Published on 30 May 2024 on Simply Wall St. via Yahoo Finance
Scorpio Tankers Inc. (NYSE:STNG) is favoured by institutional owners who hold 71% of the company
Key Insights
Given the large stake in the stock by institutions, Scorpio Tankers' stock price might be vulnerable to their trading decisionsA total of 21 investors have a majority stake in the company with 51% ownershipOwnership research along with analyst forecasts data help provide a good understanding of opportunities in a stock
To get a sense of who is truly in control of Scorpio Tankers Inc. (NYSE:STNG), it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 71% to be precise, is institutions. Put another way, the group faces the maximum upside potential (or downside risk).