Canada Pension Plan Investment Board Reduces $184M in California Resources Corporation ($CRC)
Key Points
- Canada Pension Plan Investment Board changed its California Resources Corporation ($CRC) stake by 33.31% last quarter, cutting to 7,006,895 shares worth $368.56 million.
- Wall Street's consensus rating on $CRC is Strong Buy and an average price target of $76.73.
- $CRC last traded around $52.60.
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Canada Pension Plan Investment Board reduced its position in California Resources Corporation ($CRC) by 33.31% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,006,895 shares of California Resources Corporation after selling 3,500,000 shares during the quarter. Canada Pension Plan Investment Board's holdings in California Resources Corporation were worth $368.56 million as of its most recent filing.
California Resources Corporation Stock Up 0.7%
Shares of California Resources Corporation ($CRC) traded around $52.60 on Saturday, up 0.7% for the day.
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About California Resources Corporation
California Resources Corporation operates as an independent energy and carbon management company in the United States. The company operates in two segments, Oil and Natural Gas, and Carbon Management. It explores, develops, and produces crude oil, oil condensate, natural gas liquids and natural gas to california refineries, marketers, and other purchasers. The company also provides Carbon TerraVault which builds, installs, operates, and maintains CO2 capture equipment, transportation assets, and storage facilities. In addition, it owns and operates power generation facilities, as well as smaller gas-fired power plants used to generate power for oil and natural gas operations. The company was incorporated in 2014 and is based in Long Beach, California.
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