Mraz Amerine & Associates Inc. purchased a new position in shares of California Resources Corporation (NYSE:CRC) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 71,097 shares of the oil and gas producer’s stock, valued at approximately $744,000. Mraz Amerine & Associates Inc. owned approximately 0.17% of California Resources Corporation as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of CRC. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of California Resources Corporation by 5.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 13,620 shares of the oil and gas producer’s stock worth $116,000 after buying an additional 743 shares in the last quarter. Koch Industries Inc. boosted its holdings in shares of California Resources Corporation by 1,014.6% during the 2nd quarter. Koch Industries Inc. now owns 148,225 shares of the oil and gas producer’s stock worth $133,000 after buying an additional 134,927 shares in the last quarter. Bayesian Capital Management LP bought a new position in shares of California Resources Corporation during the 2nd quarter worth approximately $141,000. BlueCrest Capital Management Ltd boosted its holdings in shares of California Resources Corporation by 17.5% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 16,808 shares of the oil and gas producer’s stock worth $144,000 after buying an additional 2,509 shares in the last quarter. Finally, Voya Investment Management LLC boosted its holdings in shares of California Resources Corporation by 41.6% during the 2nd quarter. Voya Investment Management LLC now owns 19,162 shares of the oil and gas producer’s stock worth $164,000 after buying an additional 5,631 shares in the last quarter. Hedge funds and other institutional investors own 74.15% of the company’s stock.

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Shares of California Resources Corporation (NYSE CRC) traded down $0.13 during trading hours on Friday, hitting $16.26. The stock had a trading volume of 1,870,800 shares, compared to its average volume of 1,949,641. The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of -8.78. California Resources Corporation has a one year low of $6.47 and a one year high of $23.42.

California Resources Corporation (NYSE:CRC) last issued its earnings results on Monday, November 6th. The oil and gas producer reported ($1.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.61) by $0.39. The firm had revenue of $455.00 million for the quarter, compared to analyst estimates of $476.87 million. During the same period in the previous year, the company earned ($1.75) earnings per share. California Resources Corporation’s revenue for the quarter was down .2% compared to the same quarter last year. equities analysts predict that California Resources Corporation will post -4.72 EPS for the current fiscal year.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised California Resources Corporation from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Thursday. Societe Generale raised California Resources Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Imperial Capital upped their target price on California Resources Corporation from $12.00 to $18.00 and gave the stock an “in-line” rating in a research report on Wednesday. Morgan Stanley raised California Resources Corporation from an “equal weight” rating to an “overweight” rating and set a $12.00 target price on the stock in a research report on Tuesday, November 7th. Finally, ValuEngine lowered California Resources Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, October 6th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. California Resources Corporation currently has a consensus rating of “Hold” and a consensus target price of $14.25.

California Resources Corporation Company 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 Corporation (NYSE:CRC)

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