To get a sense of who is truly in control of Diamond Offshore Drilling, Inc. (NYSE:DO), it is important to understand the ownership structure of the business. With 72% stake, institutions possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
Clearly, institutional investors benefitted the most after the company's market cap rose by US$63m last week.
In the chart below, we zoom in on the different ownership groups of Diamond Offshore Drilling.
See our latest analysis for Diamond Offshore Drilling
NYSE:DO Ownership Breakdown October 20th 2022
What Does The Institutional Ownership Tell Us About Diamond Offshore Drilling?
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.
Diamond Offshore Drilling already has institutions on the share registry. Indeed, they own a respectable stake in the company. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Diamond Offshore Drilling's earnings history below. Of course, the future is what really matters.
NYSE:DO Earnings and Revenue Growth October 20th 2022
Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. Our data indicates that hedge funds own 6.4% of Diamond Offshore Drilling. That catches my attention because hedge funds sometimes try to influence management, or bring about changes that will create near term value for shareholders. Contrarius Investment Management Limited is currently the largest shareholder, with 8.9% of shares outstanding. Samuel Terry Asset Management Pty Ltd is the second largest shareholder owning 7.7% of common stock, and BlackRock, Inc. holds about 7.1% of the company stock. In addition, we found that Bernie Wolford, the CEO has 0.5% of the shares allocated to their name.
On further inspection, we found that more than half the company's shares are owned by the top 9 shareholders, suggesting that the interests of the larger shareholders are balanced out to an extent by the smaller ones.
While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. While there is some analyst coverage, the company is probably not widely covered. So it could gain more attention, down the track.
Insider Ownership Of Diamond Offshore Drilling
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.
Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.
Our data suggests that insiders own under 1% of Diamond Offshore Drilling, Inc. in their own names. It has a market capitalization of just US$865m, and the board has only US$5.0m worth of shares in their own names. We generally like to see a board more invested. However it might be worth checking if those insiders have been buying.
General Public Ownership
With a 21% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Diamond Offshore Drilling. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.
Next Steps:
It's always worth thinking about the different groups who own shares in a company. But to understand Diamond Offshore Drilling better, we need to consider many other factors.
I like to dive deeper into how a company has performed in the past. You can find historic revenue and earnings in this detailed graph.
But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
為了弄清誰真正控制了鑽石離岸鑽井公司(紐約證券交易所代碼:DO),瞭解該公司的所有權結構是很重要的。機構持有該公司72%的股份,擁有該公司的最高股份。換句話説,該集團將從他們對公司的投資中獲得最大(或損失最大)。
顯然,在該公司市值上週上漲6300萬美元后,機構投資者受益最大。
在下面的圖表中,我們放大了鑽石離岸鑽井的不同所有權集團。
查看我們對鑽石近海鑽探的最新分析
紐約證券交易所:2022年10月20日所有權分解
關於鑽石離岸鑽探,機構所有權告訴了我們什麼?
機構通常在向自己的投資者報告時,以基準來衡量自己,因此一旦一隻股票被納入主要指數,它們往往會對這隻股票變得更加熱情。我們預計,大多數公司都會有一些機構登記在冊,特別是在它們正在增長的情況下。
鑽石離岸鑽探已經在股票登記處登記了機構。事實上,他們在該公司擁有可觀的股份。這可以表明該公司在投資界具有一定的公信力。然而,最好警惕依賴機構投資者帶來的所謂驗證。他們也一樣,有時也會犯錯。如果多家機構同時改變對一隻股票的看法,你可能會看到股價迅速下跌。因此,下面的鑽石海洋鑽井公司的盈利歷史值得一看。當然,未來才是真正重要的。
紐約證券交易所:2022年10月20日實現收益和收入增長
機構投資者擁有公司50%以上的股份,因此加在一起可能會強烈影響董事會的決定。我們的數據顯示,對衝基金擁有鑽石離岸鑽探6.4%的股份。這引起了我的注意,因為對衝基金有時會試圖影響管理層,或者帶來為股東創造短期價值的變化。Contrarius Investment Management Limited目前是最大股東,持有8.9%的流通股。塞繆爾·特里資產管理有限公司是第二大股東,持有7.7%的普通股,貝萊德股份有限公司持有公司約7.1%的股份。此外,我們發現,首席執行官伯尼·沃爾福德有0.5%的股份分配給他們的名字。
進一步調查後,我們發現該公司超過一半的股份由前9名股東持有,這表明較大股東的利益在一定程度上被較小股東所平衡。
雖然研究一家公司的機構所有權數據是有意義的,但研究分析師的情緒以瞭解風向也是有意義的。雖然有一些分析師的報道,但該公司可能沒有得到廣泛的報道。因此,它可以獲得更多的關注,在賽道上。
鑽石離岸鑽探的內部人所有權
不同國家對內部人的定義可能略有不同,但董事會成員總是算數的。管理層最終要向董事會負責。然而,經理人擔任執行董事會成員並不少見,尤其是如果他們是創始人或首席執行官的話。
內部人持股是積極的,當它標誌着領導層像公司的真正所有者一樣思考時。然而,高內部人持股也可以給公司內部的一個小團體帶來巨大的權力。在某些情況下,這可能是負面的。
我們的數據顯示,內部人士以自己的名義持有鑽石離岸鑽井公司不到1%的股份。它的市值僅為8.65億美元,董事會只有價值500萬美元的自有股票。我們通常希望看到董事會投入更多資金。然而,或許有必要檢查一下這些內部人士是否一直在買入。
一般公有制
擁有21%股權的普通公眾,主要由個人投資者組成,對鑽石近海鑽探有一定程度的影響力。儘管這種規模的所有權可能不足以影響有利於他們的政策決定,但他們仍然可以對公司政策產生集體影響。
接下來的步驟:
擁有一家公司股票的不同集團總是值得考慮的。但為了更好地理解鑽石離岸鑽探,我們需要考慮許多其他因素。
我喜歡潛入更深的地方瞭解一家公司過去的表現。您可以在其中找到歷史上的收入和收益詳細圖表.
但最終這就是未來,而不是過去,這將決定這家企業的所有者將做得多好。因此,我們認為,看看這份免費報告是明智的,它顯示了分析師是否預測到了更光明的未來。
注:本文中的數字是使用過去12個月的數據計算的,指的是截至財務報表日期的最後一個月的12個月期間。這可能與全年的年度報告數字不一致。
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本文由Simply Wall St.撰寫,具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。