Mizuho has maintained its Buy recommendation for California Resources Corporation (CRC), according to a report from Fintel. The average one-year price target for CRC is $64.26, suggesting a 12.22% upside from its current closing price of $57.26. The projected annual revenue for CRC is expected to decrease by 19.82%, and the projected annual non-GAAP EPS is 7.43. CRC also recently declared a regular quarterly dividend of $0.28 per share ($1.13 annualized), with a dividend yield of 1.97% based on the current share price. The company’s dividend growth rate over the past three years is -0.13%. The dividend payout ratio is 0.09, indicating that only a small portion of the company’s income is paid out as dividends. In terms of fund sentiment, there are 602 funds or institutions reporting positions in CRC, representing an increase of 10.05% in the last quarter. The put/call ratio of CRC is 0.39, indicating a bullish outlook. As for other shareholders, Gimbel Daniel Scott holds 6,248K shares (9.06% ownership), which represents a slight increase of 0.02% from the previous filing. IJR – iShares Core S&P Small-Cap ETF holds 4,936K shares (7.16% ownership). Kimmeridge Energy Management Company holds 3,499K shares (5.07% ownership), and Ares Management holds 2,699K shares (3.91% ownership). VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 2,179K shares (3.16% ownership), with a slight decrease of 4.35% from the previous filing. California Resources Corporation is the largest oil and natural gas exploration and production company in California. The company operates exclusively within the state, focusing on safely and responsibly supplying affordable energy for Californians. Fintel is a comprehensive investing research platform that provides a range of data and insights for individual investors, traders, and financial professionals. Their data includes fundamentals, analyst reports, ownership data, fund sentiment, options sentiment, insider trading, options flow, and more. Please note that the views and opinions expressed in this article are those of the author and do not necessarily reflect those of Nasdaq, Inc.
By James Taylor
James Taylor
A writer and finance enthusiast who loves diving into the exciting world of stocks, commodities, forex, and crypto. I'm all about making the financial markets less intimidating and more accessible, so I write engaging content that simplifies complex concepts and shares practical investment strategies. Whether you're a seasoned investor or just getting started, I've got your back! But hey, life isn't all about work, right? On weekends, you'll find me hanging out and having a blast with my awesome friends and family. We love bonding over shared interests, trying out new adventures, and simply enjoying each other's company. Striking that balance between work and play is super important to me, because what's the point of success if you can't share it with the people you love? So, if you're up for some financial market insights and a good dose of weekend fun, stick around! Together, we'll navigate the money world and make the most of our time off. Let's learn, grow, and create memories along the way!
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