Valero Energy Co. (NYSE:VLO) Holdings Cut by Spirit of America Management Corp NY

Millennium Management LLC boosted its holdings in Valero Energy by 125.1% during the 4th quarter. Millennium Management LLC now owns …

Valero Energy logoSpirit of America Management Corp NY cut its stake in Valero Energy Co. (NYSE:VLO) by 5.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 116,944 shares of the oil and gas company’s stock after selling 6,570 shares during the period. Valero Energy accounts for about 1.5% of Spirit of America Management Corp NY’s investment portfolio, making the stock its 18th biggest position. Spirit of America Management Corp NY’s holdings in Valero Energy were worth $10,012,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Thrivent Financial for Lutherans boosted its holdings in Valero Energy by 1.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 18,834 shares of the oil and gas company’s stock valued at $1,412,000 after acquiring an additional 332 shares during the period. Macquarie Group Ltd. boosted its holdings in Valero Energy by 519.6% during the 4th quarter. Macquarie Group Ltd. now owns 168,781 shares of the oil and gas company’s stock valued at $12,654,000 after acquiring an additional 141,541 shares during the period. Millennium Management LLC boosted its holdings in Valero Energy by 125.1% during the 4th quarter. Millennium Management LLC now owns 22,233 shares of the oil and gas company’s stock valued at $1,667,000 after acquiring an additional 110,674 shares during the period. Lake Point Wealth Management purchased a new stake in shares of Valero Energy in the 4th quarter worth $117,000. Finally, CWM Advisors LLC lifted its holdings in shares of Valero Energy by 40.1% in the 4th quarter. CWM Advisors LLC now owns 3,910 shares of the oil and gas company’s stock worth $293,000 after buying an additional 1,119 shares during the period. 77.21% of the stock is owned by institutional investors.

VLO has been the subject of several recent research reports. Goldman Sachs Group raised Valero Energy from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $96.00 to $92.00 in a research report on Thursday, June 6th. ValuEngine lowered Valero Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Raymond James increased their price objective on Valero Energy from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Morgan Stanley increased their price objective on Valero Energy from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Finally, JPMorgan Chase & Co. raised Valero Energy from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $102.00 to $105.00 in a report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $105.47.

NYSE VLO opened at $78.85 on Monday. The stock has a market capitalization of $32.86 billion, a P/E ratio of 10.70, a PEG ratio of 1.84 and a beta of 1.48. The firm has a 50 day moving average price of $82.83. Valero Energy Co. has a 1-year low of $68.81 and a 1-year high of $122.42. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.42.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.14. The firm had revenue of $28.93 billion during the quarter, compared to analyst estimates of $25.45 billion. Valero Energy had a return on equity of 11.31% and a net margin of 2.27%. Valero Energy’s revenue was down 6.7% compared to the same quarter last year. During the same period last year, the business posted $2.15 earnings per share. Research analysts forecast that Valero Energy Co. will post 5.34 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Tuesday, August 6th will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend is Monday, August 5th. Valero Energy’s dividend payout ratio (DPR) is presently 48.85%.

Valero Energy Company Profile

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.

Read More: Percentage Gainers

Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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Schlumberger (SLB) Valuation Declined While Wilkins Investment Counsel Lifted Stake; Sfmg …

… according to a new study; 08/05/2018 – INTEL CAPITAL: INITIATIVE TO IDENTIFY INVESTMENT OPPORTUNITIES; 21/03/2018 – U.S. Senate Intel …

