California Resources Co. (NYSE:CRC) Shares Sold by Barclays PLC

Barclays PLC reduced its stake in shares of California Resources Co. (NYSE:CRC - Free Report) by 8.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 135,402 shares of the oil and gas producer's stock after selling 13,148 shares during the quarter. Barclays PLC owned about 0.15% of California Resources worth $7,027,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Yousif Capital Management LLC raised its holdings in California Resources by 0.7% during the 4th quarter. Yousif Capital Management LLC now owns 26,924 shares of the oil and gas producer's stock valued at $1,397,000 after buying an additional 196 shares during the period. GAMMA Investing LLC lifted its holdings in shares of California Resources by 22.8% in the 4th quarter. GAMMA Investing LLC now owns 1,196 shares of the oil and gas producer's stock worth $62,000 after acquiring an additional 222 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of California Resources by 1.2% during the 4th quarter. Arizona State Retirement System now owns 18,199 shares of the oil and gas producer's stock worth $944,000 after purchasing an additional 222 shares during the period. Summit Investment Advisors Inc. grew its holdings in California Resources by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 7,217 shares of the oil and gas producer's stock valued at $374,000 after purchasing an additional 228 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its stake in California Resources by 3.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 10,835 shares of the oil and gas producer's stock worth $562,000 after purchasing an additional 371 shares during the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on CRC. Citigroup lowered California Resources from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $62.00 to $36.00 in a research note on Monday, April 7th. Truist Financial started coverage on shares of California Resources in a research note on Monday, January 13th. They issued a "buy" rating and a $75.00 price target on the stock. Barclays lowered their price objective on shares of California Resources from $55.00 to $47.00 and set an "equal weight" rating for the company in a research report on Wednesday. Finally, 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 research note on Friday, April 11th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $62.64.

California Resources Stock Up 0.7 %

CRC traded up $0.26 on Friday, hitting $35.62. The company had a trading volume of 884,172 shares, compared to its average volume of 860,667. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 5.61, a P/E/G ratio of 1.02 and a beta of 1.03. The stock has a fifty day moving average price of $40.51 and a 200-day moving average price of $48.77. California Resources Co. has a 12-month low of $30.97 and a 12-month high of $60.41. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.97.

California Resources (NYSE:CRC - Get Free Report) last posted its quarterly earnings data on Monday, March 3rd. The oil and gas producer reported $0.91 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 the consensus estimate of $901.36 million. California Resources had a return on equity of 12.16% and a net margin of 17.43%. Analysts predict that California Resources Co. will post 3.85 EPS for the current fiscal year.

California Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a dividend of $0.3875 per share. The ex-dividend date was Monday, March 10th. This represents a $1.55 annualized dividend and a yield of 4.35%. California Resources's dividend payout ratio (DPR) is 37.71%.

Insider Buying and Selling at California Resources

In other California Resources news, Director James N. Chapman bought 2,000 shares of California Resources stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $39.42 per share, with a total value of $78,840.00. Following the completion of the acquisition, the director now directly owns 43,445 shares in the company, valued at approximately $1,712,601.90. This trade represents a 4.83 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is currently owned by company insiders.

California Resources Profile

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.