28/03/2018 – Murphy Oil Corp. CDS Widens 21 Bps; 02/05/2018 – Murphy Oil 1Q Net $168.3M; 02/05/2018 – Murphy Oil 1Q Cont Ops EPS 97c; 15/05/2018 – Murphy Oil at Stephens Energy Executive Summit Tomorrow; 29/03/2018 – EXXON, MURPHY AND QUEIROZ GALVAO WIN ONE BLOCK IN SERGIPE-ALAGOAS BASIN IN BRAZIL OIL AUCTION; 17/05/2018 – Malaysia’s Kimanis crude supplies to rise in July – traders; 27/03/2018 – Ditching Deep Water? Not Murphy Oil as It Expands in Brazil; 29/03/2018 – EXXON, QUEIROZ GALVAO, AND MURPHY WIN ANOTHER BLOCK IN SERGIPE ALAGOAS BASIN IN BRAZIL OIL AUCTION

Apis Capital Advisors Llc increased its stake in Amarin Corp Plc (AMRN) by 11167% based on its latest 2019Q1 regulatory filing with the SEC. Apis Capital Advisors Llc bought 1.12M shares as the company’s stock declined 1.05% while stock markets rallied. The institutional investor held 1.13M shares of the major pharmaceuticals company at the end of 2019Q1, valued at $23.39M, up from 10,000 at the end of the previous reported quarter. Apis Capital Advisors Llc who had been investing in Amarin Corp Plc for a number of months, seems to be bullish on the $6.48B market cap company. The stock decreased 0.64% or $0.12 during the last trading session, reaching $18.37. About 1.86M shares traded. Amarin Corporation plc (NASDAQ:AMRN) has risen 427.10% since July 26, 2018 and is uptrending. It has outperformed by 422.67% the S&P500. Some Historical AMRN News: 02/05/2018 – Amarin 1Q Loss/Shr 8c; 04/05/2018 – BELTA CITES BELARUS FINANCE MINISTER AMARIN ON CHINA BOND; 29/03/2018 – Amarin Sponsors Two Scientific Presentations Scheduled for National Kidney Foundation 2018 Spring Clinical Meetings; 13/04/2018 – New Research: Key Drivers of Growth for Amarin, Korea Electric Power, Star Bulk Carriers, 1-800 FLOWERS.COM, Clementia Pharmace; 27/03/2018 – Amarin Commemorates National Triglycerides Day on March 28; 12/04/2018 – Amarin Sponsors Three Scientific Presentations Scheduled for National Lipid Association Scientific Sessions; 21/03/2018 – AMARIN – REV POTENTIAL FOR VASCEPA OUTSIDE U.S. SEEN TO BE RELATIVELY MODEST UNTIL ADDITIONAL COUNTRIES APPROVAL

More notable recent Amarin Corporation plc (NASDAQ:AMRN) news were published by: Seekingalpha.com which released: “Amarin: Vascepa Is Fully Fueled After Recent Offering – Seeking Alpha” on July 23, 2019, also Nasdaq.com with their article: “Amarin (AMRN) Gains But Lags Market: What You Should Know – Nasdaq” published on November 05, 2018, Finance.Yahoo.com published: “Amarin (NASDAQ:AMRN) Shareholders Have Enjoyed A Magnificent 1356% Share Price Gain – Yahoo Finance” on July 11, 2019. More interesting news about Amarin Corporation plc (NASDAQ:AMRN) were released by: Nasdaq.com and their article: “Health Care Sector Update for 07/02/2019: WMGI,CUR,AMRN,NTGN – Nasdaq” published on July 02, 2019 as well as Nasdaq.com‘s news article titled: “Why Amarin Corporation Stock Is Exploding Higher Today – Nasdaq” with publication date: September 24, 2018.

Investors sentiment increased to 1.98 in Q1 2019. Its up 0.33, from 1.65 in 2018Q4. It increased, as 25 investors sold AMRN shares while 32 reduced holdings. 39 funds opened positions while 74 raised stakes. 143.88 million shares or 3.00% more from 139.69 million shares in 2018Q4 were reported. Tekla Ltd Com holds 0.52% or 611,352 shares. Agf Inc reported 0.09% stake. Riverhead Mgmt Lc accumulated 789 shares. Royal Bancorp Of Canada reported 19,719 shares. Neuberger Berman Group Inc Lc accumulated 54,200 shares or 0% of the stock. State Bank Of Montreal Can holds 0% or 13,000 shares in its portfolio. Moreover, Clearbridge Invs has 0.05% invested in Amarin Corporation plc (NASDAQ:AMRN) for 2.66 million shares. Hanson Mcclain Inc invested 0% of its portfolio in Amarin Corporation plc (NASDAQ:AMRN). Guggenheim Limited Liability Corporation holds 174,480 shares. Winslow Evans And Crocker holds 0.01% of its portfolio in Amarin Corporation plc (NASDAQ:AMRN) for 2,500 shares. Moreover, J Goldman & Limited Partnership has 0.02% invested in Amarin Corporation plc (NASDAQ:AMRN) for 16,691 shares. Fagan Assocs Inc stated it has 0.44% in Amarin Corporation plc (NASDAQ:AMRN). Court Place Advisors Lc accumulated 10,000 shares. Moreover, Deutsche Bank & Trust Ag has 0% invested in Amarin Corporation plc (NASDAQ:AMRN) for 94,889 shares. Comml Bank Of Mellon holds 0% of its portfolio in Amarin Corporation plc (NASDAQ:AMRN) for 36,061 shares.