Intel Corporation (NASDAQ:INTC) Logo

Sfmg Llc increased its stake in Intel Corp (INTC) by 232.06% based on its latest 2019Q1 regulatory filing with the SEC. Sfmg Llc bought 38,543 shares as the company’s stock declined 0.41% . The institutional investor held 55,152 shares of the semiconductors company at the end of 2019Q1, valued at $2.96M, up from 16,609 at the end of the previous reported quarter. Sfmg Llc who had been investing in Intel Corp for a number of months, seems to be bullish on the $203.69B market cap company. The stock decreased 2.52% or $1.19 during the last trading session, reaching $45.98. About 24.98M shares traded or 9.82% up from the average. Intel Corporation (NASDAQ:INTC) has risen 6.00% since August 11, 2018 and is uptrending. It has outperformed by 6.00% the S&P500. Some Historical INTC News: 11/04/2018 – New York Post: Justice Deptartment hands over document to House Intel panel; 08/05/2018 – INTEL CAPITAL REPORTS OVER $70M NEW INVESTMENTS IN 12 STARTUPS; 26/04/2018 – INTEL CORP – IN QTR, BEGAN OPERATING AUTONOMOUS VEHICLE TEST CARS IN ISRAEL WITH PLANS TO EXPAND THE FLEET TO OTHER GEOGRAPHIES; 28/03/2018 – G-7 MINISTERS ISSUE STATEMENTS ON INNOVATION, ARTIFICIAL INTEL; 11/05/2018 – Intel Presenting at Bank of America Conference Jun 6; 20/03/2018 – SENATE INTEL CMTE NEWSER ON RUSSIA HACK FINDINGS: LIVE; 02/04/2018 – APPLE IS PLANNING TO MOVE FROM INTEL CHIPS TO ITS OWN MAC CHIPS – CNBC, CITING REPORT; 20/04/2018 – Four U.S. tech companies – Amazon, Microsoft, Intel, and Google – were among the top 10 employers for approved H-1B applications in FY 2017, according to a new study; 08/05/2018 – INTEL CAPITAL: INITIATIVE TO IDENTIFY INVESTMENT OPPORTUNITIES; 21/03/2018 – U.S. Senate Intel chairman: Need for U.S. election security “urgent”

Wilkins Investment Counsel Inc increased its stake in Schlumberger (SLB) by 26.54% based on its latest 2019Q1 regulatory filing with the SEC. Wilkins Investment Counsel Inc bought 38,320 shares as the company’s stock declined 3.38% . The institutional investor held 182,713 shares of the oilfield services and equipment company at the end of 2019Q1, valued at $7.96 million, up from 144,393 at the end of the previous reported quarter. Wilkins Investment Counsel Inc who had been investing in Schlumberger for a number of months, seems to be bullish on the $47.76B market cap company. The stock decreased 1.93% or $0.68 during the last trading session, reaching $34.53. About 7.54 million shares traded. Schlumberger Limited (NYSE:SLB) has declined 40.86% since August 11, 2018 and is downtrending. It has underperformed by 40.86% the S&P500. Some Historical SLB News: 04/04/2018 – HAL, SLB: At press conference unveiling new oil and gas discovery in #Bahrain. 1bilion barrel discovery. Light oil and gas discovered; 31/05/2018 – OPHIR ENERGY SAYS NOTES ANNOUNCEMENT BY GOLAR LNG PARTNERS’ REGARDING DISSOLUTION OF ITS ONELNG JOINT VENTURE WITH SCHLUMBERGER; 06/03/2018 – SCHLUMBERGER: CRUDE-MARKET CRASH HAS ‘TAKEN A TOLL’ ON COMPANY; 16/05/2018 – REG-Schlumberger Limited Half-year Report; 06/03/2018 – CERAWEEK – SCHLUMBERGER’S SLB.N PAAL KIBSGAARD SAYS THE OIL DOWNTURN HAS ‘TAKEN A TOLL’ ON THE ORGANIZATION; 28/04/2018 – RUSSIA PRELIMINARY APPROVES PURCHASE OF UP TO 49 PCT STAKE IN EDC BY SCHLUMBERGER – RIA; 15/03/2018 – RUSSIA, SCHLUMBERGER DISCUSS SMALLER STAKE IN EDC: TASS; 06/03/2018 – CERAWEEK – SCHLUMBERGER’S KIBSGAARD SAYS GLOBAL OIL MARKET IS UNBALANCED, INVESTMENT LEVELS ‘TOO LOW’ TO MEET MEDIUM-TERM DEMAND REQUIREMENTS; 19/03/2018 – ANGLO AFRICAN OIL & GAS PLC AAOG.L – UNIT PETRO KOUILOU HAS FINALISED A CONTRACT WITH LEADING OIL SERVICES COMPANY SCHLUMBERGER LIMITED; 20/04/2018 – Schlumberger quarterly profit surges 88 pct

