California Resources Co. (NYSE:CRC) is Hara Capital LLC's 3rd Largest Position

Hara Capital LLC lessened its position in shares of California Resources Co. (NYSE:CRC - Free Report) by 24.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 114,074 shares of the oil and gas producer's stock after selling 37,265 shares during the quarter. California Resources makes up 3.8% of Hara Capital LLC's holdings, making the stock its 3rd biggest position. Hara Capital LLC owned about 0.12% of California Resources worth $5,919,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of California Resources during the 4th quarter worth approximately $31,000. Nisa Investment Advisors LLC raised its position in California Resources by 71.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,088 shares of the oil and gas producer's stock worth $56,000 after acquiring an additional 454 shares during the period. GAMMA Investing LLC lifted its holdings in California Resources by 22.8% during the fourth quarter. GAMMA Investing LLC now owns 1,196 shares of the oil and gas producer's stock valued at $62,000 after purchasing an additional 222 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of California Resources in the third quarter valued at about $70,000. Finally, Blue Trust Inc. increased its stake in shares of California Resources by 518.4% during the fourth quarter. Blue Trust Inc. now owns 1,682 shares of the oil and gas producer's stock worth $88,000 after purchasing an additional 1,410 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

Insider Buying and Selling at California Resources

In other California Resources news, EVP Omar Hayat sold 16,016 shares of California Resources stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $55.18, for a total transaction of $883,762.88. Following the completion of the sale, the executive vice president now directly owns 30,940 shares in the company, valued at $1,707,269.20. This trade represents a 34.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CRC shares. TD Cowen lifted their price objective on California Resources from $65.00 to $74.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. StockNews.com raised California Resources from a "sell" rating to a "hold" rating in a research note on Saturday, November 16th. Jefferies Financial Group began coverage on California Resources in a research note on Thursday, October 24th. They issued a "buy" rating and a $64.00 price objective for the company. 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 target price on the stock. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $70.00 target price on shares of California Resources in a research report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, California Resources currently has an average rating of "Moderate Buy" and an average price target of $67.25.

California Resources Trading Down 3.0 %

Shares of CRC stock traded down $1.47 during trading on Friday, hitting $47.32. 725,221 shares of the stock traded hands, compared to its average volume of 703,027. The firm has a market capitalization of $4.32 billion, a P/E ratio of 7.45, a price-to-earnings-growth ratio of 1.01 and a beta of 1.04. California Resources Co. has a 52-week low of $43.09 and a 52-week high of $60.41. 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 firm's fifty day moving average price is $50.90 and its 200-day moving average price is $52.27.

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.