<h3>关键洞察</h3>
<ul>
<li>显著的高机构持股意味着 Exxaro Resources 的股价对其交易行为敏感</li>
<li>前六大股东持有公司 52% 的股份</li>
<li>持股研究和分析师预测数据有助于提供对股票机会的良好理解</li>
</ul>
<p>特朗普承诺要 “释放” 美国的石油和天然气，这 15 只美国股票的发展有望受益。</p>
<p>每位 Exxaro Resources Limited (JSE:EXX) 的投资者都应该了解最强大的股东群体。机构持有 68% 的股份，拥有公司最多的股份。也就是说，如果股价上涨，该群体将获得最大的收益（如果出现下跌，则损失最大）。</p>
<p>由于机构可以接触到大量资本，他们的市场动作往往受到零售或个人投资者的高度关注。因此，投资于一家公司的大量机构资金通常被视为一种积极特征。</p>
<p>让我们深入了解 Exxaro Resources 的每种所有者类型，从下面的图表开始。</p>
<p>查看我们对 Exxaro Resources 的最新分析</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/3479967-ownership-breakdown-1-dark-2/1765180353028?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1642" height="444" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/3479967-ownership-breakdown-1-dark-2/1765180353028"/></p>
<p>JSE:EXX 股东结构 2025 年 12 月 8 日</p>
<h2>机构持股对 Exxaro Resources 的启示是什么？</h2>
<p>机构投资者通常将自己的回报与一个常见的基准指数的回报进行比较。因此，他们通常会考虑购买包含在相关基准指数中的大型公司。</p>
<p>我们可以看到 Exxaro Resources 确实有机构投资者，他们持有公司相当一部分的股票。这意味着为这些机构工作的分析师已经关注了这只股票，并且他们对其持积极态度。但和其他人一样，他们也可能会犯错。如果两家大型机构投资者同时试图抛售一只股票，股价大幅下跌并不罕见。因此，查看 Exxaro Resources 过去的盈利轨迹是值得的（见下文）。当然，也要记住还有其他因素需要考虑。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/3479967-earnings-and-revenue-growth-1-dark-2/1765180354207?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1642" height="1048" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/3479967-earnings-and-revenue-growth-1-dark-2/1765180354207"/></p>
<p>JSE:EXX 盈利和收入增长 2025 年 12 月 8 日</p>
<p>由于机构投资者持有超过一半的已发行股票，董事会可能需要关注他们的偏好。Exxaro Resources 并不被对冲基金持有。公共投资公司（Public Investment Corporation Limited）目前是最大股东，持有 24% 的流通股份。相比之下，第二和第三大股东分别持有约 11% 和 6.6% 的股份。</p>
<p>我们进一步挖掘发现，前六大股东大约占注册股份的 52%，这意味着除了大股东外，还有一些小股东，从而在一定程度上平衡了彼此的利益。</p>
<p>虽然研究公司的机构持股数据是有意义的，但研究分析师的情绪也同样重要，以了解市场的风向。覆盖该股票的分析师众多，因此查看他们的预测也是值得的。</p>
<h2>Exxaro Resources 的内部持股</h2>
<p>内部人的定义在不同国家之间可能略有不同，但董事会成员始终被视为内部人。管理层最终对董事会负责。然而，管理者作为执行董事会成员并不罕见，特别是如果他们是创始人或首席执行官。</p>
<p>我通常认为内部持股是一件好事。然而，在某些情况下，这使得其他股东更难对董事会的决策进行问责。</p>
<p>我们最新的数据表明，内部人持有的 Exxaro Resources Limited 的股份不到 1%。这是一家相当大的公司，因此董事会成员可能在公司中拥有相当有意义的股份，而不需要拥有太多的比例股份。在这种情况下，他们持有约 4500 万兰特的股份（按当前价格计算）。看到董事会成员持有股份是件好事，但可能值得检查这些内部人是否有在增持。</p>
<h2>公众持股</h2>
<p>公众，通常是个人投资者，持有 Exxaro Resources 32% 的股份。虽然这种持股规模可能不足以影响政策决策，但他们仍然可以对公司政策产生集体影响。</p>
<h2>下一步：</h2>
<p>我发现研究谁真正拥有一家公司非常有趣。但要真正获得洞察，我们还需要考虑其他信息。为此，您应该了解我们发现的 Exxaro Resources 的 <strong>两个警告信号</strong>（其中一个让我们感到不安）。</p>
<p>如果您希望了解分析师对未来增长的预测，请不要错过这份 <strong>免费</strong> 的分析师预测报告。</p>
<p>注意：本文中的数据是根据过去十二个月的数据计算的，指的是截至财务报表日期最后一个月的 12 个月期间。这可能与全年年报数据不一致。</p>

<p>Exxaro Resources Limited（JSE:EXX）拥有强大的机构支持，机构持股比例达到 68%，使其股价对机构的行动敏感。前六大股东持有公司 52% 的股份。机构投资者的偏好影响董事会，因为他们持有超过一半的股份。内部人士持股不到 1%，而公众持股 32%。了解股权结构和分析师预测可以为股票机会提供洞察</p>

<h3>Key Insights</h3>
<div class="lb-trans"><h3>关键洞察</h3>
</div><ul>
<li>Significantly high institutional ownership implies Exxaro Resources' stock price is sensitive to their trading actions</li>
<li>The top 6 shareholders own 52% of the company</li>
<li>Ownership research along with analyst forecasts data help provide a good understanding of opportunities in a stock</li>
</ul>
<div class="lb-trans"><ul>