Investors sentiment increased to 1.16 in Q1 2019. Its up 0.67, from 0.49 in 2018Q4. It improved, as 66 investors sold SLB shares while 407 reduced holdings. 132 funds opened positions while 416 raised stakes. 1.01 billion shares or 3.01% less from 1.04 billion shares in 2018Q4 were reported. Advisor holds 41,104 shares. Gilman Hill Asset Mngmt Ltd Liability Corp has 1.84% invested in Schlumberger Limited (NYSE:SLB). Norinchukin State Bank The holds 335,169 shares. One Cap Mngmt Ltd Liability Corp reported 4,878 shares. Primecap Ca invested in 0.06% or 1.99 million shares. Bbva Compass National Bank & Trust Incorporated, a Texas-based fund reported 93,354 shares. The Massachusetts-based Ipswich Invest Mgmt Company Inc has invested 0.61% in Schlumberger Limited (NYSE:SLB). Ckw Financial Group reported 0.01% stake. Kempner Cap Mngmt has 96,887 shares. Miller Howard Invs New York reported 75,435 shares. Focused Wealth Mgmt Inc reported 9,770 shares. 9,068 were accumulated by Signaturefd Ltd Liability Co. Washington Tru Bank & Trust owns 5,719 shares. Private Company Na stated it has 12,728 shares. Pinebridge Limited Partnership invested 0.04% in Schlumberger Limited (NYSE:SLB).

More notable recent Schlumberger Limited (NYSE:SLB) news were published by: Finance.Yahoo.com which released: “Better Buy: Baker Hughes vs. Schlumberger – Yahoo Finance” on August 04, 2019, also Benzinga.com with their article: “Stifel Says Schlumberger’s Q2 Results, International Market Conditions Support Bullish View – Benzinga” published on July 22, 2019, Finance.Yahoo.com published: “What Investors Should Know About Schlumberger Limited’s (NYSE:SLB) Financial Strength – Yahoo Finance” on May 30, 2019. More interesting news about Schlumberger Limited (NYSE:SLB) were released by: Finance.Yahoo.com and their article: “Does The Data Make Schlumberger Limited (NYSE:SLB) An Attractive Investment? – Yahoo Finance” published on May 09, 2019 as well as Seekingalpha.com‘s news article titled: “Sell Schlumberger Into Earnings – Seeking Alpha” with publication date: July 11, 2019.

Investors sentiment decreased to 0.86 in 2019 Q1. Its down 0.14, from 1 in 2018Q4. It turned negative, as 61 investors sold INTC shares while 733 reduced holdings. 139 funds opened positions while 541 raised stakes. 2.84 billion shares or 4.15% less from 2.96 billion shares in 2018Q4 were reported. Keybank National Association Oh reported 4.49 million shares or 1.43% of all its holdings. Moreover, Hengehold Cap Mgmt Limited Liability has 0.79% invested in Intel Corporation (NASDAQ:INTC) for 62,471 shares. Sonata Cap Gru owns 10,848 shares for 0.43% of their portfolio. Stoneridge Prtn Llc stated it has 1.18% of its portfolio in Intel Corporation (NASDAQ:INTC). Moody State Bank Trust Division owns 356,463 shares. Corda Invest reported 1.3% of its portfolio in Intel Corporation (NASDAQ:INTC). 245,700 are held by Gabelli Funds Lc. Miracle Mile Advsr Limited Liability has invested 0.29% of its portfolio in Intel Corporation (NASDAQ:INTC). Boyer & Corporon Wealth Management Ltd Company reported 83,831 shares or 2.02% of all its holdings. Adell Harriman & Carpenter invested in 0% or 146,854 shares. Twin Cap Mgmt has 494,485 shares for 1.31% of their portfolio. Fulton Breakefield Broenniman Lc holds 176,955 shares or 1.54% of its portfolio. New York State Common Retirement Fund holds 0.78% or 11.26M shares. 7.13M were accumulated by Principal Fincl Grp Inc Inc. Lazard Asset Mngmt Limited Liability holds 0.38% or 4.33M shares in its portfolio.

Intel Corporation (NASDAQ:INTC) Institutional Positions Chart

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Axiom International Investors Stake in Adobe Sys (ADBE) Lifted by $9.09 Million as Share Value …

Axiom International Investors Llc increased its stake in Adobe Sys Inc (ADBE) … Qci Asset Management Inc bought 160,591 shares as the company’s stock … leaving it with 253,414 shares, and cut its stake in Canopy Growth Corp.

