ANTIPODES PARTNERS Ltd Purchases Shares of 364,050 Sable Offshore Corp. $SOC

ANTIPODES PARTNERS Ltd acquired a new stake in shares of Sable Offshore Corp. (NYSE:SOC) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 364,050 shares of the company’s stock, valued at approximately $6,752,000. ANTIPODES PARTNERS Ltd owned about 0.37% of Sable Offshore at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SOC. CWM LLC boosted its stake in Sable Offshore by 1,262.8% during the 2nd quarter. CWM LLC now owns 1,867 shares of the company’s stock valued at $41,000 after purchasing an additional 1,730 shares during the last quarter. KBC Group NV purchased a new position in shares of Sable Offshore during the second quarter valued at approximately $46,000. NewEdge Advisors LLC boosted its position in shares of Sable Offshore by 36.2% during the first quarter. NewEdge Advisors LLC now owns 2,448 shares of the company’s stock valued at $62,000 after buying an additional 650 shares during the last quarter. Whittier Trust Co. bought a new stake in shares of Sable Offshore in the 3rd quarter worth $115,000. Finally, MAI Capital Management purchased a new stake in Sable Offshore in the 2nd quarter valued at about $123,000. Institutional investors and hedge funds own 26.19% of the company’s stock.

Sable Offshore Stock Performance

Shares of Sable Offshore stock opened at $8.92 on Friday. The stock has a market capitalization of $1.29 billion, a P/E ratio of -2.73 and a beta of 0.41. Sable Offshore Corp. has a 52-week low of $3.72 and a 52-week high of $35.00. The stock’s 50-day simple moving average is $9.26 and its 200 day simple moving average is $13.97.

Wall Street Analysts Forecast Growth

SOC has been the topic of a number of recent analyst reports. TD Cowen reiterated a “buy” rating on shares of Sable Offshore in a report on Thursday, December 18th. Roth Mkm reiterated a “buy” rating on shares of Sable Offshore in a research note on Wednesday, December 24th. Weiss Ratings restated a “sell (d-)” rating on shares of Sable Offshore in a research report on Tuesday, January 27th. Benchmark restated a “buy” rating on shares of Sable Offshore in a report on Thursday, January 8th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Sable Offshore in a research report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sable Offshore presently has a consensus rating of “Hold” and a consensus price target of $17.00.

Sable Offshore Company Profile

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.