1 day Ago By Defense World Staff
Bank of New York Mellon Corp bought a new stake in shares of Sable Offshore Corp. ( NYSE:SOC – Free Report ) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 142,936 shares of the company’s stock, valued at approximately $2,154,000.
Bank of New York Mellon Corp owned approximately 0.24% of Sable Offshore at the end of the most recent quarter. Separately, Walleye Trading LLC acquired a new position in Sable Offshore during the first quarter valued at approximately $235,000.
Hedge funds and other institutional investors own 26.19% of the company’s stock. Insider Transactions at Sable Offshore In related news, major shareholder Global Icav Pilgrim acquired 41,000 shares of the firm’s stock in a transaction on Tuesday, August 27th.
The shares were bought at an average cost of $15.45 per share, with a total value of $633,450.00.
Following the completion of the acquisition, the insider now owns 8,041,001 shares of the company’s stock, valued at $124,233,465.45. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website .
14.30% of the stock is owned by insiders. Wall Street Analysts Forecast Growth View Our Latest Stock Report on SOC Sable Offshore Trading Up 3.
4 % Shares of NYSE:SOC opened at $25.89 on Wednesday. The company has a debt-to-equity ratio of 6.
48, a current ratio of 2.73 and a quick ratio of 2.46.
Sable Offshore Corp. has a 12-month low of $10.11 and a 12-month high of $26.
33. The firm has a fifty day moving average of $17.12 and a two-hundred day moving average of $14.
22. Sable Offshore ( NYSE:SOC – Get Free Report ) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($2.
75) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($2.36).
Equities analysts predict that Sable Offshore Corp. will post -2.82 earnings per share for the current year.
Sable Offshore Company Profile ( Free Report ) Sable Offshore Corp. engages in the oil and gas exploration and development activities in the United States. The company operates through three platforms located in federal waters offshore California.
It owns and operates 16 federal leases across approximately 76,000 acres and subsea pipelines, which transport crude oil, natural gas, and produced water from the platforms to the onshore processing facilities. Featured Articles Five stocks we like better than Sable Offshore Natural Gas Prices Continue To Rally, These Stocks Should Benefit Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? Stock Trading Terms – Stock Terms Every Investor Needs to Know Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge What is a Dividend King? Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker Want to see what other hedge funds are holding SOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sable Offshore Corp.
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