Adobe Inc. (NASDAQ:ADBE) Logo

Axiom International Investors Llc increased its stake in Adobe Sys Inc (ADBE) by 9.37% based on its latest 2019Q1 regulatory filing with the SEC. Axiom International Investors Llc bought 34,189 shares as the company’s stock rose 5.47% . The institutional investor held 399,206 shares of the prepackaged software company at the end of 2019Q1, valued at $106.38M, up from 365,017 at the end of the previous reported quarter. Axiom International Investors Llc who had been investing in Adobe Sys Inc for a number of months, seems to be bullish on the $143.12 billion market cap company. The stock decreased 0.99% or $2.95 during the last trading session, reaching $294.83. About 1.45M shares traded. Adobe Inc. (NASDAQ:ADBE) has risen 23.33% since August 11, 2018 and is uptrending. It has outperformed by 23.33% the S&P500. Some Historical ADBE News: 21/05/2018 – Adobe To Buy Commerce Platform Magento For $1.68 Billion — MarketWatch; 26/04/2018 – US Gov Printing: Desktop Publishing – 508 Compliance using Adobe Acrobat with MS Word; 05/04/2018 – ADOBE SYSTEMS INC – MURPHY WILL ASSUME CFO ROLE FROM ADOBE EVP AND CFO MARK GARRETT; 27/03/2018 – OneTrust Announces Adobe Cloud Platform Launch Extension; 04/05/2018 – Adobe Named a Leader in 2018 Gartner Magic Quadrant for Multichannel Marketing Hubs; 02/05/2018 – Skava announces it’s joining the Adobe Exchange Partner Program; 15/03/2018 – ADOBE SEES 2Q REV. ABOUT $2.15B, EST. $2.14B; 26/03/2018 – Adobe Presenting at Adobe Summit Tomorrow; 12/03/2018 – PCM Named Adobe 2017 Americas Partner of the Year; 15/03/2018 – Adobe Systems 2Q EPS $1.17

Qci Asset Management Inc increased its stake in Schlumberger Ltd (SLB) by 79.96% based on its latest 2019Q1 regulatory filing with the SEC. Qci Asset Management Inc bought 160,591 shares as the company’s stock declined 3.38% . The institutional investor held 361,438 shares of the oilfield services and equipment company at the end of 2019Q1, valued at $15.75M, up from 200,847 at the end of the previous reported quarter. Qci Asset Management Inc who had been investing in Schlumberger Ltd for a number of months, seems to be bullish on the $47.76B market cap company. The stock decreased 1.93% or $0.68 during the last trading session, reaching $34.53. About 7.54M shares traded. Schlumberger Limited (NYSE:SLB) has declined 40.86% since August 11, 2018 and is downtrending. It has underperformed by 40.86% the S&P500. Some Historical SLB News: 20/04/2018 – Schlumberger seeks to monetize assets at production management unit; 21/05/2018 – TASS CITES RDIF HEAD DMITRIEV ON SCHLUMBERGER, EURASIA DRILLING; 20/04/2018 – REG-Schlumberger Limited 1st Quarter Results; 20/04/2018 – SCHLUMBERGER NV – QTRLY NORTH AMERICA AREA REVENUE INCREASED 1% SEQUENTIALLY; 04/05/2018 – Sri Lanka to sign deals with Total, Schlumberger for seismic study; 01/05/2018 – Schlumberger Presenting at Morgan Stanley Conference May 7; 21/05/2018 – Schlumberger at UBS Global Oil & Gas Conference Tomorrow; 20/04/2018 – SCHLUMBERGER SAYS SAYS HIGH END PRODUCTS AND SERVICES WILL BECOME ATTRACTIVE IN COMING QUARTERS; 20/04/2018 – SCHLUMBERGER – PRODUCTION CHALLENGES IN US SHALE EMERGING THAT ARE LINKED TO POTENTIAL LOWER PRODUCTION OF STEP-OUT DRILLING FROM TIER 1 ACREAGE; 28/04/2018 – Russia gives tentative nod to Schlumberger’s acquisition of EDC – RIA

