California Resources Corp (CRC) : Firefly Value Partners Lp reduced its stake in California Resources Corp by 40.55% during the most recent quarter end. The investment management company now holds a total of 40,000 shares of California Resources Corp which is valued at $515,600 after selling 27,284 shares in California Resources Corp , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.California Resources Corp makes up approximately 0.11% of Firefly Value Partners Lp’s portfolio.
Other Hedge Funds, Including , Brown Brothers Harriman Co reduced its stake in CRC by selling 478 shares or 51.23% in the most recent quarter. The Hedge Fund company now holds 455 shares of CRC which is valued at $5,688. Whittier Trust Co added CRC to its portfolio by purchasing 97 company shares during the most recent quarter which is valued at $1,233. Cypress Capital Management (wy) added CRC to its portfolio by purchasing 4 company shares during the most recent quarter which is valued at $44. Livingston Group Asset Management Co (operating As Southp… sold out all of its stake in CRC during the most recent quarter. The investment firm sold 268 shares of CRC which is valued $3,087. First Quadrant L Pca sold out all of its stake in CRC during the most recent quarter. The investment firm sold 3 shares of CRC which is valued $35.
California Resources Corp closed down -0.42 points or -2.76% at $14.77 with 22,20,713 shares getting traded on Monday. Post opening the session at $15.16, the shares hit an intraday low of $14.31 and an intraday high of $15.56 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, California Resources Corp reported $-1.75 EPS for the quarter, missing the analyst consensus estimate by $ -0.20 based on the information available during the earnings call on Nov 3, 2016. Analyst had a consensus of $-1.55.Analysts expectations of $ 431.60.
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 states four oil and gas basins. The Companys 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.