Nj State Employees Deferred Compensation Plan Exits Position in California Resources Corp (CRC)

California Resources Corp (CRC) : Nj State Employees Deferred Compensation Plan 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 Aug 3, 2016 with the SEC. The investment management company has sold out 1,234 shares of California Resources Corp which is valued at $12,204.

Other Hedge Funds, Including , Regis Management Co sold out all of its stake in CRC during the most recent quarter. The investment firm sold 2,222 shares of CRC which is valued $21,976.Evercore Wealth Management reduced its stake in CRC by selling 35 shares or 53.85% in the most recent quarter. The Hedge Fund company now holds 30 shares of CRC which is valued at $297. Huntington National Bank sold out all of its stake in CRC during the most recent quarter. The investment firm sold 2,349 shares of CRC which is valued $23,772.Gemmer Asset Management reduced its stake in CRC by selling 2 shares or 4.26% in the most recent quarter. The Hedge Fund company now holds 45 shares of CRC which is valued at $519. Cutler Group Lp 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 $38,345.

California Resources Corp opened for trading at $9.74 and hit $12.49 on the upside on Monday, eventually ending the session at $12.01, with a gain of 27.49% or 2.59 points. The heightened volatility saw the trading volume jump to 1,22,15,558 shares. Company has a market cap of $494 M.

On the company’s financial health, California Resources Corp reported $-1.80 EPS for the quarter, missing the analyst consensus estimate by $ -0.29 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $-1.51. The company had revenue of $317.00 million for the quarter, compared to analysts expectations of $437.70 million. The company’s revenue was down -50.4 % compared to the same quarter last year.

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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