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

Sable Offshore Corp. (NYSE:SOC) insider Anthony Duenner sold 40,743 shares of Sable Offshore stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $13.33, for a total transaction of $543,104.19. Following the completion of the transaction, the insider owned 530,176 shares in the company, valued at approximately $7,067,246.08. This trade represents a 7.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Anthony Duenner also recently made the following trade(s):

• On Wednesday, April 29th, Anthony Duenner sold 39,312 shares of Sable Offshore stock. The stock was sold at an average price of $13.56, for a total transaction of $533,070.72.
• On Tuesday, March 31st, Anthony Duenner sold 279,081 shares of Sable Offshore stock. The stock was sold at an average price of $16.69, for a total transaction of $4,657,861.89.

Sable Offshore Stock Performance

Sable Offshore stock opened at $14.07 on Friday. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of -3.35 and a beta of -0.22. Sable Offshore Corp. has a 1 year low of $3.72 and a 1 year high of $35.00. The firm’s 50 day moving average price is $13.96 and its two-hundred day moving average price is $10.44.

Sable Offshore (NYSE:SOC) last posted its quarterly earnings results on Friday, February 27th. The company reported ($0.39) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.59) by $0.20. As a group, equities analysts predict that Sable Offshore Corp. will post 1.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wall Street Zen raised shares of Sable Offshore from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 25th. Benchmark reaffirmed a “hold” rating on shares of Sable Offshore in a research note on Thursday, March 5th. Jefferies Financial Group decreased their price objective on shares of Sable Offshore from $30.00 to $24.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sable Offshore in a research note on Friday, April 24th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Sable Offshore has a consensus rating of “Hold” and an average price target of $18.00.

Hedge Funds Weigh In On Sable Offshore

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SOC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Sable Offshore by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,991 shares of the company’s stock worth $761,000 after purchasing an additional 1,271 shares during the period. NewEdge Advisors LLC boosted 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 worth $62,000 after purchasing an additional 650 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Sable Offshore by 29.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 32,546 shares of the company’s stock valued at $715,000 after buying an additional 7,438 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Sable Offshore by 25.3% during the 2nd quarter. New York State Common Retirement Fund now owns 22,300 shares of the company’s stock valued at $490,000 after buying an additional 4,500 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of Sable Offshore during the 2nd quarter valued at $654,000. Institutional investors and hedge funds own 26.19% of the company’s stock.

Sable Offshore News Summary

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

• Positive Sentiment: Solid recent operational beat — Sable reported a narrower-than-expected quarterly loss (beat on EPS in February), which supports the case for eventual recovery as the company advances offshore development.
• Positive Sentiment: Analyst mix remains mixed but includes buy coverage (Jefferies retains a buy rating despite a lower target), and the consensus remains near a Hold — gives a floor for expectations among some institutions. Analyst Coverage Summary
• Neutral Sentiment: EVP Gregory D. Patrinely sold 39,311 shares (April 29) and 40,743 shares (April 28); filings show sales were to cover tax withholding on vested awards and he retains a substantial holding. Patrinely Form 4
• Neutral Sentiment: COO James Caldwell Flores sold 40,743 shares (April 28) to cover tax obligations tied to vested awards; the filing indicates routine tax-related sales rather than opportunistic exits. Flores Form 4
• Neutral Sentiment: Insider Anthony Duenner also executed scheduled sales in late April to cover tax withholding; insiders remain large holders overall. Duenner Form 4
• Neutral Sentiment: Broker consensus remains a “Hold,” which signals modest near-term upside in analysts’ models absent operational or commercial catalysts. Consensus Hold
• Negative Sentiment: Major governance/headline risk — reports say the CEO received a roughly $76 million pay package despite the company reporting no crude sales in 2025, raising investor concern over compensation vs. near-term production and value realization. CEO Pay Package
• Negative Sentiment: Market commentary highlights Sable as a focal point in a broader energy selloff; coverage emphasizes headline-driven volatility and execution risk as catalysts for further downside until clearer production or sales guidance is delivered. Kalkine Market Impact

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.