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CRC California Resources

alifornia Resources Corporation is the largest oil and natural gas exploration and production company in California. The Company operates exclusively within the State of California, applying complementary and integrated infrastructure to gather, process and market its production. Using advanced technology, the Company focuses on safely and responsibly supplying affordable energy for California by Californians.

CRC stock data

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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

13 May 21
15 May 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 130M 130M 130M 130M 130M
Cash burn (monthly) (positive/no burn) 29.67M 29.08M (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 44.35M 43.48M n/a n/a
Cash remaining n/a 85.65M 86.52M n/a n/a
Runway (months of cash) n/a 2.9 3.0 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
12 May 21 Andrew B. Bremner Common Stock Grant Aquire A No No 0 8,127 0 8,872
12 May 21 Jay A. Bys Common Stock Grant Aquire A No No 0 61,309 0 61,309
12 May 21 Jay A. Bys Performance Stock Units Common Stock Grant Aquire A No No 0 61,309 0 61,309
15 Apr 21 Cepak Tiffany Thom Common Stock Grant Aquire A No No 0 15,139 0 47,850

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

90.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 52 33 +57.6%
Opened positions 50 3 +1566.7%
Closed positions 31 131 -76.3%
Increased positions 0 2 EXIT
Reduced positions 1 5 -80.0%
13F shares
Current Prev Q Change
Total value 3.06B 4.6M +66573.4%
Total shares 75.6M 1.09M +6839.5%
Total puts 0 4.19M EXIT
Total calls 90.4K 92.9K -2.7%
Total put/call ratio 45.1
Largest owners
Shares Value Change
Goldentree Asset Management 19.79M $458.75M NEW
FMR 18.31M $431.99M NEW
ARES Ares Management 17.32M $408.69M NEW
JB Investors 6.73M $158.72M NEW
JPM JPMorgan Chase & Co. 2.7M $63.66M NEW
CarVal Investors 2.2M $51.93M NEW
BLK Blackrock 1.68M $39.53M NEW
Invesco Senior Secured Management 1.34M $31.67M NEW
Pictet Asset Management 994.57K $23.46M NEW
Orbis Allan Gray 831.97K $19.63M NEW
Largest transactions
Shares Bought/sold Change
Goldentree Asset Management 19.79M +19.79M NEW
FMR 18.31M +18.31M NEW
ARES Ares Management 17.32M +17.32M NEW
JB Investors 6.73M +6.73M NEW
JPM JPMorgan Chase & Co. 2.7M +2.7M NEW
CarVal Investors 2.2M +2.2M NEW
BLK Blackrock 1.68M +1.68M NEW
Invesco Senior Secured Management 1.34M +1.34M NEW
Pictet Asset Management 994.57K +994.57K NEW
Orbis Allan Gray 831.97K +831.97K NEW

Financial report summary

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Management Discussion
  • Oil, natural gas and NGL sales — Oil, natural gas and NGL sales, excluding the impact of settled hedges, were $432 million for the three months ended March 31, 2021, which is an increase of $2 million compared to $430 million for the same period of 2020. The increase was due to higher realized prices, which was partially offset by lower production, as reflected in the following table:
  • Note: See Production and Prices for index prices, realizations and production volumes for comparative periods.
  • The effect of settled hedges is not included in the table above. Payments for settled hedges were $39 million for the three months ended March 31, 2021 compared to proceeds of $98 million, including $63 million of proceeds from derivative contracts sold prior to maturity, for the same period of 2020. Including the effect of settled hedges, our oil, natural gas and NGL revenue decreased by $135 million or 26% compared to the same prior-year period.
Content analysis
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H.S. sophomore V good
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