Apis Capital Advisors Llc, which manages about $154.80M and $82.91M US Long portfolio, decreased its stake in Array Biopharma Inc (NASDAQ:ARRY) by 160,000 shares to 330,000 shares, valued at $8.05M in 2019Q1, according to the filing. It also reduced its holding in Dsp Group Inc (NASDAQ:DSPG) by 30,200 shares in the quarter, leaving it with 69,800 shares, and cut its stake in Silicon Motion Technology Co (NASDAQ:SIMO).

Since January 31, 2019, it had 0 insider buys, and 3 sales for $1.83 million activity. On Friday, February 15 Kalb Michael Wayne sold $439,525 worth of Amarin Corporation plc (NASDAQ:AMRN) or 25,000 shares. 37,530 shares were sold by Ketchum Steven B, worth $644,373 on Thursday, January 31.

More notable recent Murphy Oil Corporation (NYSE:MUR) news were published by: Seekingalpha.com which released: “Murphy Oil Guides To A 20% Production Increase – Seeking Alpha” on February 14, 2019, also Seekingalpha.com with their article: “Murphy Oil: Key Takeaways From The Fourth Quarter 2018 – Seeking Alpha” published on February 11, 2019, Seekingalpha.com published: “A Transformative Move By Murphy Oil Corporation – Seeking Alpha” on March 24, 2019. More interesting news about Murphy Oil Corporation (NYSE:MUR) were released by: Finance.Yahoo.com and their article: “See what the IHS Markit Score report has to say about Murphy Oil Corp. – Yahoo Finance” published on June 17, 2019 as well as Seekingalpha.com‘s news article titled: “Murphy Oil Cleans The Table Again – Seeking Alpha” with publication date: November 16, 2018.

Analysts await Murphy Oil Corporation (NYSE:MUR) to report earnings on August, 14. They expect $0.36 earnings per share, 0.00% or $0.00 from last year’s $0.36 per share. MUR’s profit will be $62.50 million for 15.47 P/E if the $0.36 EPS becomes a reality. After $0.15 actual earnings per share reported by Murphy Oil Corporation for the previous quarter, Wall Street now forecasts 140.00% EPS growth.

Investors sentiment decreased to 0.81 in Q1 2019. Its down 0.21, from 1.02 in 2018Q4. It fall, as 28 investors sold MUR shares while 104 reduced holdings. 37 funds opened positions while 70 raised stakes. 143.26 million shares or 1.22% less from 145.04 million shares in 2018Q4 were reported. Mason Street Advsr Lc accumulated 0.05% or 86,505 shares. Balyasny Asset Ltd Liability Com owns 0.12% invested in Murphy Oil Corporation (NYSE:MUR) for 606,063 shares. Bnp Paribas Asset Mngmt Holdg Sa accumulated 16,533 shares or 0% of the stock. Moreover, Ftb Advsrs Incorporated has 0% invested in Murphy Oil Corporation (NYSE:MUR) for 506 shares. Alyeska LP stated it has 738,173 shares or 0.3% of all its holdings. International holds 0.17% or 13.39 million shares. King Luther Mgmt has 0.02% invested in Murphy Oil Corporation (NYSE:MUR). Regions Fincl Corporation invested in 0% or 13,000 shares. Strs Ohio reported 8,023 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 12,590 shares. Benjamin F Edwards And Inc has invested 0% in Murphy Oil Corporation (NYSE:MUR). Millennium Management Ltd Liability Corp invested in 0.01% or 256,610 shares. Moreover, Grantham Mayo Van Otterloo & Ltd Liability Company has 0.03% invested in Murphy Oil Corporation (NYSE:MUR). 116,809 are owned by Arizona State Retirement System. Glenmede Company Na accumulated 433 shares.

Bridgewater Associates Lp, which manages about $16.33 billion US Long portfolio, upped its stake in Eqt Corp (NYSE:EQT) by 34,040 shares to 1.22M shares, valued at $25.34M in 2019Q1, according to the filing. It also increased its holding in New York Cmnty Bancorp Inc (NYSE:NYCB) by 71,754 shares in the quarter, for a total of 116,774 shares, and has risen its stake in Ishares Tr (EMB).

Murphy Oil Corporation (NYSE:MUR) Institutional Positions Chart

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