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

Key Points

• COO James Caldwell Flores sold 40,743 shares on April 28 at an average of $13.33 for $543,104.19 to cover tax withholding on vested awards, leaving him with 502,051 shares (a 7.51% reduction in his holdings).
• Several other insiders (including the EVP and another officer) executed similar ~39k–40.7k share sales on April 28–29 at roughly $13.33–$13.56 to satisfy tax obligations, and all sellers retain substantial stakes, indicating these were likely administrative rather than a vote of no confidence.
• Sable Offshore shares trade around $13.94 (12‑month range $3.72–$35.00) with a market cap near $2.05B; analyst coverage is mixed (average rating "Hold" and a consensus price target of about $18) while some services maintain bearish ratings.

Sable Offshore Corp. (NYSE:SOC - Get Free Report) COO James Caldwell Flores sold 40,743 shares of the company's stock in a transaction that occurred 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 sale, the chief operating officer owned 502,051 shares in the company, valued at approximately $6,692,339.83. This represents a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 value 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 value of $4,657,861.89.

Sable Offshore Stock Performance

Shares of SOC stock traded down $0.42 during trading hours on Friday, hitting $13.94. The company had a trading volume of 1,494,202 shares, compared to its average volume of 6,267,430. Sable Offshore Corp. has a 12 month low of $3.72 and a 12 month high of $35.00. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of -3.32 and a beta of -0.10. The firm's fifty day moving average is $13.96 and its 200 day moving average is $10.49.

Sable Offshore (NYSE:SOC - Get Free Report) last released its quarterly earnings data on Friday, February 27th. The company reported ($0.39) earnings per share for the quarter, beating the consensus estimate of ($0.59) by $0.20. On average, sell-side analysts expect that Sable Offshore Corp. will post 1.47 EPS for the current fiscal year.

Key Stories Impacting Sable Offshore

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. Analyst Coverage & Research
• 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

Wall Street Analyst Weigh In

Several brokerages have recently commented on SOC. Wall Street Zen raised Sable Offshore from a "strong sell" rating to a "sell" rating in a report on Saturday, April 25th. Weiss Ratings reissued a "sell (d-)" rating on shares of Sable Offshore in a report on Friday, April 24th. Jefferies Financial Group reduced their target price on Sable Offshore from $30.00 to $24.00 and set a "buy" rating on the stock in a report on Wednesday, April 22nd. Finally, Benchmark reaffirmed a "hold" rating on shares of Sable Offshore in a report on Thursday, March 5th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $18.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Hsbc Holdings PLC acquired a new position in Sable Offshore during the 1st quarter worth $1,663,000. Kestra Advisory Services LLC lifted its stake in shares of Sable Offshore by 211.2% in the 1st quarter. Kestra Advisory Services LLC now owns 33,521 shares of the company's stock valued at $554,000 after purchasing an additional 22,750 shares during the period. Lee Danner & Bass Inc. acquired a new position in shares of Sable Offshore in the 1st quarter valued at $1,156,000. Tactive Advisors LLC acquired a new position in shares of Sable Offshore in the 1st quarter valued at $748,000. Finally, Purpose Unlimited Inc. acquired a new position in shares of Sable Offshore in the 4th quarter valued at $1,078,000. Institutional investors and hedge funds own 26.19% of the company's stock.

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.

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