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Karoon Energy Ltd ( (AU:KAR) ) has shared an update.
Karoon Energy Ltd has announced that Citigroup Global Markets Australia Pty Limited and its related entities have ceased to be substantial holders in the company as of November 17, 2025. This change in substantial holding is due to a decrease in relevant interest in shares by Citibank, N.A. Sydney Branch, Citigroup Global Markets Australia Pty Limited, and Citigroup Global Markets Limited, primarily through securities lending agreements. The impact of this announcement may influence the company’s shareholder structure and market perception as Citigroup’s reduced stake could affect investor confidence and market dynamics.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.80 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
More about Karoon Energy Ltd
Average Trading Volume: 4,154,170
Technical Sentiment Signal: Buy
Current Market Cap: A$1.23B
For an in-depth examination of KAR stock, go to TipRanks’ Overview page.