150,239 Shares in California Resources Corp (CRC) Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP acquired a new position in shares of California Resources Corp (NYSE:CRC) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 150,239 shares of the oil and gas producer’s stock, valued at approximately $1,285,000. Dimensional Fund Advisors LP owned approximately 0.35% of California Resources as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of California Resources by 4.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,848,193 shares of the oil and gas producer’s stock worth $15,803,000 after acquiring an additional 84,072 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of California Resources by 193.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,103,278 shares of the oil and gas producer’s stock worth $9,434,000 after acquiring an additional 727,264 shares in the last quarter. Crescent Park Management L.P. boosted its stake in shares of California Resources by 37.3% during the 2nd quarter. Crescent Park Management L.P. now owns 1,013,766 shares of the oil and gas producer’s stock worth $8,668,000 after acquiring an additional 275,318 shares in the last quarter. GRT Capital Partners L.L.C. boosted its stake in shares of California Resources by 9.0% during the 2nd quarter. GRT Capital Partners L.L.C. now owns 586,996 shares of the oil and gas producer’s stock worth $5,019,000 after acquiring an additional 48,541 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of California Resources by 19.5% during the 2nd quarter. Northern Trust Corp now owns 518,850 shares of the oil and gas producer’s stock worth $4,436,000 after acquiring an additional 84,823 shares in the last quarter. 75.55% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on CRC shares. Morgan Stanley raised their price objective on California Resources from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 18th. Zacks Investment Research raised California Resources from a “hold” rating to a “strong-buy” rating and set a $12.00 target price for the company in a research report on Wednesday, October 18th. Imperial Capital assumed coverage on California Resources in a research report on Tuesday, October 3rd. They issued an “in-line” rating and a $12.00 target price for the company. ValuEngine cut California Resources from a “sell” rating to a “strong sell” rating in a research report on Friday, October 6th. Finally, Societe Generale raised California Resources from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. California Resources presently has an average rating of “Hold” and a consensus price target of $14.25.

Shares of California Resources Corp (CRC) opened at $17.45 on Friday. The company has a debt-to-equity ratio of -8.78, a quick ratio of 0.53 and a current ratio of 0.61. California Resources Corp has a 12-month low of $6.47 and a 12-month high of $23.42.

California Resources (NYSE:CRC) last issued its earnings results on Monday, November 6th. The oil and gas producer reported ($1.22) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.61) by $0.39. The business had revenue of $455.00 million during the quarter, compared to analyst estimates of $476.87 million. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the business earned ($1.75) EPS. research analysts anticipate that California Resources Corp will post -4.67 EPS for the current fiscal year.

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California Resources Profile

California Resources Corporation is an independent oil and natural gas exploration and production company, with operating properties within the State of California. The Company produced approximately 140 thousand barrels of oil equivalent per day (MBoe/d), as of December 31, 2016. As of December 31, 2016, the Company had net proved reserves of 568 million barrels of oil equivalent (MMBoe).

Institutional Ownership by Quarter for California Resources (NYSE:CRC)

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