Jay Bys Sells 11,907 Shares of California Resources (NYSE:CRC) Stock

Posted by Stanley Muller on Jul 16th, 2026

California Resources Corporation (NYSE:CRC – Get Free Report) EVP Jay Bys sold 11,907 shares of the firm’s stock in a transaction on Monday, July 13th. The stock was sold at an average price of $54.00, for a total value of $642,978.00. Following the transaction, the executive vice president directly owned 159,424 shares of the company’s stock, valued at $8,608,896. The trade was a 6.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

California Resources Stock Down 0.1%

Shares of NYSE:CRC opened at $52.29 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 0.45. California Resources Corporation has a 52-week low of $43.24 and a 52-week high of $71.98. The stock’s fifty day simple moving average is $57.13 and its 200-day simple moving average is $57.87. The company has a market capitalization of $4.64 billion, a P/E ratio of -10.06 and a beta of 0.92.

California Resources (NYSE:CRC – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The oil and gas producer reported $0.88 EPS for the quarter, meeting analysts’ consensus estimates of $0.88. California Resources had a positive return on equity of 10.12% and a negative net margin of 16.10%.The business had revenue of $119.00 million for the quarter, compared to analyst estimates of $947.50 million. During the same quarter last year, the company earned $1.07 earnings per share. The business’s revenue for the quarter was down 87.0% compared to the same quarter last year. As a group, equities research analysts forecast that California Resources Corporation will post 5.23 earnings per share for the current fiscal year.

California Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, May 29th were paid a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, May 29th. California Resources’s dividend payout ratio (DPR) is currently -31.15%.

Institutional Investors Weigh In On California Resources

Hedge funds have recently modified their holdings of the stock. Federated Hermes Inc. increased its position in California Resources by 4.3% during the 4th quarter. Federated Hermes Inc. now owns 4,683 shares of the oil and gas producer’s stock worth $209,000 after purchasing an additional 195 shares in the last quarter. Quadrant Capital Group LLC lifted its position in California Resources by 14.6% during the fourth quarter. Quadrant Capital Group LLC now owns 1,677 shares of the oil and gas producer’s stock valued at $75,000 after buying an additional 214 shares in the last quarter. iA Global Asset Management Inc. lifted its position in California Resources by 4.4% during the fourth quarter. iA Global Asset Management Inc. now owns 5,440 shares of the oil and gas producer’s stock valued at $243,000 after buying an additional 230 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in California Resources by 13.6% during the first quarter. EverSource Wealth Advisors LLC now owns 2,234 shares of the oil and gas producer’s stock worth $155,000 after buying an additional 268 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in California Resources by 8.8% during the first quarter. PNC Financial Services Group Inc. now owns 4,053 shares of the oil and gas producer’s stock worth $281,000 after buying an additional 327 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CRC. Mizuho boosted their price objective on shares of California Resources from $86.00 to $87.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Barclays raised their target price on shares of California Resources from $72.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Citigroup cut their price target on California Resources from $78.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. UBS Group reissued a “buy” rating and set a $70.00 price target (down from $78.00) on shares of California Resources in a research note on Monday. Finally, Weiss Ratings lowered California Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, California Resources currently has an average rating of “Moderate Buy” and an average price target of $71.90.

Get Our Latest Analysis on CRC

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.