Janus Henderson Group PLC Has $16.01 Million Stock Holdings in California Resources Co. (NYSE:CRC)

Janus Henderson Group PLC grew its stake in California Resources Co. (NYSE:CRC) by 8.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 308,459 shares of the oil and gas producer’s stock after purchasing an additional 24,154 shares during the quarter. Janus Henderson Group PLC owned about 0.34% of California Resources worth $16,006,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. R Squared Ltd acquired a new position in shares of California Resources in the 4th quarter valued at $31,000. Smartleaf Asset Management LLC lifted its stake in shares of California Resources by 331.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,057 shares of the oil and gas producer’s stock valued at $53,000 after purchasing an additional 812 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of California Resources by 71.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,088 shares of the oil and gas producer’s stock valued at $56,000 after purchasing an additional 454 shares during the period. Blue Trust Inc. lifted its stake in shares of California Resources by 518.4% in the 4th quarter. Blue Trust Inc. now owns 1,682 shares of the oil and gas producer’s stock valued at $88,000 after purchasing an additional 1,410 shares during the period. Finally, Sterling Capital Management LLC lifted its stake in shares of California Resources by 833.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,221 shares of the oil and gas producer’s stock valued at $115,000 after purchasing an additional 1,983 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CRC shares. Mizuho cut their price target on California Resources from $64.00 to $60.00 and set an “outperform” rating on the stock in a research note on Tuesday. StockNews.com upgraded shares of California Resources from a “hold” rating to a “buy” rating in a research report on Monday. Barclays upped their price objective on shares of California Resources from $47.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, May 9th. Roth Capital restated a “buy” rating on shares of California Resources in a research report on Wednesday, May 7th. Finally, Bank of America lowered their price objective on shares of California Resources from $64.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, April 29th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, California Resources has a consensus rating of “Moderate Buy” and an average price target of $59.64.

California Resources Price Performance

CRC stock opened at $43.06 on Friday. The stock has a 50-day moving average price of $39.02 and a two-hundred day moving average price of $47.47. The stock has a market cap of $3.84 billion, a PE ratio of 6.78, a price-to-earnings-growth ratio of 1.02 and a beta of 1.06. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. California Resources Co. has a 1 year low of $30.97 and a 1 year high of $60.41.

California Resources (NYSE:CRC) last announced its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.24. The company had revenue of $912.00 million during the quarter, compared to analysts’ expectations of $862.14 million. California Resources had a return on equity of 12.16% and a net margin of 17.43%. California Resources’s revenue for the quarter was up 100.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 EPS. Equities analysts forecast that California Resources Co. will post 3.85 EPS for the current fiscal year.

California Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.3875 dividend. This represents a $1.55 annualized dividend and a dividend yield of 3.60%. The ex-dividend date is Friday, May 30th. California Resources’s payout ratio is 28.13%.

Insider Activity

In related news, Director James N. Chapman acquired 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was bought at an average price of $39.42 per share, for a total transaction of $78,840.00. Following the acquisition, the director now directly owns 43,445 shares of the company’s stock, valued at approximately $1,712,601.90. The trade was a 4.83% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is owned by corporate insiders.

California Resources Profile

California Resources Corporation operates as an independent oil and natural gas exploration and production, and carbon management company in the United States. The company explores, produces, and markets crude oil, natural gas, and natural gas liquids for marketers, California refineries, and other purchasers that have access to transportation and storage facilities.