Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Sable Offshore Corp shares valued at $3,674,506 were sold by Pilgrim Global ICAV on Jul 18 ’25. At $21.98 per share, Pilgrim Global ICAV sold 167,175 shares. The insider’s holdings dropped to 9,933,394 shares worth approximately $284.69 million following the completion of this transaction.
Also, Pilgrim Global ICAV sold 143,806 shares, netting a total of over 3,648,358 in proceeds. Following the sale of shares at $25.37 each, the insider now holds 10,100,569 shares.
Before that, Pilgrim Global ICAV had added 750,000 shares to its account. In a trade valued at $15,000,000, the 10% Owner bought Sable Offshore Corp shares for $20.00 each. Upon closing the transaction, the insider’s holdings increased to 750,000 shares, worth approximately $251.95 million.
As published in their initiating research note from ROTH MKM on March 27, 2025, Sable Offshore Corp [SOC] has been a Buy and the price target has been revised to $30. Analysts at Pickering Energy Partners started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid December. As of November 05, 2024, Johnson Rice has initiated its “Buy” rating for SOC. Earlier on October 08, 2024, BWS Financial initiated its rating. Their recommendation was “a Sell” for SOC stock.
Analyzing SOC Stock Performance
On last trading session,, Sable Offshore Corp [NYSE: SOC] rose 1.96% to $28.66. The stock’s lowest price that day was $27.7738, but it reached a high of $29.05 in the same session. During the last five days, there has been a surge of approximately 1.13%. Over the course of the year, Sable Offshore Corp shares have jumped approximately 78.46%. Shares of the company reached a 52-week high of $35.00 on 05/19/25 and a 52-week low of $16.26 on 04/09/25.
Support And Resistance Levels for Sable Offshore Corp (SOC)
According to the 24-hour chart, there is a support level at 27.94, which, if violated, would cause prices to drop to 27.22. In the upper region, resistance lies at 29.22. The next price resistance is at 29.77. RSI (Relative Strength Index) is 60.75 on the 14-day chart, showing neutral technical sentiment.
Is Sable Offshore Corp subject to short interest?
Stocks of Sable Offshore Corp saw a sharp rise in short interest on 2025-06-30 jumping by 1.04 million shares to 11.19 million. Data from Yahoo Finance shows that the short interest on 2025-05-30 was 10.15 million shares. A jump of 9.27% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.22 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.22.
Which companies own the most shares of Sable Offshore Corp (SOC)?
In terms of Sable Offshore Corp share price expectations, FactSet research, analysts set an average price target of 37 in the next 12 months, up nearly 31.63% from the previous closing price of $28.11. Analysts anticipate Sable Offshore Corp stock to reach 37 by 2025, with the lowest price target being 37. In spite of this, 2 analysts ranked Sable Offshore Corp stock as Buy at the end of 2025. On August 13, 2024, Jefferies assigned a price target of “a Buy” to the stock and initiated coverage with a $19.