More notable recent Schlumberger Limited (NYSE:SLB) news were published by: Seekingalpha.com which released: “Schlumberger wins contract for Chevron’s Gulf of Mexico offshore projects – Seeking Alpha” on July 23, 2019, also Seekingalpha.com with their article: “Schlumberger Q2 2019 Earnings Preview – Seeking Alpha” published on July 18, 2019, Finance.Yahoo.com published: “Here’s What Hedge Funds Think About Schlumberger Limited. (SLB) – Yahoo Finance” on June 10, 2019. More interesting news about Schlumberger Limited (NYSE:SLB) were released by: Bizjournals.com and their article: “Outgoing Schlumberger CEO to stay on payroll, continue earning millions – Houston Business Journal” published on July 22, 2019 as well as Seekingalpha.com‘s news article titled: “Is Schlumberger’s Dividend Safe? Numbers Not Currently Adding Up – Seeking Alpha” with publication date: July 17, 2019.

Qci Asset Management Inc, which manages about $2.52B and $1.02B US Long portfolio, decreased its stake in Transcat Inc (NASDAQ:TRNS) by 30,401 shares to 16,054 shares, valued at $369,000 in 2019Q1, according to the filing. It also reduced its holding in Ventas Inc (NYSE:VTR) by 68,629 shares in the quarter, leaving it with 253,414 shares, and cut its stake in Canopy Growth Corp.

Investors sentiment increased to 1.16 in 2019 Q1. Its up 0.67, from 0.49 in 2018Q4. It increased, as 66 investors sold SLB shares while 407 reduced holdings. 132 funds opened positions while 416 raised stakes. 1.01 billion shares or 3.01% less from 1.04 billion shares in 2018Q4 were reported. First Foundation Advisors has 0.09% invested in Schlumberger Limited (NYSE:SLB). Mirae Asset invested in 0.03% or 106,217 shares. Cetera Advisor Limited Com owns 10,746 shares for 0.02% of their portfolio. Osborne Partners Cap Management reported 161,250 shares. Brighton Jones Ltd Liability accumulated 6,276 shares or 0.03% of the stock. Chicago Equity Ptnrs Limited Com owns 54,163 shares. Barrett Asset Management Lc holds 0.65% of its portfolio in Schlumberger Limited (NYSE:SLB) for 222,183 shares. Kelly Lawrence W And Assocs Inc Ca invested in 131,341 shares. Princeton Portfolio Strategies Group Inc Llc reported 42,410 shares. Wealthtrust Axiom Ltd invested in 15,244 shares or 0.24% of the stock. Mitsubishi Ufj Tru And has 0.2% invested in Schlumberger Limited (NYSE:SLB) for 1.27M shares. Gradient Invs Ltd Liability Corp invested 0% of its portfolio in Schlumberger Limited (NYSE:SLB). Us Financial Bank De holds 0.17% or 1.33 million shares in its portfolio. Canal Ins Co stated it has 1.48% in Schlumberger Limited (NYSE:SLB). Hanson Mcclain holds 0% in Schlumberger Limited (NYSE:SLB) or 667 shares.

Investors sentiment increased to 1.19 in Q1 2019. Its up 0.26, from 0.93 in 2018Q4. It is positive, as 43 investors sold ADBE shares while 371 reduced holdings. 116 funds opened positions while 378 raised stakes. 397.86 million shares or 9.47% less from 439.45 million shares in 2018Q4 were reported. Bluestein R H & stated it has 1.19% in Adobe Inc. (NASDAQ:ADBE). Investec Asset Limited owns 0% invested in Adobe Inc. (NASDAQ:ADBE) for 838 shares. Wisconsin-based Cap Investment Services Of America has invested 3.26% in Adobe Inc. (NASDAQ:ADBE). State Bank Of Nova Scotia has invested 0.2% of its portfolio in Adobe Inc. (NASDAQ:ADBE). 3.51 million are owned by Sands Management Ltd Liability Co. Carderock Cap Management Inc holds 11,479 shares. Foundry Partners Ltd has invested 0.01% in Adobe Inc. (NASDAQ:ADBE). The California-based Destination Wealth has invested 0.01% in Adobe Inc. (NASDAQ:ADBE). Nicholas Ptnrs LP reported 0.12% stake. Trust Department Mb Retail Bank N A holds 1.28% or 39,299 shares in its portfolio. Evergreen Capital Management Ltd Llc owns 3,094 shares. Williams Jones Associate Lc holds 1,929 shares or 0.01% of its portfolio. First Republic Investment Mngmt holds 0.51% or 368,723 shares. Ashmore Wealth Ltd Co stated it has 181,740 shares or 2.83% of all its holdings. Wellington Shields Mgmt Limited Liability stated it has 0.37% of its portfolio in Adobe Inc. (NASDAQ:ADBE).

