XTX Topco Ltd Buys Shares of 17,287 California Resources Co. (NYSE:CRC)

XTX Topco Ltd acquired a new position in shares of California Resources Co. (NYSE:CRC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 17,287 shares of the oil and gas producer's stock, valued at approximately $897,000.

A number of other large investors have also bought and sold shares of the business. R Squared Ltd acquired a new stake in California Resources in the 4th quarter valued at $31,000. Smartleaf Asset Management LLC boosted its position in shares of California Resources by 331.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,057 shares of the oil and gas producer's stock valued at $53,000 after acquiring an additional 812 shares during the period. Nisa Investment Advisors LLC grew its position in shares of California Resources by 71.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,088 shares of the oil and gas producer's stock worth $56,000 after purchasing an additional 454 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of California Resources by 22.8% during the 4th quarter. GAMMA Investing LLC now owns 1,196 shares of the oil and gas producer's stock valued at $62,000 after acquiring an additional 222 shares during the period. Finally, Blue Trust Inc. grew its stake in 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 buying an additional 1,410 shares in the last quarter. 97.79% of the stock is owned by institutional investors.

California Resources Stock Up 2.6 %

Shares of CRC stock traded up $0.90 during trading hours on Tuesday, hitting $35.22. 63,635 shares of the company's stock traded hands, compared to its average volume of 850,763. 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 stock has a market cap of $3.19 billion, a price-to-earnings ratio of 5.55, a PEG ratio of 1.02 and a beta of 1.03. The stock's fifty day simple moving average is $41.52 and its two-hundred day simple moving average is $49.23. 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 issued its quarterly 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). The company had revenue of $877.00 million for the quarter, compared to the consensus estimate of $901.36 million. California Resources had a net margin of 17.43% and a return on equity of 12.16%. On average, analysts expect that California Resources Co. will post 3.85 EPS for the current year.

California Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a $0.3875 dividend. This represents a $1.55 annualized dividend and a dividend yield of 4.40%. The ex-dividend date was Monday, March 10th. California Resources's dividend payout ratio (DPR) is presently 37.71%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Royal Bank of Canada lowered 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, April 11th. Truist Financial initiated coverage on California Resources in a research report on Monday, January 13th. They set a "buy" rating and a $75.00 price objective for the company. Barclays lowered their price target on shares of California Resources from $57.00 to $55.00 and set an "equal weight" rating for the company in a report on Wednesday, March 5th. Finally, Citigroup lowered shares of California Resources from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $62.00 to $36.00 in a research note on Monday, April 7th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $63.83.

Insider Buying and Selling at California Resources

In other California Resources news, Director James N. Chapman acquired 2,000 shares of the stock in a transaction on 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 completion of the transaction, the director now directly owns 43,445 shares of the company's stock, valued at $1,712,601.90. This trade represents a 4.83 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

California Resources Company 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.