In the Wake of Murphy Oil Corporation's (NYSE:MUR) Latest US$405m Market Cap Drop, Institutional Owners May Be Forced to Take Severe Actions
In the Wake of Murphy Oil Corporation's (NYSE:MUR) Latest US$405m Market Cap Drop, Institutional Owners May Be Forced to Take Severe Actions
Key Insights
主要見解
- Significantly high institutional ownership implies Murphy Oil's stock price is sensitive to their trading actions
- 50% of the business is held by the top 13 shareholders
- Using data from analyst forecasts alongside ownership research, one can better assess the future performance of a company
- 高比例的機構持股意味着墨菲石油的股價對他們的交易行爲非常敏感
- 前13大股東持有公司50%的股份。
- 通過分析師預測數據和所有權研究,您可以更好地評估公司未來的業績。
A look at the shareholders of Murphy Oil Corporation (NYSE:MUR) can tell us which group is most powerful. The group holding the most number of shares in the company, around 84% to be precise, is institutions. Put another way, the group faces the maximum upside potential (or downside risk).
我們來看看墨菲石油公司(NYSE:MUR)的股東可以告訴我們哪個群體最有影響力。持有公司最多股數的群體,準確地說是機構,佔公司股份的約84%。換句話說,該群體面臨的上行潛力(或下行風險)最大。
And institutional investors endured the highest losses after the company's share price fell by 7.2% last week. The recent loss, which adds to a one-year loss of 21% for stockholders, may not sit well with this group of investors. Often called "market movers", institutions wield significant power in influencing the price dynamics of any stock. As a result, if the downtrend continues, institutions may face pressures to sell Murphy Oil, which might have negative implications on individual investors.
上週公司股價下跌7.2%,機構投資者遭受最大損失。最近的損失使股東的一年損失增加了21%,這可能對這群投資者來說不是好消息。機構投資者通常被稱爲"市場操縱者",他們對任何股票的價格動態具有重要影響力。因此,如果下降趨勢繼續,機構可能面臨出售墨菲石油的壓力,這可能對個人投資者產生負面影響。
In the chart below, we zoom in on the different ownership groups of Murphy Oil.
在下圖中,我們放大觀察了墨菲石油的不同所有權群體。
![big](https://newsfile.futunn.com/public/NN-PersistNewsContentImage/7781/20240909/0-c50010d19e0b3e265d66b8b00934e3dc-0-edc529701fff084d314b88bdcb931910.png/big)
What Does The Institutional Ownership Tell Us About Murphy Oil?
機構所有權告訴我們墨菲石油的什麼?
Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.
許多機構衡量其業績的標準是一個近似於當地市場的指數。因此,他們通常更加關注包括在主要指數中的公司。
We can see that Murphy Oil does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Murphy Oil, (below). Of course, keep in mind that there are other factors to consider, too.
我們可以看到墨菲石油確實有機構投資者;他們持有公司的很大一部分股票。這表明在專業投資者中有一定的信譽。但我們不能僅僅依靠這個事實,因爲機構有時也會進行糟糕的投資,就像每個人都會做出糟糕的投資一樣。如果兩個大型機構投資者同時試圖拋售一隻股票,通常會看到股價大幅下跌。因此,值得檢查墨菲石油過去的盈利軌跡(見下圖)。當然,也要記住還有其他因素需要考慮。
![big](https://newsfile.futunn.com/public/NN-PersistNewsContentImage/7781/20240909/0-c50010d19e0b3e265d66b8b00934e3dc-1-a2528892e09eb3a0b1f3f466d2f07ceb.png/big)
Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. Murphy Oil is not owned by hedge funds. Our data shows that BlackRock, Inc. is the largest shareholder with 14% of shares outstanding. For context, the second largest shareholder holds about 12% of the shares outstanding, followed by an ownership of 5.5% by the third-largest shareholder. Furthermore, CEO Roger Jenkins is the owner of 0.7% of the company's shares.
由於機構投資者擁有超過一半的已發行股票,董事會可能需要關注他們的偏好。墨菲石油不屬於對沖基金。我們的數據顯示,BlackRock, Inc.是最大的股東,持有14%的已發行股票。爲了參照,第二大股東佔已發行股票的約12%,而第三大股東持有5.5%的所有權。此外,首席執行官羅傑·詹金斯擁有公司股份的0.7%。
A closer look at our ownership figures suggests that the top 13 shareholders have a combined ownership of 50% implying that no single shareholder has a majority.
在我們的所有權數字中仔細看看,前13名股東擁有的股權合計爲50%,這意味着沒有單一股東擁有多數股權。
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. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.
研究機構持股比例是衡量和篩選股票預期表現的好方法。同樣可以通過研究分析師情緒來實現。由於相當多的分析師都關注着該股票,因此你可以很容易地研究預測的增長。
Insider Ownership Of Murphy Oil
墨菲石油的內部所有權
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.
雖然「內部人士」的明確定義具有主觀性,但幾乎所有人都認爲董事會成員是內部人士。公司管理業務,但首席執行官即使是董事會成員,也要向董事會負責。
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,因爲它可以表示董事會與其他股東的利益相一致。但是,在某些場合下,這個團體的權力過於集中。
We can see that insiders own shares in Murphy Oil Corporation. This is a big company, so it is good to see this level of alignment. Insiders own US$296m worth of shares (at current prices). It is good to see this level of investment by insiders. You can check here to see if those insiders have been buying recently.
我們可以看到墨菲石油公司的內部人持有股份。由於這是一家大公司,所以能看到這種程度的一致性是好的。內部人持有價值2,9600萬美元的股份(按當前價格計算)。看到內部人有這種程度的投資是很好的。您可以在這裏查詢看看這些內部人最近是否有在買入。
General Public Ownership
一般大衆所有權
With a 11% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Murphy Oil. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.
大約佔11%的普通公衆,主要由個人投資者組成,在墨菲石油公司中具有一定的影響力。雖然這種持股規模可觀,但如果決策與其他大股東不一致,可能無法改變公司政策。
Next Steps:
下一步:
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. To that end, you should be aware of the 2 warning signs we've spotted with Murphy Oil .
我發現查看公司的股權持有者非常有趣。但要真正獲得深刻的見解,我們需要考慮其他信息。爲此,您應該注意我們發現的墨菲石油存在的2個警示信號。
If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.
如果您希望了解分析師在未來增長方面的預測,請務必不要錯過這份免費報告。
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:本文中的數據是使用最後一個財務報表日期結束的爲期12個月的數據計算的。這可能與全年年度報告數據不一致。
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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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
譯文內容由第三人軟體翻譯。