Schlumberger Limited (NYSE:SLB) Institutional Positions Chart

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Laredo Petroleum Inc. (LPI)’s Financial Results Comparing With Altus Midstream Company …

Laredo Petroleum Inc. (NYSE:LPI) and Altus Midstream Company (NASDAQ:ALTM) compete with each other in the Independent Oil & Gas sector.

Laredo Petroleum Inc. (NYSE:LPI) and Altus Midstream Company (NASDAQ:ALTM) compete with each other in the Independent Oil & Gas sector. We will analyze and contrast their institutional ownership, profitability, risk, analyst recommendations, dividends, earnings and valuation.

Valuation & Earnings

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Laredo Petroleum Inc. 3 0.75 N/A 0.99 3.35
Altus Midstream Company 6 8.79 N/A -0.07 0.00

Table 1 highlights Laredo Petroleum Inc. and Altus Midstream Company’s gross revenue, earnings per share (EPS) and valuation.

Profitability

Table 2 has Laredo Petroleum Inc. and Altus Midstream Company’s return on assets, net margins and return on equity.

Net Margins Return on Equity Return on Assets
Laredo Petroleum Inc. 0.00% 21.2% 9.7%
Altus Midstream Company 0.00% -2.1% -0.4%

Analyst Ratings

Laredo Petroleum Inc. and Altus Midstream Company Ratings and Recommendations are available on the next table.

Sell Ratings Hold Ratings Buy Ratings Rating Score
Laredo Petroleum Inc. 0 3 0 2.00
Altus Midstream Company 0 1 0 2.00

The consensus target price of Laredo Petroleum Inc. is $5, with potential upside of 77.94%. Competitively the consensus target price of Altus Midstream Company is $7, which is potential 134.90% upside. Based on the analysts view we can conclude, Altus Midstream Company is looking more favorable than Laredo Petroleum Inc.

Institutional and Insider Ownership

The shares of both Laredo Petroleum Inc. and Altus Midstream Company are owned by institutional investors at 99.9% and 86.3% respectively. Insiders held 2.6% of Laredo Petroleum Inc. shares. On the other hand, insiders held about 0.4% of Altus Midstream Company’s shares.

Performance

Here are the Weekly, Monthly, Quarterly, Half Yearly, Yearly and YTD Performance of both pretenders.

Performance (W) Performance (M) Performance (Q) Performance (HY) Performance (Y) Performance (YTD)
Laredo Petroleum Inc. 12.54% 11.41% 11.78% -13.99% -65.02% -8.29%
Altus Midstream Company -12.05% -18.73% -37.55% -60.47% -67.74% -58.47%

For the past year Laredo Petroleum Inc. was less bearish than Altus Midstream Company.

Summary

On 5 of the 9 factors Laredo Petroleum Inc. beats Altus Midstream Company.

Laredo Petroleum, Inc. operates as an independent energy company in the United States. It operates through two segments, Exploration and Production of Oil and Natural Gas Properties; and Midstream and Marketing. It focuses on the acquisition, exploration, and development of oil and natural gas properties; and the transportation of oil and natural gas primarily in the Permian Basin in West Texas, as well as rig fuel, natural gas lift, and water delivery and takeaway services. As of December 31, 2016, it had assembled 127,847 net acres in the Permian Basin; and had total proved reserves of 167,100 thousand barrels of oil equivalent. The company was formerly known as Laredo Petroleum Holdings, Inc. and changed its name to Laredo Petroleum, Inc. in December 2013. Laredo Petroleum, Inc. was founded in 2006 and is headquartered in Tulsa, Oklahoma.

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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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