Institutional Investors in Sable Offshore Corp. (NYSE:SOC) Lost 12% Last Week but Have Reaped the Benefits of Longer-term Growth
Institutional Investors in Sable Offshore Corp. (NYSE:SOC) Lost 12% Last Week but Have Reaped the Benefits of Longer-term Growth
Key Insights
關鍵見解
- Institutions' substantial holdings in Sable Offshore implies that they have significant influence over the company's share price
- The top 5 shareholders own 54% of the company
- Insiders own 27% of Sable Offshore
- 機構在Sable Offshore的大量持股意味着它們對公司的股價具有重大影響
- 前五名股東擁有公司54％的股份
- 內部人士擁有 Sable Offshore 27%
To get a sense of who is truly in control of Sable Offshore Corp. (NYSE:SOC), it is important to understand the ownership structure of the business. We can see that institutions own the lion's share in the company with 32% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
要了解誰真正控制了Sable Offshore Corp.（紐約證券交易所代碼：SOC），了解業務的所有權結構非常重要。我們可以看到，機構擁有該公司的大部分股份，所有權爲32％。換句話說，該集團將從對公司的投資中獲得最多（或損失最大）。
No shareholder likes losing money on their investments, especially institutional investors who saw their holdings drop 12% in value last week. However, the 98% one-year returns may have helped alleviate their overall losses. But they would probably be wary of future losses.
沒有股東喜歡在投資中蒙受損失，尤其是上週持股價值下降12％的機構投資者。但是，98％的一年期回報率可能有助於減輕他們的總體損失。但是他們可能會對未來的損失保持警惕。
In the chart below, we zoom in on the different ownership groups of Sable Offshore.
在下圖中，我們放大了Sable Offshore的不同所有權組。
What Does The Institutional Ownership Tell Us About Sable Offshore?
關於Sable Offshore，機構所有權告訴我們什麼？
Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.
機構投資者通常將自己的回報與常見指數的回報進行比較。因此，他們通常會考慮收購相關基準指數中包含的大型公司。
We can see that Sable Offshore does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Sable Offshore's historic earnings and revenue below, but keep in mind there's always more to the story.
我們可以看到，Sable Offshore確實有機構投資者；他們持有該公司很大一部分股票。這意味着在這些機構工作的分析師已經看過這隻股票，他們很喜歡。但是就像其他人一樣，他們可能錯了。當多家機構擁有一隻股票時，總是存在處於 「擁擠交易」 的風險。當這樣的交易出錯時，多方可能會競相快速出售股票。對於沒有增長曆史的公司，這種風險更高。你可以在下面看到Sable Offshore的歷史收益和收入，但請記住，故事總是有更多內容。
It looks like hedge funds own 18% of Sable Offshore shares. That's interesting, because hedge funds can be quite active and activist. Many look for medium term catalysts that will drive the share price higher. Looking at our data, we can see that the largest shareholder is the CEO James Flores with 16% of shares outstanding. FMR LLC is the second largest shareholder owning 14% of common stock, and Pelerin Global Corp holds about 12% of the company stock.
看來對沖基金擁有Sable Offshore18％的股份。這很有趣，因爲對沖基金可以非常活躍和活躍。許多人正在尋找推動股價上漲的中期催化劑。從我們的數據來看，我們可以看到最大股東是首席執行官詹姆斯·弗洛雷斯，已發行股份的16％。FMR LLC是第二大股東，擁有14％的普通股，佩勒林環球公司持有該公司約12％的股份。
To make our study more interesting, we found that the top 5 shareholders control more than half of the company which implies that this group has considerable sway over the company's decision-making.
爲了使我們的研究更有趣，我們發現前五名股東控制着公司一半以上的股份，這意味着該集團對公司的決策具有相當大的影響力。
Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There is some analyst coverage of the stock, but it could still become more well known, with time.
研究機構所有權是衡量和篩選股票預期表現的好方法。通過研究分析師的情緒也可以達到同樣的目的。有一些分析師對這隻股票的報道，但隨着時間的推移，它仍可能變得更加廣爲人知。
Insider Ownership Of Sable Offshore
Sable 離岸公司的內部所有權
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. 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.
儘管內部人士的確切定義可能是主觀的，但幾乎每個人都認爲董事會成員是內部人士。管理層最終對董事會負責。但是，經理成爲執行委員會成員的情況並不少見，尤其是當他們是創始人或首席執行官時。
Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.
大多數人認爲內部所有權是積極的，因爲這可能表明董事會與其他股東關係良好。但是，在某些情況下，過多的權力集中在該群體中。
Our information suggests that insiders maintain a significant holding in Sable Offshore Corp.. It has a market capitalization of just US$1.4b, and insiders have US$390m worth of shares in their own names. That's quite significant. Most would be pleased to see the board is investing alongside them. You may wish to access this free chart showing recent trading by insiders.
我們的信息表明，內部人士持有Sable Offshore Corp的大量股份。它的市值僅爲14億美元，內部人士以自己的名義持有價值3.9億美元的股票。這非常重要。大多數人會很高興看到董事會與他們一起投資。您不妨訪問這張顯示內部人士近期交易的免費圖表。
General Public Ownership
一般公有制
The general public, who are usually individual investors, hold a 23% stake in Sable Offshore. 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.
公衆通常是個人投資者，持有Sable Offshore23％的股份。儘管這種所有權規模可能不足以影響對他們有利的政策決定，但它們仍然可以對公司政策產生集體影響。
Next Steps:
後續步驟：
I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Take risks for example - Sable Offshore has 3 warning signs (and 2 which are a bit unpleasant) we think you should know about.
我覺得看看究竟誰擁有一家公司非常有趣。但是，要真正獲得見解，我們還需要考慮其他信息。以風險爲例 — Sable Offshore 有 3 個警告標誌（其中 2 個有點不愉快），我們認爲你應該知道。
If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.
如果你想了解分析師對未來增長的預測，千萬不要錯過這份關於分析師預測的免費報告。
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.
注意：本文中的數字是使用過去十二個月的數據計算得出的，這些數據是指截至財務報表日期當月最後一天的12個月期間。這可能與全年年度報告數據不一致。
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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論，我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議，也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意，我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之，華爾街沒有持有任何上述股票的頭寸。
譯文內容由第三人軟體翻譯。