First National Bank Of Omaha Exits Position in California Resources Corp (CRC)

California Resources Corp (CRC) : First National Bank Of Omaha 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 13, 2016 with the SEC. The investment management company has sold out 6,294 shares of California Resources Corp which is valued at $9,567.

Other Hedge Funds, Including , Maple Capital Management sold out all of its stake in CRC during the most recent quarter. The investment firm sold 2,630 shares of CRC which is valued $3,998. Bb&t Securities sold out all of its stake in CRC during the most recent quarter. The investment firm sold 39,244 shares of CRC which is valued $59,651.Boston Partners reduced its stake in CRC by selling 43,124 shares or 3.22% in the most recent quarter. The Hedge Fund company now holds 1,297,560 shares of CRC which is valued at $2 Million. Roble Belko Company Inc added CRC to its portfolio by purchasing 3 company shares during the most recent quarter which is valued at $5.Seven Bridges Advisors boosted its stake in CRC in the latest quarter, The investment management firm added 273,889 additional shares and now holds a total of 325,085 shares of California Resources Corp which is valued at $562,397. California Resources Corp makes up approx 0.45% of Seven Bridges Advisors’s portfolio.

California Resources Corp opened for trading at $1.63 and hit $1.82 on the upside on Wednesday, eventually ending the session at $1.81, with a gain of 16.03% or 0.25 points. The heightened volatility saw the trading volume jump to 1,39,17,977 shares. Company has a market cap of $704 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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