5 hours Ago By ABMN Staff
M&T Bank Corp bought a new stake in shares of Sable Offshore Corp. ( NYSE:SOC – Free Report ) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,630 shares of the company’s stock, valued at approximately $495,000.
Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in Sable Offshore by 27.
9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 493,042 shares of the company’s stock valued at $11,291,000 after buying an additional 107,475 shares in the last quarter.
Mission Wealth Management LP bought a new stake in Sable Offshore during the fourth quarter valued at about $201,000. IFP Advisors Inc bought a new stake in shares of Sable Offshore in the fourth quarter worth about $81,000. Y Intercept Hong Kong Ltd bought a new stake in Sable Offshore during the fourth quarter worth approximately $354,000.
Finally, Ieq Capital LLC bought a new stake in Sable Offshore during the fourth quarter worth approximately $512,000. 26.19% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets Several research analysts recently issued reports on the company. Pickering Energy Partners started coverage on Sable Offshore in a research note on Tuesday, December 17th. They issued an “outperform” rating on the stock.
Benchmark restated a “buy” rating and issued a $37.00 target price on shares of Sable Offshore in a research note on Thursday, February 20th. Finally, BWS Financial reaffirmed a “sell” rating and set a $6.
00 price target on shares of Sable Offshore in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $26.
25. Sable Offshore Stock Down 3.0 % Shares of SOC opened at $23.
68 on Friday. Sable Offshore Corp. has a 1-year low of $10.
11 and a 1-year high of $32.33. The company has a debt-to-equity ratio of 4.
86, a current ratio of 3.50 and a quick ratio of 3.34.
The firm has a fifty day moving average price of $25.64 and a 200 day moving average price of $23.19.
About Sable Offshore ( 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 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.
( NYSE:SOC – Free Report ). Receive News & Ratings for Sable Offshore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sable Offshore and related companies with MarketBeat.com's FREE daily email newsletter .
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