2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. reduced its holdings in shares of California Resources Co. ( NYSE:CRC – Free Report ) by 9.
2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,702 shares of the oil and gas producer’s stock after selling 13,371 shares during the period. Russell Investments Group Ltd.
owned approximately 0.15% of California Resources worth $6,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CRC.
Vanguard Group Inc. grew its holdings in shares of California Resources by 2.5% during the fourth quarter.
Vanguard Group Inc. now owns 9,345,789 shares of the oil and gas producer’s stock valued at $484,953,000 after buying an additional 225,620 shares during the last quarter. American Century Companies Inc.
grew its stake in California Resources by 14.2% during the 4th quarter. American Century Companies Inc.
now owns 2,327,712 shares of the oil and gas producer’s stock valued at $120,785,000 after purchasing an additional 290,263 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of California Resources by 0.8% in the fourth quarter.
Geode Capital Management LLC now owns 1,605,779 shares of the oil and gas producer’s stock valued at $83,344,000 after purchasing an additional 13,116 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of California Resources by 5.
9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,031,816 shares of the oil and gas producer’s stock worth $53,541,000 after purchasing an additional 57,614 shares during the last quarter.
Finally, Bank of New York Mellon Corp lifted its holdings in shares of California Resources by 2.0% during the fourth quarter. Bank of New York Mellon Corp now owns 739,057 shares of the oil and gas producer’s stock worth $38,350,000 after purchasing an additional 14,240 shares during the period.
97.79% of the stock is currently owned by hedge funds and other institutional investors. California Resources Stock Up 2.
5 % Shares of NYSE CRC opened at $34.32 on Monday. California Resources Co.
has a 52-week low of $30.97 and a 52-week high of $60.41.
The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 0.
32. The company’s 50-day simple moving average is $43.04 and its 200-day simple moving average is $49.
99. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 5.
40, a price-to-earnings-growth ratio of 1.02 and a beta of 1.03.
California Resources Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a $0.3875 dividend.
The ex-dividend date was Monday, March 10th. This represents a $1.55 dividend on an annualized basis and a yield of 4.
52%. California Resources’s payout ratio is currently 37.71%.
Insiders Place Their Bets In other California Resources news, Director James N. Chapman purchased 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average cost of $39.
42 per share, with a total value of $78,840.00. Following the completion of the purchase, the director now owns 43,445 shares in the company, valued at approximately $1,712,601.
90. This represents a 4.83 % increase in their position.
The acquisition was disclosed in a document filed with the SEC, which is available through this link . 0.03% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets Several analysts have commented on the stock. Citigroup cut shares of California Resources from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $62.00 to $36.
00 in a research note on Monday, April 7th. JPMorgan Chase & Co. started coverage on California Resources in a research report on Friday, December 20th.
They set a “neutral” rating and a $63.00 price target on the stock. Barclays decreased their price objective on California Resources from $57.
00 to $55.00 and set an “equal weight” rating for the company in a report on Wednesday, March 5th. Royal Bank of Canada decreased their price target on California Resources from $68.
00 to $60.00 and set an “outperform” rating for the company in a report on Friday. Finally, Truist Financial assumed coverage on shares of California Resources in a research note on Monday, January 13th.
They set a “buy” rating and a $75.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company.
Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.83. Read Our Latest Stock Report on CRC California Resources Company Profile ( Free Report ) California Resources Corporation operates as an independent oil and natural gas exploration and production, and carbon management company in the United States.
The company explores, produces, and markets crude oil, natural gas, and natural gas liquids for marketers, California refineries, and other purchasers that have access to transportation and storage facilities. Further Reading Receive News & Ratings for California Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for California Resources and related companies with MarketBeat.com's FREE daily email newsletter .
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