4,608 Shares in Sable Offshore Corp. (NYSE:SOC) Acquired by ORG Wealth Partners LLC

ORG Wealth Partners LLC acquired a new position in Sable Offshore Corp. (NYSE:SOC) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 4,608 shares of the company’s stock, valued at approximately $106,000.

Several other institutional investors also recently modified their holdings of the stock. Amalgamated Bank bought a new position in Sable Offshore during the second quarter valued at approximately $26,000. US Bancorp DE grew its position in Sable Offshore by 340.4% during the third quarter. US Bancorp DE now owns 4,862 shares of the company’s stock valued at $115,000 after acquiring an additional 3,758 shares during the last quarter. Covestor Ltd bought a new position in Sable Offshore during the third quarter valued at approximately $130,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Sable Offshore by 31.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,565 shares of the company’s stock valued at $179,000 after acquiring an additional 1,830 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in Sable Offshore during the third quarter valued at approximately $245,000. 26.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Pickering Energy Partners assumed coverage on shares of Sable Offshore in a research report on Tuesday, December 17th. They set an “outperform” rating on the stock. BWS Financial reiterated a “sell” rating and set a $6.00 price target on shares of Sable Offshore in a research report on Wednesday, November 27th. Johnson Rice started coverage on shares of Sable Offshore in a research report on Tuesday, November 5th. They set a “buy” rating and a $30.00 price target on the stock. Finally, Benchmark restated a “buy” rating and issued a $37.00 target price on shares of Sable Offshore in a report on Monday, October 7th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $25.00.

Sable Offshore Trading Up 0.7 %

Shares of SOC stock opened at $22.91 on Friday. The stock has a fifty day moving average of $22.45 and a 200 day moving average of $19.93. Sable Offshore Corp. has a 52 week low of $10.11 and a 52 week high of $28.67. The company has a quick ratio of 3.34, a current ratio of 3.50 and a debt-to-equity ratio of 4.86.

Sable Offshore Company Profile

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.