Omar Hayat Sells Shares of California Resources Corporation

Omar Hayat, the Executive Vice President and Chief Operating Officer of California Resources Corporation, sold 6,084 shares of the company on June 19, 2026. The shares were sold at an average price of $55.30 each, totaling about $336,445 in value. This transaction was not part of a pre-planned trading scheme.

Insider Buying and Selling at California Resources Corporation

In addition to Omar Hayat's recent sale, he also bought 7,312 shares earlier on the same day, June 19, 2026. This wasn't part of a planned trading schedule. Other recent insider activities include EVP and Chief Commercial Officer Jay Bys selling 11,907 shares on June 4, 2026, as part of a planned transaction.

Other Institutional Activity in California Resources Corporation

Several major institutional investors have recently adjusted their holdings in California Resources Corporation. BlackRock, Inc. increased its holdings by 32,663 shares, bringing its total to 12,372,185 shares valued at approximately $856.4 million. The Canada Pension Plan Investment Board reduced its stake significantly by 3,500,000 shares, now holding 7,006,895 shares worth about $485 million. Vanguard Portfolio Management LLC opened a new position with 5,247,255 shares valued at around $363.2 million. Meanwhile, SourceRock Group LLC added 270,787 shares, resulting in a total of 4,545,993 shares valued at $314.7 million.

California Resources Corporation Stock Up 1.3%

Shares of NYSE:CRC traded near $54.81 on Wednesday. California Resources Corporation has a market capitalization of approximately $4.87 billion and a forward P/E ratio of 12.3. The company's stock has ranged from a 52-week low of $43.25 to a high of $71.98, with moving averages of $62.15 for 50 days and $55.04 for 200 days. Its current ratio stands at 0.55, quick ratio at 0.43, and it has a debt-to-equity ratio of 47.22.

Recent Earnings

California Resources Corporation reported revenue of $3.46 billion, reflecting a growth of 6.7% in its most recent period. Despite this, the company has a negative net margin of -13.37% and a return on equity of -14.39%. The next earnings release is scheduled for August 4, 2026.

Dividend

The company pays an annual dividend of $1.62 per share, which translates to a yield of 2.93%. Its payout ratio is 37.77%, with the ex-dividend date yet to be announced.

Analysts Set New Price Targets

Several analysts have set new price targets for California Resources Corporation. On May 27, 2026, Mizuho maintained a buy rating with a target price of $87. Barclays also kept a buy rating on May 26, 2026, with an $80 target. Citigroup upgraded the stock to a buy with a $78 target on May 20, 2026. The consensus among 11 analysts is a strong buy, with a mean target price of $82.45.

About California Resources Corporation

California Resources Corporation is an independent energy company based in Long Beach, California. It operates in the oil and gas exploration and production industry and focuses on developing and producing crude oil, natural gas, and natural gas liquids. The company also engages in carbon management through its Carbon TerraVault initiative, which involves CO2 capture and storage solutions. Founded in 2014, California Resources is led by CEO Francisco J. Leon and employs about 2,500 people.

Bottom Line

Omar Hayat's recent stock sale is part of the ongoing insider activity at California Resources Corporation. Investors keep a close eye on such transactions as they can provide insights into company leadership's perspectives on stock value. It's important to remember that insider trades are reported after the fact and may not reflect current intentions. Meanwhile, institutional investors and analysts continue to show interest in the company's potential, as evidenced by recent fund activities and analyst ratings.