California Resources Corporation Plans Quarterly Dividend of $0.41 (NYSE:CRC)

Posted by Geri Gentry on Aug 10th, 2026

California Resources Corporation (NYSE:CRC – Get Free Report) announced a quarterly dividend on Monday, August 10th. Shareholders of record on Friday, September 4th will be paid a dividend of 0.405 per share by the oil and gas producer on Friday, September 18th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, September 4th.

California Resources has a payout ratio of 45.3% meaning its dividend is sufficiently covered by earnings. Analysts expect California Resources to earn $2.72 per share next year, which means the company should continue to be able to cover its $1.62 annual dividend with an expected future payout ratio of 59.6%.

California Resources Trading Up 3.4%

Shares of CRC traded up $1.77 during midday trading on Monday, reaching $53.85. The company had a trading volume of 1,764,884 shares, compared to its average volume of 896,249. California Resources has a 1-year low of $43.24 and a 1-year high of $71.98. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 0.45. The firm has a 50 day simple moving average of $54.18 and a 200-day simple moving average of $58.62. The stock has a market cap of $4.78 billion, a PE ratio of -10.36 and a beta of 0.93.

California Resources (NYSE:CRC – Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The oil and gas producer reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.37). California Resources had a negative net margin of 16.10% and a positive return on equity of 10.12%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $960.20 million. During the same period in the previous year, the firm posted $1.10 EPS. The company’s revenue was up 33.0% compared to the same quarter last year. Research analysts forecast that California Resources will post 4.02 EPS for the current fiscal year.

Insider Activity

In related news, EVP Jay A. Bys sold 11,907 shares of the business’s stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $54.00, for a total value of $642,978.00. Following the sale, the executive vice president directly owned 159,424 shares in the company, valued at approximately $8,608,896. The trade was a 6.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.53% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of California Resources by 6.4% in the 4th quarter. Vanguard Group Inc. now owns 8,775,097 shares of the oil and gas producer’s stock worth $392,335,000 after acquiring an additional 529,814 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in California Resources by 17.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,181,806 shares of the oil and gas producer’s stock valued at $186,968,000 after purchasing an additional 632,170 shares during the last quarter. State Street Corp increased its holdings in California Resources by 14.7% in the 4th quarter. State Street Corp now owns 3,842,223 shares of the oil and gas producer’s stock valued at $171,786,000 after purchasing an additional 491,751 shares during the last quarter. Victory Capital Management Inc. raised its position in California Resources by 200.7% in the fourth quarter. Victory Capital Management Inc. now owns 2,344,493 shares of the oil and gas producer’s stock valued at $104,822,000 after purchasing an additional 1,564,866 shares during the period. Finally, Sourcerock Group LLC raised its position in California Resources by 63.8% in the second quarter. Sourcerock Group LLC now owns 2,000,649 shares of the oil and gas producer’s stock valued at $91,370,000 after purchasing an additional 779,280 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

California Resources Company Profile

(Get Free Report)

California Resources Corporation (NYSE: CRC) is an independent exploration and production company focused exclusively on developing oil and natural gas assets in California. Headquartered in Newport Beach, the company engages in hydraulic fracturing, well completions, reservoir management and enhanced recovery operations to produce crude oil, natural gas and natural gas liquids.

CRC’s operations are concentrated in three core regions: the Los Angeles Basin, the Ventura Basin and the San Joaquin Basin.