#1 FREE Swing Trading Strategy and Stock Picks for Day Traders



You Can SCAN Stocks, Forex and Futures for 33 Cents a Day? Start Your FREE 30 Day Trial NOW!
MarketClub incl. Chart Portfolio - Smart Scan - Trade School - Streaming Chart Tools - News...
Free Trend Analysis
draw trend
You Are Here: Home > Articles > Contributors > Fat Cat Oil Shareholders? No, "Broadly...

Fat Cat Oil Shareholders? No, "Broadly Middle-Class"
Aug 28, 2008

Picture

Dr. Mark J. Perry

add CARPE DIEM
More articles
Font Size:
Text size
Text size
Text size

Click here to enlarge | Open in another window

According to the study "The Distribution of Ownership of U.S. Oil and Natural Gas Companies," authored by Robert J. Shapiro and Nam D. Pham of Sonecon:
The data suggest that ownership of oil and natural gas company shares is broadly middle-class.

1. 42.7% are owned or held by mutual funds and other asset management companies that have mutual funds. Mutual funds manage accounts for 55 million U.S. households with a median income of $68,7006, and the owners of mutual funds include 16% of households with incomes of $25,000 or less.

2. 27% of oil and natural gas company shares are held in private and public pension funds, and these funds manage assets, directly or indirectly, on behalf of 129 million pension-fund participants whose accounts have an average value of $62,280.
3. 14% of oil and natural gas company shares are held in IRA-type retirement accounts with an average value of $22,465, owned by 45 million Americans.


Rate this article

 
 
(click to rate) 


Back to top


You Are Here:Home > Articles > Contributors > Fat Cat Oil Shareholders? No, "Broadly...

BUY? SELL? HOLD?
Find out now.

Latest Articles