<li>显著的高机构持股意味着 Exxaro Resources 的股价对其交易行为敏感</li>
<li>前六大股东持有公司 52% 的股份</li>
<li>持股研究和分析师预测数据有助于提供对股票机会的良好理解</li>
</ul>
</div><p>Trump has pledged to &#34;unleash&#34; American oil and gas and these 15 US stocks have developments that are poised to benefit.</p>
<div class="lb-trans"><p>特朗普承诺要 “释放” 美国的石油和天然气，这 15 只美国股票的发展有望受益。</p>
</div><p>Every investor in Exxaro Resources Limited (JSE:EXX) should be aware of the most powerful shareholder groups. With 68% stake, institutions possess the maximum shares in the company. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).</p>
<div class="lb-trans"><p>每位 Exxaro Resources Limited (JSE:EXX) 的投资者都应该了解最强大的股东群体。机构持有 68% 的股份，拥有公司最多的股份。也就是说，如果股价上涨，该群体将获得最大的收益（如果出现下跌，则损失最大）。</p>
</div><p>Since institutional have access to huge amounts of capital, their market moves tend to receive a lot of scrutiny by retail or individual investors. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute.</p>
<div class="lb-trans"><p>由于机构可以接触到大量资本，他们的市场动作往往受到零售或个人投资者的高度关注。因此，投资于一家公司的大量机构资金通常被视为一种积极特征。</p>
</div><p>Let's delve deeper into each type of owner of Exxaro Resources, beginning with the chart below.</p>
<div class="lb-trans"><p>让我们深入了解 Exxaro Resources 的每种所有者类型，从下面的图表开始。</p>
</div><p>Check out our latest analysis for Exxaro Resources</p>
<div class="lb-trans"><p>查看我们对 Exxaro Resources 的最新分析</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/3479967-ownership-breakdown-1-dark-2/1765180353028" alt="" original-src="https://images.simplywall.st/asset/chart/3479967-ownership-breakdown-1-dark-2/1765180353028"/></p>
<p>JSE:EXX Ownership Breakdown December 8th 2025</p>
<div class="lb-trans"><p>JSE:EXX 股东结构 2025 年 12 月 8 日</p>
</div><h2>What Does The Institutional Ownership Tell Us About Exxaro Resources?</h2>
<div class="lb-trans"><h2>机构持股对 Exxaro Resources 的启示是什么？</h2>
</div><p>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.</p>
<div class="lb-trans"><p>机构投资者通常将自己的回报与一个常见的基准指数的回报进行比较。因此，他们通常会考虑购买包含在相关基准指数中的大型公司。</p>
</div><p>We can see that Exxaro Resources 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. 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 Exxaro Resources, (below). Of course, keep in mind that there are other factors to consider, too.</p>
<div class="lb-trans"><p>我们可以看到 Exxaro Resources 确实有机构投资者，他们持有公司相当一部分的股票。这意味着为这些机构工作的分析师已经关注了这只股票，并且他们对其持积极态度。但和其他人一样，他们也可能会犯错。如果两家大型机构投资者同时试图抛售一只股票，股价大幅下跌并不罕见。因此，查看 Exxaro Resources 过去的盈利轨迹是值得的（见下文）。当然，也要记住还有其他因素需要考虑。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/3479967-earnings-and-revenue-growth-1-dark-2/1765180354207" alt="" original-src="https://images.simplywall.st/asset/chart/3479967-earnings-and-revenue-growth-1-dark-2/1765180354207"/></p>
<p>JSE:EXX Earnings and Revenue Growth December 8th 2025</p>
<div class="lb-trans"><p>JSE:EXX 盈利和收入增长 2025 年 12 月 8 日</p>
</div><p>Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. Exxaro Resources is not owned by hedge funds. Public Investment Corporation Limited is currently the largest shareholder, with 24% of shares outstanding. In comparison, the second and third largest shareholders hold about 11% and 6.6% of the stock.</p>
