Dimensional Fund Advisors LP boosted its position in California Resources Corp (NYSE:CRC) by 2.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 153,318 shares of the oil and gas producer’s stock after purchasing an additional 3,079 shares during the quarter. Dimensional Fund Advisors LP’s holdings in California Resources were worth $1,604,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. purchased a new stake in California Resources in the 3rd quarter worth approximately $117,000. Raymond James Financial Services Advisors Inc. lifted its stake in California Resources by 5.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 13,620 shares of the oil and gas producer’s stock worth $116,000 after purchasing an additional 743 shares in the last quarter. BlueCrest Capital Management Ltd lifted its stake in California Resources by 17.5% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 16,808 shares of the oil and gas producer’s stock worth $144,000 after purchasing an additional 2,509 shares in the last quarter. Voya Investment Management LLC lifted its stake in California Resources by 41.6% in the 2nd quarter. Voya Investment Management LLC now owns 19,162 shares of the oil and gas producer’s stock worth $164,000 after purchasing an additional 5,631 shares in the last quarter. Finally, Mariner Investment Group LLC purchased a new stake in California Resources in the 3rd quarter worth approximately $227,000. Institutional investors and hedge funds own 74.41% of the company’s stock.

Shares of California Resources Corp (CRC) opened at $17.91 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.53 and a debt-to-equity ratio of -8.78. California Resources Corp has a 52-week low of $6.47 and a 52-week high of $25.06.

Several analysts have issued reports on the stock. Goldman Sachs Group upgraded shares of California Resources from a “sell” rating to a “neutral” rating and set a $27.50 target price on the stock in a research note on Thursday, February 1st. Zacks Investment Research cut shares of California Resources from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Bank of America upgraded shares of California Resources from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 16th. Societe Generale cut shares of California Resources from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Finally, Imperial Capital raised their price objective on shares of California Resources from $12.00 to $18.00 and gave the company an “in-line” rating in a research report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. California Resources presently has an average rating of “Hold” and a consensus price target of $21.50.

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California Resources Profile

California Resources Corporation is an independent oil and natural gas exploration and production company, with operating properties within the State of California. The Company produced approximately 140 thousand barrels of oil equivalent per day (MBoe/d), as of December 31, 2016. As of December 31, 2016, the Company had net proved reserves of 568 million barrels of oil equivalent (MMBoe).

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Institutional Ownership by Quarter for California Resources (NYSE:CRC)

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