4 hours Ago By Defense World Staff
Bank of Montreal Can grew its stake in California Resources Co. (NYSE:CRC – Free Report) by 101.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission.
The institutional investor owned 8,033 shares of the oil and gas producer’s stock after purchasing an additional 4,050 shares during the quarter. Bank of Montreal Can’s holdings in California Resources were worth $417,000 at the end of the most recent quarter. Other large investors have also bought and sold shares of the company.
American Century Companies Inc. grew its holdings in shares of California Resources by 14.2% during the fourth 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 buying an additional 290,263 shares during the last quarter. JPMorgan Chase & Co.
grew its position in shares of California Resources by 158.7% during the 4th quarter. JPMorgan Chase & Co.
now owns 374,793 shares of the oil and gas producer’s stock valued at $19,448,000 after acquiring an additional 229,940 shares during the period. Vanguard Group Inc. lifted its position in shares of California Resources by 2.
5% during the 4th 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 in the last quarter.
ExodusPoint Capital Management LP purchased a new stake in shares of California Resources in the fourth quarter worth $10,014,000. Finally, Edgestream Partners L.P.
bought a new stake in shares of California Resources during the 4th quarter valued at $7,884,000. 97.79% of the stock is owned by institutional investors.
Insider Buying and SellingIn other California Resources news, Director James N. Chapman acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was bought at an average price of $39.
42 per share, with a total value of $78,840.00. Following the completion of the transaction, the director now directly owns 43,445 shares of the company’s stock, valued at approximately $1,712,601.
90. The trade was a 4.83 % increase in their ownership of the stock.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast GrowthA number of research analysts have recently commented on CRC shares. Citigroup downgraded California Resources from a “buy” rating to a “neutral” rating and lowered their target price for the company from $62.00 to $36.
00 in a research report on Monday, April 7th. Royal Bank of Canada dropped their target price on shares of California Resources from $68.00 to $60.
00 and set an “outperform” rating on the stock in a report on Friday, April 11th. 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 research note on Wednesday, March 5th. Finally, Truist Financial began coverage on shares of California Resources in a research note on Monday, January 13th. They issued a “buy” rating and a $75.
00 target price for the company. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.
83.View Our Latest Report on CRCCalifornia Resources Price PerformanceShares of NYSE:CRC opened at $34.97 on Wednesday.
California Resources Co. has a one year low of $30.97 and a one year high of $60.
41. The company has a 50-day simple moving average of $41.29 and a 200-day simple moving average of $49.
13. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.
89 and a current ratio of 0.97. The stock has a market capitalization of $3.
17 billion, a price-to-earnings ratio of 5.51, a PEG ratio of 1.02 and a beta of 1.
03. California Resources (NYSE:CRC – Get Free Report) last posted its quarterly earnings results on Monday, March 3rd. The oil and gas producer reported $0.
91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.05).
The firm had revenue of $877.00 million for the quarter, compared to analysts’ expectations of $901.36 million.
California Resources had a return on equity of 12.16% and a net margin of 17.43%.
On average, analysts predict that California Resources Co. will post 3.85 EPS for the current year.
California Resources Announces DividendThe firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a dividend of $0.3875 per share.
This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.43%.
The ex-dividend date of this dividend was Monday, March 10th. California Resources’s dividend payout ratio is presently 37.71%.
About California Resources (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.See AlsoFive stocks we like better than California ResourcesWhat is the S&P/TSX Index?How to Invest in Micro-Cap Stocks Like a Pro10 Best Airline Stocks to BuyInvestors Sell Microsoft Stock on OpenAI News—Time to Buy? What Is WallStreetBets and What Stocks Are They Targeting?Take-Two Interactive: A Defensive Play Set to ExplodeWant to see what other hedge funds are holding CRC? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for California Resources Co. (NYSE:CRC – Free Report)..