<div class="lb-trans"><p>由于机构投资者持有超过一半的已发行股票，董事会可能需要关注他们的偏好。Exxaro Resources 并不被对冲基金持有。公共投资公司（Public Investment Corporation Limited）目前是最大股东，持有 24% 的流通股份。相比之下，第二和第三大股东分别持有约 11% 和 6.6% 的股份。</p>
</div><p>We did some more digging and found that 6 of the top shareholders account for roughly 52% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat.</p>
<div class="lb-trans"><p>我们进一步挖掘发现，前六大股东大约占注册股份的 52%，这意味着除了大股东外，还有一些小股东，从而在一定程度上平衡了彼此的利益。</p>
</div><p>While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.</p>
<div class="lb-trans"><p>虽然研究公司的机构持股数据是有意义的，但研究分析师的情绪也同样重要，以了解市场的风向。覆盖该股票的分析师众多，因此查看他们的预测也是值得的。</p>
</div><h2>Insider Ownership Of Exxaro Resources</h2>
<div class="lb-trans"><h2>Exxaro Resources 的内部持股</h2>
</div><p>The definition of an insider can differ slightly between different countries, but members of the board of directors always count. 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.</p>
<div class="lb-trans"><p>内部人的定义在不同国家之间可能略有不同，但董事会成员始终被视为内部人。管理层最终对董事会负责。然而，管理者作为执行董事会成员并不罕见，特别是如果他们是创始人或首席执行官。</p>
</div><p>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.</p>
<div class="lb-trans"><p>我通常认为内部持股是一件好事。然而，在某些情况下，这使得其他股东更难对董事会的决策进行问责。</p>
</div><p>Our most recent data indicates that insiders own less than 1% of Exxaro Resources Limited. It is a pretty big company, so it would be possible for board members to own a meaningful interest in the company, without owning much of a proportional interest. In this case, they own around R45m worth of shares (at current prices). It is good to see board members owning shares, but it might be worth checking if those insiders have been buying.</p>
<div class="lb-trans"><p>我们最新的数据表明，内部人持有的 Exxaro Resources Limited 的股份不到 1%。这是一家相当大的公司，因此董事会成员可能在公司中拥有相当有意义的股份，而不需要拥有太多的比例股份。在这种情况下，他们持有约 4500 万兰特的股份（按当前价格计算）。看到董事会成员持有股份是件好事，但可能值得检查这些内部人是否有在增持。</p>
</div><h2>General Public Ownership</h2>
<div class="lb-trans"><h2>公众持股</h2>
</div><p>The general public, who are usually individual investors, hold a 32% stake in Exxaro Resources. 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.</p>
<div class="lb-trans"><p>公众，通常是个人投资者，持有 Exxaro Resources 32% 的股份。虽然这种持股规模可能不足以影响政策决策，但他们仍然可以对公司政策产生集体影响。</p>
</div><h2>Next Steps:</h2>
<div class="lb-trans"><h2>下一步：</h2>
</div><p>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 learn about the <strong>2 warning signs</strong> we've spotted with Exxaro Resources (including 1 which doesn't sit too well with us) .</p>
<div class="lb-trans"><p>我发现研究谁真正拥有一家公司非常有趣。但要真正获得洞察，我们还需要考虑其他信息。为此，您应该了解我们发现的 Exxaro Resources 的 <strong>两个警告信号</strong>（其中一个让我们感到不安）。</p>
</div><p>If you would prefer discover what analysts are predicting in terms of future growth, do not miss this <strong>free</strong> report on analyst forecasts.</p>
<div class="lb-trans"><p>如果您希望了解分析师对未来增长的预测，请不要错过这份 <strong>免费</strong> 的分析师预测报告。</p>
</div><p>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.</p>
<div class="lb-trans"><p>注意：本文中的数据是根据过去十二个月的数据计算的，指的是截至财务报表日期最后一个月的 12 个月期间。这可能与全年年报数据不一致。</p>
</div>

Exxaro Resources Limited（JSE:EXX）凭借 68% 的股份拥有强大的机构支持