1 week Ago By ABMN Staff
JPMorgan Chase & Co. increased its holdings in shares of California Resources Co. ( NYSE:CRC – Free Report ) by 158.
7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 374,793 shares of the oil and gas producer’s stock after acquiring an additional 229,940 shares during the quarter. JPMorgan Chase & Co.
owned about 0.41% of California Resources worth $19,448,000 at the end of the most recent reporting period. Several other large investors also recently bought and sold shares of CRC.
Vanguard Group Inc. boosted its holdings 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 worth $484,953,000 after purchasing an additional 225,620 shares during the last quarter. State Street Corp lifted its position in California Resources by 5.
1% during the third quarter. State Street Corp now owns 3,449,988 shares of the oil and gas producer’s stock worth $181,021,000 after buying an additional 168,278 shares in the last quarter. American Century Companies Inc.
boosted its stake in 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 worth $120,785,000 after buying an additional 290,263 shares during the last quarter. Geode Capital Management LLC grew its holdings in California Resources by 3.6% in the 3rd quarter.
Geode Capital Management LLC now owns 1,592,663 shares of the oil and gas producer’s stock valued at $83,583,000 after buying an additional 55,815 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of California Resources by 5.
9% in the 4th 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 acquiring an additional 57,614 shares during the last quarter.
Hedge funds and other institutional investors own 97.79% of the company’s stock. Analyst Upgrades and Downgrades Several research analysts have recently weighed in on the stock.
JPMorgan Chase & Co. started coverage on shares of California Resources in a research report on Friday, December 20th. They set a “neutral” rating and a $63.
00 price target on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $68.00 target price on shares of California Resources in a report on Thursday, March 27th.
Truist Financial started coverage on shares of California Resources in a report on Monday, January 13th. They set a “buy” rating and a $75.00 price target for the company.
Barclays decreased their price objective on California Resources from $57.00 to $55.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 5th.
Finally, Citigroup cut California Resources from a “buy” rating to a “neutral” rating and cut their target price for the stock from $62.00 to $36.00 in a research note on Monday.
Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $64.50.
Insider Buying and Selling In related news, Director James N. Chapman acquired 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average price of $39.
42 per share, for a total transaction of $78,840.00. Following the purchase, the director now owns 43,445 shares of the company’s stock, valued at $1,712,601.
90. This represents a 4.83 % increase in their position.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . 0.03% of the stock is currently owned by insiders.
California Resources Stock Performance Shares of California Resources stock opened at $33.43 on Friday. The company has a debt-to-equity ratio of 0.
32, a current ratio of 0.97 and a quick ratio of 0.89.
The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 5.26, a price-to-earnings-growth ratio of 1.
02 and a beta of 1.03. The business has a 50-day moving average of $43.
33 and a 200 day moving average of $50.11. California Resources Co.
has a 12 month low of $30.97 and a 12 month high of $60.41.
California Resources ( NYSE:CRC – Get Free Report ) last announced its earnings results on Monday, March 3rd. The oil and gas producer reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.
96 by ($0.05). California Resources had a return on equity of 12.
16% and a net margin of 17.43%. The business had revenue of $877.
00 million for the quarter, compared to analysts’ expectations of $901.36 million. As a group, sell-side analysts forecast that California Resources Co.
will post 3.85 earnings per share for the current year. California Resources Announces Dividend The business also recently announced a quarterly dividend, which was paid on Friday, March 21st.
Investors 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 4.64%.
California Resources’s dividend payout ratio (DPR) is presently 37.71%. 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. Featured Stories 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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