Vanguard Group Inc. Purchases 2,975,712 Shares of Sable Offshore Corp. $SOC

Posted by Brenda Bartman on May 15th, 2026

Vanguard Group Inc. lifted its position in shares of Sable Offshore Corp. (NYSE:SOC – Free Report) by 64.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,557,670 shares of the company’s stock after acquiring an additional 2,975,712 shares during the quarter. Vanguard Group Inc. owned approximately 5.21% of Sable Offshore worth $68,170,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Sable Offshore during the fourth quarter worth $37,000. NewEdge Advisors LLC raised its position in shares of Sable Offshore by 36.2% during the first quarter. NewEdge Advisors LLC now owns 2,448 shares of the company’s stock worth $62,000 after acquiring an additional 650 shares during the last quarter. Rathbones Group PLC bought a new stake in shares of Sable Offshore during the fourth quarter worth $105,000. Whittier Trust Co. bought a new stake in shares of Sable Offshore during the third quarter worth $115,000. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Sable Offshore by 2,673.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 7,711 shares of the company’s stock worth $135,000 after acquiring an additional 7,433 shares during the last quarter. Institutional investors own 26.19% of the company’s stock.

Insiders Place Their Bets

In other Sable Offshore news, insider Anthony Duenner sold 39,312 shares of the stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $13.56, for a total value of $533,070.72. Following the completion of the sale, the insider directly owned 590,864 shares in the company, valued at $8,012,115.84. This represents a 6.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO James Caldwell Flores sold 39,311 shares of the stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $13.56, for a total value of $533,057.16. Following the completion of the sale, the chief operating officer owned 562,740 shares of the company’s stock, valued at $7,630,754.40. This trade represents a 6.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 1,077,406 shares of company stock worth $17,202,083 over the last ninety days. 36.36% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SOC. Jefferies Financial Group dropped their target price on Sable Offshore from $30.00 to $24.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Benchmark restated a “hold” rating on shares of Sable Offshore in a research report on Thursday, March 5th. Wall Street Zen upgraded Sable Offshore from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 25th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Sable Offshore in a report on Friday, April 24th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.00.

View Our Latest Report on Sable Offshore

Sable Offshore Trading Up 5.0%

NYSE SOC opened at $13.78 on Friday. The stock has a 50-day simple moving average of $14.71 and a 200 day simple moving average of $10.41. The company has a market capitalization of $2.13 billion, a PE ratio of -3.23 and a beta of -0.22. Sable Offshore Corp. has a 12 month low of $3.72 and a 12 month high of $35.00.

Sable Offshore (NYSE:SOC – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($1.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.52) by ($0.85). The business had revenue of $1.27 million during the quarter, compared to the consensus estimate of $16.10 million. As a group, sell-side analysts predict that Sable Offshore Corp. will post 0.86 earnings per share for the current fiscal year.

Sable Offshore Company Profile

(Free Report)

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.