Stock Analysis

Do Institutions Own Motor Oil (Hellas) Corinth Refineries S.A. (ATH:MOH) Shares?

ATSE:MOH
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If you want to know who really controls Motor Oil (Hellas) Corinth Refineries S.A. (ATH:MOH), then you'll have to look at the makeup of its share registry. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. Companies that have been privatized tend to have low insider ownership.

With a market capitalization of €1.4b, Motor Oil (Hellas) Corinth Refineries is a decent size, so it is probably on the radar of institutional investors. Our analysis of the ownership of the company, below, shows that institutions are noticeable on the share registry. We can zoom in on the different ownership groups, to learn more about Motor Oil (Hellas) Corinth Refineries.

See our latest analysis for Motor Oil (Hellas) Corinth Refineries

ownership-breakdown
ATSE:MOH Ownership Breakdown January 19th 2021

What Does The Institutional Ownership Tell Us About Motor Oil (Hellas) Corinth Refineries?

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.

Motor Oil (Hellas) Corinth Refineries already has institutions on the share registry. Indeed, they own a respectable stake in the company. 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. 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 Motor Oil (Hellas) Corinth Refineries' historic earnings and revenue below, but keep in mind there's always more to the story.

earnings-and-revenue-growth
ATSE:MOH Earnings and Revenue Growth January 19th 2021

Motor Oil (Hellas) Corinth Refineries is not owned by hedge funds. Our data shows that Petroventure Holdings Ltd is the largest shareholder with 40% of shares outstanding. With 5.6% and 1.6% of the shares outstanding respectively, Doson Investment Company and The Vanguard Group, Inc. are the second and third largest shareholders.

We did some more digging and found that 7 of the top shareholders account for roughly 50% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat.

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.

Insider Ownership Of Motor Oil (Hellas) Corinth Refineries

The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.

I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.

We note our data does not show any board members holding shares, personally. Not all jurisdictions have the same rules around disclosing insider ownership, and it is possible we have missed something, here. So you can click here learn more about the CEO.

General Public Ownership

The general public holds a 42% stake in Motor Oil (Hellas) Corinth Refineries. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

Private Company Ownership

Our data indicates that Private Companies hold 46%, of the company's shares. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company.

Next Steps:

It's always worth thinking about the different groups who own shares in a company. But to understand Motor Oil (Hellas) Corinth Refineries better, we need to consider many other factors. Be aware that Motor Oil (Hellas) Corinth Refineries is showing 3 warning signs in our investment analysis , and 1 of those shouldn't be ignored...

Ultimately the future is most important. You can access this free report on analyst forecasts for the company.

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.

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