california resources corporation (nyse: crc) is a publicly traded oil and natural gas exploration and production company and the largest oil and natural gas producer in california on a gross-operated basis. we operate our world-class resource base exclusively within the state of california, and use integrated infrastructure to gather, process and market our production. using advanced technology, crc’s workforce of more than 5,000 employees and contractors focuses on safely and responsibly supplying affordable energy for california by californians. crc provides “energy for california by californians.” california homes, farms, businesses and communities need ample, affordable and reliable energy, and crc’s dedicated workforce of more than 5,000 california employees and contractors develop dependable local crude oil and natural gas reserves that help to reduce our state’s chronic dependence on imported energy. investing in california crc is also an economic engine for california. in
Company profile
Ticker
CRC, CRCQW
Exchange
Website
CEO
Todd Stevens
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
California Resources Elk Hills, LLC • California Resources Long Beach, Inc. • California Resources Petroleum Corporation • CRC Marketing, Inc. • EHP Midco Holding Company, LLC • EHP Topco Holding Company, LLC • Elk Hills Power, LLC ...
CRC stock data
Latest filings (excl ownership)
PREM14A
Preliminary proxy related to merger
23 Apr 24
8-K
Other Events
26 Mar 24
DEFA14A
Additional proxy soliciting materials
21 Mar 24
DEF 14A
Definitive proxy
21 Mar 24
DEFA14A
Additional proxy soliciting materials
19 Mar 24
8-K
Entry into a Material Definitive Agreement
11 Mar 24
8-K
Regulation FD Disclosure
8 Mar 24
10-K
2023 FY
Annual report
28 Feb 24
8-K
California Resources Reports Fourth Quarter and Full-Year 2023 Financial and Operating Results
27 Feb 24
8-K
Entry into a Material Definitive Agreement
14 Feb 24
Transcripts
CRC
Earnings call transcript
2023 Q4
28 Feb 24
CRC
Earnings call transcript
2023 Q3
2 Nov 23
CRC
Earnings call transcript
2023 Q2
1 Aug 23
CRC
Earnings call transcript
2023 Q2
1 Aug 23
CRC
Earnings call transcript
2023 Q1
2 May 23
CRC
Earnings call transcript
2022 Q4
24 Feb 23
CRC
Earnings call transcript
2022 Q3
5 Nov 22
CRC
Earnings call transcript
2022 Q2
7 Aug 22
CRC
Earnings call transcript
2022 Q1
9 May 22
CRC
Earnings call transcript
2021 Q4
24 Feb 22
Latest ownership filings
4
Mark Allen McFarland
26 Mar 24
4
Noelle M. Repetti
26 Feb 24
4
Omar Hayat
26 Feb 24
4
Jay A. Bys
26 Feb 24
4
Christopher D. Gould
26 Feb 24
4
Peralta Manuela Molina
26 Feb 24
4
Michael L. Preston
26 Feb 24
4
Francisco Leon
26 Feb 24
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
SC 13G/A
Solar Projects LLC
9 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 479.00 mm | 479.00 mm | 479.00 mm | 479.00 mm | 479.00 mm | 479.00 mm |
Cash burn (monthly) | (no burn) | (no burn) | 10.00 mm | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 69.11 mm | n/a | n/a | n/a |
Cash remaining | n/a | n/a | 409.89 mm | n/a | n/a | n/a |
Runway (months of cash) | n/a | n/a | 41.0 | n/a | n/a | n/a |
Institutional ownership, Q4 2023
85.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 188 |
Opened positions | 29 |
Closed positions | 103 |
Increased positions | 54 |
Reduced positions | 77 |
13F shares | Current |
---|---|
Total value | 2.40 tn |
Total shares | 58.81 mm |
Total puts | 0.00 |
Total calls | 531.80 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 7.76 mm | $424.11 bn |
JB Investors | 7.53 mm | $185.94 mm |
Gimbel Daniel Scott | 6.25 mm | $341.58 bn |
Solar Projects | 6.15 mm | $0.00 |
Kimmeridge Energy Management | 3.50 mm | $191.30 bn |
Dimensional Fund Advisors | 3.30 mm | $180.44 bn |
STT State Street | 3.17 mm | $173.49 bn |
FMR | 3.10 mm | $169.78 bn |
Pacer Advisors | 1.97 mm | $107.47 bn |
American Century Companies | 1.11 mm | $60.65 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
22 Mar 24 | Mark Allen McFarland | Common Stock | Payment of exercise | Dispose F | No | No | 53.06 | 222,024 | 11.78 mm | 318,234 |
23 Feb 24 | Noelle M. Repetti | Common Stock | Payment of exercise | Dispose F | No | No | 54.02 | 1,700 | 91.83 k | 27,301 |
23 Feb 24 | Omar Hayat | Common Stock | Payment of exercise | Dispose F | No | No | 54.02 | 1,016 | 54.88 k | 51,322 |
23 Feb 24 | Jay A. Bys | Common Stock | Payment of exercise | Dispose F | No | No | 54.02 | 6,352 | 343.14 k | 113,886 |
23 Feb 24 | Christopher D. Gould | Common Stock | Payment of exercise | Dispose F | No | No | 54.02 | 6,579 | 355.40 k | 84,656 |
22 Feb 24 | Noelle M. Repetti | Common Stock | Grant | Acquire A | No | No | 0 | 3,794 | 0.00 | 29,001 |
22 Feb 24 | Omar Hayat | Common Stock | Grant | Acquire A | No | No | 0 | 15,936 | 0.00 | 52,338 |
22 Feb 24 | Jay A. Bys | Common Stock | Grant | Acquire A | No | No | 0 | 17,059 | 0.00 | 120,238 |
22 Feb 24 | Christopher D. Gould | Common Stock | Grant | Acquire A | No | No | 0 | 18,668 | 0.00 | 91,235 |
News
Stifel Maintains Buy on California Resources, Raises Price Target to $69
23 Apr 24
Cracking The Code: Understanding Analyst Reviews For California Resources
10 Apr 24
Barclays Initiates Coverage On California Resources with Equal-Weight Rating, Announces Price Target of $62
10 Apr 24
Jim Cramer Says Don't Sell This Beauty Brand, Believes KKR And Blackstone 'Can Make More Money'
26 Mar 24
Mizuho Maintains Buy on California Resources, Lowers Price Target to $63
22 Mar 24
Press releases
SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Announces An Investigation of California Resources Corporation - CRC
26 Apr 24
California Resources Corporation Schedules First Quarter 2024 Earnings Conference Call
8 Apr 24
California Resources Reports Fourth Quarter and Full-Year 2023 Financial and Operating Results
27 Feb 24
Carbon TerraVault Provides 2023 Update
27 Feb 24
SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates DOOR, CRC, GLT, ZFOX
10 Feb 24