Headinvest Exits Position in California Resources Corp (CRC)

California Resources Corp (CRC) : Headinvest 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 Apr 21, 2016 with the SEC. The investment management company has sold out 3,356 shares of California Resources Corp which is valued at $7,652.

California Resources Corp opened for trading at $2.31 and hit $2.51 on the upside on Wednesday, eventually ending the session at $2.41, with a gain of 10.55% or 0.23 points. The heightened volatility saw the trading volume jump to 2,36,34,372 shares. Company has a market cap of $936 M.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in CRC during the most recent quarter. The investment firm sold 965,937 shares of CRC which is valued $2,202,336. Umb Bank N Amo sold out all of its stake in CRC during the most recent quarter. The investment firm sold 4,301 shares of CRC which is valued $9,806. New York State Teachers Retirement System sold out all of its stake in CRC during the most recent quarter. The investment firm sold 655,243 shares of CRC which is valued $1,493,954. Acadian Asset Management sold out all of its stake in CRC during the most recent quarter. The investment firm sold 93,891 shares of CRC which is valued $140,837.Donald L. Hagan boosted its stake in CRC in the latest quarter, The investment management firm added 832 additional shares and now holds a total of 2,246 shares of California Resources Corp which is valued at $3,369.

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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