Impala Asset Management LLC Takes Position in California Resources Corporation $CRC

Posted by Brian Himes on Jul 23rd, 2026

Impala Asset Management LLC bought a new stake in California Resources Corporation (NYSE:CRC – Free Report) during the 1st quarter, HoldingsChannel.com reports. The fund bought 25,000 shares of the oil and gas producer’s stock, valued at approximately $1,730,000. California Resources comprises 0.8% of Impala Asset Management LLC’s portfolio, making the stock its 20th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CRC. Rockefeller Capital Management L.P. raised its position in California Resources by 363.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 561 shares of the oil and gas producer’s stock worth $25,000 after buying an additional 440 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of California Resources in the 4th quarter valued at $26,000. Pinnacle Holdings LLC purchased a new stake in California Resources during the fourth quarter worth $27,000. Valued Wealth Advisors LLC purchased a new stake in California Resources during the first quarter worth $29,000. Finally, Allworth Financial LP boosted its holdings in California Resources by 328.6% during the third quarter. Allworth Financial LP now owns 780 shares of the oil and gas producer’s stock worth $41,000 after buying an additional 598 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CRC shares. Citigroup reduced 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. Stephens set a $85.00 price objective on California Resources and gave the company an “overweight” rating in a research report on Friday, July 17th. UBS Group reaffirmed a “buy” rating and set a $70.00 target price (down from $78.00) on shares of California Resources in a research note on Monday, July 13th. Zacks Research downgraded California Resources from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 15th. Finally, Wall Street Zen lowered California Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $73.09.

Check Out Our Latest Stock Analysis on CRC

Insider Transactions at California Resources

In other California Resources news, EVP Jay A. Bys sold 11,907 shares of California Resources stock in a transaction on Monday, July 13th. The shares were sold at an average price of $54.00, for a total transaction of $642,978.00. Following the sale, the executive vice president 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.53% of the stock is currently owned by company insiders.

California Resources Price Performance

Shares of California Resources stock opened at $53.83 on Thursday. The business has a 50 day simple moving average of $56.44 and a two-hundred day simple moving average of $58.17. California Resources Corporation has a 12 month low of $43.24 and a 12 month high of $71.98. The stock has a market capitalization of $4.78 billion, a P/E ratio of -10.35 and a beta of 0.92. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.55 and a quick ratio of 0.47.

California Resources (NYSE:CRC – Get Free Report) last released its earnings results on Tuesday, May 5th. The oil and gas producer reported $0.88 earnings per share for the quarter, meeting the consensus estimate 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 the consensus estimate of $947.50 million. During the same quarter last year, the business posted $1.07 earnings per share. The business’s quarterly revenue was down 87.0% compared to the same quarter last year. As a group, analysts predict that California Resources Corporation will post 4.02 EPS for the current fiscal year.

California Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, May 29th were issued a $0.405 dividend. The ex-dividend date was Friday, May 29th. This represents a $1.62 dividend on an annualized basis and a yield of 3.0%. California Resources’s dividend payout ratio (DPR) is presently -31.15%.

California Resources Company Profile

(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.