Capital Wealth Planning Exits Position in California Resources Corp (CRC)

California Resources Corp (CRC) : Capital Wealth Planning has sold out all of its stake in California Resources Corp during the most recent quarter, according to the disclosure filed by the company on May 12, 2016 with the SEC. The investment management company has sold out 412 shares of California Resources Corp which is valued at $626.

Other Hedge Funds, Including , 1832 Asset Management reduced its stake in CRC by selling 10,042 shares or 90.33% in the most recent quarter. The Hedge Fund company now holds 1,075 shares of CRC which is valued at $1,634. Advisor Partners sold out all of its stake in CRC during the most recent quarter. The investment firm sold 905 shares of CRC which is valued $1,376.Manufacturers Life Insurance Company The reduced its stake in CRC by selling 641,307 shares or 85.69% in the most recent quarter. The Hedge Fund company now holds 107,102 shares of CRC which is valued at $162,795.Profund Advisors reduced its stake in CRC by selling 20,611 shares or 51.95% in the most recent quarter. The Hedge Fund company now holds 19,066 shares of CRC which is valued at $32,984. Montecito Bank Trust sold out all of its stake in CRC during the most recent quarter. The investment firm sold 368 shares of CRC which is valued $637.

California Resources Corp opened for trading at $1.52 and hit $1.615 on the upside on Friday, eventually ending the session at $1.57, with a gain of 4.67% or 0.07 points. The heightened volatility saw the trading volume jump to 64,88,272 shares. Company has a market cap of $610,992 M.

Many Wall Street Analysts have commented on California Resources Corp. California Resources Corp was Downgraded by Societe Generale to ” Hold” on Mar 2, 2016. California Resources Corp was Downgraded by BofA/Merrill to ” Neutral” on Feb 23, 2016.

California Resources Corporation (CRC) is an independent oil and natural gas exploration and production company operating properties exclusively within the State of California. The Company has a mineral acreage consisting of approximately 2.4 million net acres spanning the state’s four oil and gas basins. The Company’s four oil and gas basins include San Joaquin Basin Los Angeles Basin Ventura Basin and Sacramento Basin. It operates an average of approximately 26 drilling rigs across the state. It drilled approximately 1048 development wells with approximately 847 wells in the San Joaquin basin approximately 177 in the Los Angeles basin approximately 21 in the Ventura basin and approximately 3 in the Sacramento basin. It also drilled approximately 9 exploration wells in the San Joaquin basin approximately 4 in the Ventura basin and 1 in the Sacramento basin.

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