Sable Offshore (NYSE:SOC) COO Sells $543,104.19 in Stock

Sable Offshore Corp. (NYSE:SOC) COO James Caldwell Flores sold 40,743 shares of the stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $13.33, for a total value of $543,104.19. Following the completion of the transaction, the chief operating officer directly owned 502,051 shares in the company, valued at approximately $6,692,339.83. This trade represents a 7.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

James Caldwell Flores also recently made the following trade(s):

• On Wednesday, April 29th, James Caldwell Flores sold 39,311 shares of Sable Offshore stock. The shares were sold at an average price of $13.56, for a total transaction of $533,057.16.
• On Tuesday, March 31st, James Caldwell Flores sold 279,081 shares of Sable Offshore stock. The shares were sold at an average price of $16.69, for a total transaction of $4,657,861.89.

Sable Offshore Stock Down 2.9%

Shares of SOC traded down $0.42 during trading hours on Friday, reaching $13.94. The stock had a trading volume of 1,494,202 shares, compared to its average volume of 6,267,430. Sable Offshore Corp. has a 52 week low of $3.72 and a 52 week high of $35.00. The firm has a 50-day moving average of $13.96 and a 200 day moving average of $10.49. The company has a market cap of $2.05 billion, a P/E ratio of -3.32 and a beta of -0.10.

Sable Offshore (NYSE:SOC) last released its quarterly earnings data on Friday, February 27th. The company reported ($0.39) EPS for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.20. As a group, equities analysts expect that Sable Offshore Corp. will post 1.47 earnings per share for the current year.

More Sable Offshore News

Here are the key news stories impacting Sable Offshore this week:

• Positive Sentiment: Some sell-side support remains: Jefferies kept a “Buy” stance (while lowering its target) and three analysts currently maintain Buy ratings, contributing to a consensus price target above the current share level — a potential upside signal for investors.
• Neutral Sentiment: Cluster of insider sales: Multiple executives (EVP Gregory Patrinely, COO James Caldwell Flores, and insider Anthony Duenner) sold ~39k–40.7k shares each on April 28–29 at prices around $13.33–$13.56 to satisfy tax-withholding on vested awards. These were disclosed in SEC Form 4 filings; all sellers retain substantial holdings, suggesting the sales are administrative rather than a vote of no confidence. Insider Sale – Patrinely (SEC) Insider Sale – Flores (SEC) Insider Sale – Duenner (SEC)
• Neutral Sentiment: Brokerage consensus and institutional positioning: Coverage is mixed — MarketBeat/aggregators show an average “Hold” with a consensus target (~$18) above recent levels; institutional ownership is meaningful (~26%); these factors can stabilize shares but don’t guarantee directional momentum. Consensus Recommendation Article
• Negative Sentiment: Some bearish signals from rating services: Weiss Ratings reiterated a “Sell (D-)” and Wall Street Zen moved Sable closer to sell territory — additional negative or downgraded commentary can add downward pressure on sentiment and short-term trading. Weiss Ratings Wall Street Zen

Analyst Upgrades and Downgrades

SOC has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sable Offshore in a report on Friday, April 24th. Benchmark restated a “hold” rating on shares of Sable Offshore in a report on Thursday, March 5th. Jefferies Financial Group decreased their price objective on Sable Offshore from $30.00 to $24.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. Finally, Wall Street Zen upgraded Sable Offshore from a “strong sell” rating to a “sell” rating in a report on Saturday, April 25th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $18.00.

Institutional Investors Weigh In On Sable Offshore

Hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC lifted its stake in Sable Offshore by 36.2% in the 1st quarter. NewEdge Advisors LLC now owns 2,448 shares of the company’s stock valued at $62,000 after purchasing an additional 650 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in Sable Offshore in the 4th quarter valued at about $37,000. Aster Capital Management DIFC Ltd lifted its stake in Sable Offshore by 263.2% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 5,230 shares of the company’s stock valued at $47,000 after purchasing an additional 3,790 shares during the last quarter. Whittier Trust Co. acquired a new stake in Sable Offshore in the 3rd quarter valued at about $115,000. Finally, Tower Research Capital LLC TRC lifted its stake in Sable Offshore by 65.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,504 shares of the company’s stock valued at $165,000 after purchasing an additional 2,960 shares during the last quarter. 26.19% of the stock is currently owned by institutional investors and hedge funds.

About Sable Offshore

Sable Offshore (NYSE:SOC) is an independent upstream oil and natural gas company specializing in offshore hydrocarbon exploration and production. The company identifies and secures exploration and development rights, conducts detailed seismic interpretation, and advances offshore prospects through appraisal and development phases. Its focus on the offshore environment drives investments in specialized drilling techniques, subsea infrastructure and production facility design.

Core business activities include offshore seismic surveys, the drilling of exploration and appraisal wells, installation and operation of production platforms or subsea systems, and well intervention services.