California Resources (CRC) EVP & COO Omar Hayat Buys 7,312 Shares

Omar Hayat, the Executive Vice President and Chief Operating Officer of California Resources Corporation (NYSE: CRC), recently bought 7,312 shares of the company on June 19, 2026. The stock was trading at $54.81 on Wednesday, reflecting Hayat's growing commitment to the company.

Insider Buying and Selling at California Resources Corporation

Omar Hayat has been actively trading the company's stock. On June 19, he also sold 6,084 shares at an average price of $55.30. Earlier, on May 8, 2026, Hayat purchased 173 shares without a specified purchase price and sold 145 shares at $58.92. These transactions were not part of a pre-planned trading program.

Other Institutional Activity in California Resources

Institutional investors have also been adjusting their positions in California Resources. BlackRock, Inc. added 32,663 shares, bringing its total to 12,372,185 shares valued at about $856.4 million. Conversely, the Canada Pension Plan Investment Board reduced its holdings by 3,500,000 shares, now holding 7,006,895 shares worth approximately $485 million. Vanguard Portfolio Management LLC initiated a new position with 5,247,255 shares, valued at $363.2 million. SourceRock Group LLC increased its stake by 270,787 shares, ending with a total of 4,545,993 shares worth $314.7 million.

California Resources Corporation Stock Down 0.5%

On Wednesday, shares of California Resources Corporation traded at $54.81. The company's market capitalization stands at approximately $4.87 billion. It has a forward P/E ratio of 12.34 and a beta of 0.901, indicating moderate volatility compared to the market. The stock's 52-week range is between $43.25 and $71.98, with a 50-day moving average of $62.15 and a 200-day moving average of $55.04. The company's current and quick ratios are 0.547 and 0.427, respectively, with a debt-to-equity ratio of 47.224.

Recent Earnings

California Resources reported revenue of $3.46 billion, showing a growth of 6.7%. However, the company posted a net margin of -13.37% and a return on equity of -14.39%, indicating financial challenges. The next earnings report is scheduled for August 4, 2026.

Dividend

The company pays an annual dividend rate of $1.62, yielding 2.93%. The dividend payout ratio is 37.77%, which reflects the portion of earnings paid to shareholders as dividends.

Analysts Set New Price Targets

On May 27, 2026, Mizuho maintained its buy rating for California Resources with a price target of $87. Barclays also upheld its buy rating with an $80 target on May 26. Citigroup upgraded the stock to a buy with a $78 target on May 20. The consensus among 11 analysts is a strong buy, with an average target price of $82.45.

About California Resources Corporation

California Resources Corporation is an independent energy and carbon management company based in Long Beach, California. It operates in the oil and natural gas industry, focusing on exploring, developing, and producing resources for California refineries and other buyers. The company also manages carbon capture and storage through its Carbon TerraVault operations. Led by CEO Francisco J. Leon, CRC employs around 2,500 people.

Bottom Line

Omar Hayat's recent purchase of California Resources shares signals confidence in the company's future prospects. Investors and analysts alike are closely watching CRC, given its role in the energy sector and recent institutional activity. As always, these insider transactions and analyst ratings provide a backward-looking view and may not reflect current market conditions.