Sable Offshore Corp. (NYSE:SOC) Holdings Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in Sable Offshore Corp. (NYSE:SOC) by 27.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 493,042 shares of the company’s stock after acquiring an additional 107,475 shares during the period. Charles Schwab Investment Management Inc. owned about 0.55% of Sable Offshore worth $11,291,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SOC. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Sable Offshore by 31.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,565 shares of the company’s stock valued at $179,000 after purchasing an additional 1,830 shares during the period. Salem Investment Counselors Inc. increased its stake in shares of Sable Offshore by 81.8% in the fourth quarter. Salem Investment Counselors Inc. now owns 5,000 shares of the company’s stock valued at $114,000 after purchasing an additional 2,250 shares during the period. Rhumbline Advisers increased its stake in shares of Sable Offshore by 5.0% in the fourth quarter. Rhumbline Advisers now owns 66,413 shares of the company’s stock valued at $1,521,000 after purchasing an additional 3,140 shares during the period. IFP Advisors Inc acquired a new stake in shares of Sable Offshore in the fourth quarter valued at approximately $81,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Sable Offshore by 9.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 39,248 shares of the company’s stock valued at $927,000 after purchasing an additional 3,531 shares during the period. Institutional investors own 26.19% of the company’s stock.

Analysts Set New Price Targets

SOC has been the topic of a number of research analyst reports. Pickering Energy Partners initiated coverage on shares of Sable Offshore in a research note on Tuesday, December 17th. They set an “outperform” rating on the stock. BWS Financial reiterated a “sell” rating and set a $6.00 price objective on shares of Sable Offshore in a research note on Tuesday. Finally, Benchmark reiterated a “buy” rating on shares of Sable Offshore in a research note on Tuesday. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.25.

Sable Offshore Stock Performance

Sable Offshore stock opened at $25.08 on Friday. The company has a 50 day moving average price of $25.88 and a 200 day moving average price of $23.58. Sable Offshore Corp. has a 52 week low of $10.11 and a 52 week high of $32.33. 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 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.