New insider activity at Sable Offshore ( (SOC) ) has taken place on October 17, 2025.
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In a notable transaction, significant shareholder Pilgrim Global ICAV has acquired 982,645 shares of Sable Offshore stock, amounting to a substantial investment of $14,777,318.
Recent Updates on SOC stock
Sable Offshore’s stock experienced significant volatility following a tentative ruling by the Santa Barbara Superior Court against the company in its litigation with the California Coastal Commission. Despite the setback, which involved the state’s cease and desist order on pipeline repairs, the ruling is not expected to impact the resumption of petroleum transportation through the Las Flores Pipeline System or oil production from the Santa Ynez Unit. Analysts from Jefferies and Roth Capital maintained a Buy rating on the stock, with differing price targets, citing the limited immediate impact of the ruling on operations and the company’s strategic focus on an Offshore Storage & Treating Vessel strategy to manage production and refinance existing loans. However, the stock traded down significantly, reflecting investor concerns over the legal challenges and their potential implications.
More about Sable Offshore
YTD Price Performance: -43.64%
Average Trading Volume: 3,998,870
Technical Sentiment Signal: Sell
Current Market Cap: $1.31B