California Resources Corp (CRC) : Crescent Park Management scooped up 35,663 additional shares in California Resources Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 615,448 shares of California Resources Corp which is valued at $7,680,791.California Resources Corp makes up approximately 1.79% of Crescent Park Management’s portfolio.
Other Hedge Funds, Including , Apriem Advisors reduced its stake in CRC by selling 3 shares or 11.11% in the most recent quarter. The Hedge Fund company now holds 24 shares of CRC which is valued at $300. Edgar Lomax Cova sold out all of its stake in CRC during the most recent quarter. The investment firm sold 1,026 shares of CRC which is valued $12,804. Bahl Gaynor Inc sold out all of its stake in CRC during the most recent quarter. The investment firm sold 14,068 shares of CRC which is valued $175,569. Globeflex Capital L P added CRC to its portfolio by purchasing 72,500 company shares during the most recent quarter which is valued at $904,800. California Resources Corp makes up approx 0.23% of Globeflex Capital L P’s portfolio.Swiss National Bank reduced its stake in CRC by selling 16,758 shares or 21.09% in the most recent quarter. The Hedge Fund company now holds 62,689 shares of CRC which is valued at $619,994.
California Resources Corp opened for trading at $10.08 and hit $10.59 on the upside on Monday, eventually ending the session at $10.26, with a gain of 0.29% or 0.03 points. The heightened volatility saw the trading volume jump to 28,47,435 shares. Company has a market cap of $422 M.
On the company’s financial health, California Resources Corp reported $-1.80 EPS for the quarter, missing the analyst consensus estimate by $ -0.29 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $-1.51. The company had revenue of $317.00 million for the quarter, compared to analysts expectations of $437.70 million. The company’s revenue was down -50.4 % compared to the same quarter last year.
California Resources Corporation (CRC) is an independent oil and natural gas exploration and production company operating properties exclusively within the State of California. The Company has a mineral acreage consisting of approximately 2.4 million net acres spanning the states four oil and gas basins. The Companys four oil and gas basins include San Joaquin Basin Los Angeles Basin Ventura Basin and Sacramento Basin. It operates an average of approximately 26 drilling rigs across the state. It drilled approximately 1048 development wells with approximately 847 wells in the San Joaquin basin approximately 177 in the Los Angeles basin approximately 21 in the Ventura basin and approximately 3 in the Sacramento basin. It also drilled approximately 9 exploration wells in the San Joaquin basin approximately 4 in the Ventura basin and 1 in the Sacramento basin.