Tel Offshore Trust (Tel Offshore Trust) Institutional Ownership : 0.40% (As of May. 06, 2024)

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What is Tel Offshore Trust Institutional Ownership?

Institutional ownership is the percentage of shares that are owned by institutions out of the total shares outstanding. As of today, Tel Offshore Trust's institutional ownership is 0.40%.

Insider Ownership is the percentage of shares that are owned by company insiders relative to the total shares outstanding. As of today, Tel Offshore Trust's Insider Ownership is 0.00%.

Float Percentage Of Total Shares Outstanding is the percentage of float shares relative to the total shares outstanding. As of today, Tel Offshore Trust's Float Percentage Of Total Shares Outstanding is 84.66%.

Tel Offshore Trust Institutional Ownership Historical Data

The historical data trend for Tel Offshore Trust's Institutional Ownership can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tel Offshore Trust Institutional Ownership Chart

Tel Offshore Trust Historical Data

The historical data trend for Tel Offshore Trust can be seen below:

	2008-06-30	2008-09-30	2008-12-31	2010-06-30	2010-09-30	2013-03-31	2014-03-31	2014-12-31	2015-06-30	2015-09-30
Institutional Ownership	4.14	2.06	0.79	3.32	4.50	10.10	16.04	0.34	0.21	0.40

Tel Offshore Trust Institutional Ownership Calculation

The percentage of shares that are owned by institutions out of the total shares outstanding.

Tel Offshore Trust (Tel Offshore Trust) Business Description

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Tel Offshore Trust was created under the laws of the State of Texas in 1983 and maintains its offices at the office of The Bank of New York Mellon Trust Company, N.A. The main asset of the Trust consists of a 99.99% interest in the TEL Offshore Trust Partnership and royalty interest in various oil and gas properties located offshore of Louisiana. The Trustees distribute the Trust's income pro rata for each calendar quarter within 10 days after the end of each calendar quarter. Distributions of the Trust's income are made to Unit holders of record on the Quarterly Record Date, which is the last business day of each quarterly period, or such later date as the Trustees determine is required to comply with legal requirements. Each Unit is evidenced by a transferable certificate issued by the Corporate Trustee. Each unit ranks equally as to distributions, has one vote on any matter submitted to Unit holders and represents an undivided interest in the Trust, which in turn owns a 99.99% interest in the Partnership. Within 90 days of the close of each year, the net federal taxable income of the Trust for each quarterly period ending in such year is reported by the Trustees for federal tax purposes to the Unit holder of record to whom the Quarterly Income Amount was distributed.

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