Sourcerock Increases Stake in California Resources Corporation to 3.18 Million Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 29 2025
0mins
Should l Buy CRC?
Source: Fool
- Increased Stake: Sourcerock Group raised its stake in California Resources Corporation by 1.18 million shares in Q3, bringing total holdings to 3.18 million shares, with a value increase to $169.14 million, indicating strong confidence in the company.
- Asset Allocation: Following the increase, California Resources now represents 11.5% of Sourcerock's 13F assets, highlighting its significance in the investment portfolio and potentially influencing future investment decisions.
- Cash Flow Performance: In Q3, California Resources generated $279 million in operating cash flow and $188 million in free cash flow, demonstrating financial resilience amid oil price fluctuations, which supports dividend and buyback initiatives.
- Dividend Growth: The company's management raised the quarterly dividend by 5% to $0.405 per share while retiring its 2026 notes, enhancing liquidity and showcasing robust financial management capabilities.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy CRC?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on CRC
Wall Street analysts forecast CRC stock price to fall
9 Analyst Rating
9 Buy
0 Hold
0 Sell
Strong Buy
Current: 68.890
Low
56.00
Averages
64.33
High
72.00
Current: 68.890
Low
56.00
Averages
64.33
High
72.00
About CRC
California Resources Corporation is an independent energy and carbon management company committed to energy transition. The Company’s segments include Oil and Natural Gas and Carbon Management. Its Carbon Management business, Carbon TerraVault, focuses on building, installing, operating, and maintaining carbon dioxide equipment, transportation assets and storage facilities. The Oil and Natural Gas segment explores for, develops and produces crude oil, oil condensate, natural gas liquids and natural gas. It has operations in oil and gas basins, including San Joaquin Basin, Los Angeles Basin, Sacramento Basin, and other. It has interests in oil and gas fields throughout the San Joaquin basin, including in Elk Hills, Buena Vista, Coles Levee, North Belridge and South Belridge, Kern Front, Lost Hills, Cymric, McKittrick, Midway Sunset and Coalinga. The Los Angeles Basin is a northwest-trending plain about 50 miles long and 20 miles wide. The Company is also focused on Uinta basin.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
NASDAQ 100 Pre-Market Indicator Rises Significantly
- Market Indicator Surge: The NASDAQ 100 Pre-Market Indicator rises by 190.77 points to 23,323.54, indicating a positive shift in market sentiment that may attract more investors to tech stocks.
- Active Stock Performance: NIO Inc. (NIO) increases by 0.1799 to $5.49 with a trading volume of 1,285,942 shares, currently at 83.82% of its target price of $6.55, reflecting market confidence in its future growth.
- Nokia Price Recovery: Nokia Corporation (NOK) rises by 0.11 to $8.09 with 627,214 shares traded, currently exceeding its target price of $7.73 by 104.66%, indicating optimism about its business outlook.
- IonQ Buy Recommendation: IonQ, Inc. (IONQ) climbs by 0.52 to $28.03 with a trading volume of 526,164 shares, as Zacks reports its average recommendation is in the 'buy range', showcasing investor recognition of its technology.
See More
Investment Opportunities in Small-Cap and Dividend Stocks Amid Market Volatility
- Small-Cap Resilience: Despite the S&P 500's approximately 4% decline year-to-date, the small-cap focused Russell 2000 index shows slight positive movement in 2026, indicating resilience in small-cap stocks that may attract investors seeking stable income during market volatility.
- Mid-Cap Outperformance: The mid-cap S&P 400 index has gained nearly 3% year-to-date, appealing to investors due to its relative stability and lower valuations, suggesting that mid-cap stocks may represent a safer investment choice in the current market environment.
- Defensive Dividend Stocks: Dividend-paying stocks have outperformed the broader market this year as they provide reliable income to smooth out market fluctuations, and combining investments in small- and mid-cap stocks could yield success for investors focusing on quality names.
- Energy Sector Potential: Among the screened stocks, three are in the energy sector and benefit from rising oil prices, with analysts projecting at least 10% upside to their average 12-month price targets, highlighting the increased attractiveness of energy stocks amid geopolitical risks.
See More
NASDAQ 100 Pre-Market Update Highlights Active Stocks
- Pre-Market Indicator Rise: The NASDAQ 100 Pre-Market Indicator increased by 108.49 points to 24,642.07, indicating a positive market sentiment that could set the tone for today's trading.
- Active Stock Performance: Haleon plc (HLN) is trading at $10.06, which is 75.07% of its target price of $13.4, reflecting cautious market sentiment regarding its future performance.
- Nokia Price Recovery: Nokia Corporation (NOK) rose by $0.15 to $8.29, currently exceeding its target price of $7.73 by 107.24%, indicating optimistic market expectations for its prospects.
- Circle Internet Group's Positive Outlook: Circle Internet Group, Inc. (CRCL) increased by $3.89 to $118.07, currently surpassing its target price of $98 by 120.48%, with upward revisions in its EPS forecast for fiscal Q3 2026, suggesting improved earnings expectations.
See More
California Resources (CRC.US) 10% Stakeholder Plans to Sell $213.85 Million in Common Stock via Form 144
Stock Sale Announcement: California Resources Corporation (CRC) plans to sell 3.5 million shares of its common stock on March 12.
Market Value: The total market value of the shares being sold is approximately $213.85 million.
See More
XOP ETF 52-Week Price Range Analysis
- Price Range Analysis: The XOP ETF has a 52-week low of $99.01 and a high of $167.66, with the latest trade at $167.32, indicating stability near its peak, which may attract investor interest in its price movements.
- Technical Analysis Tool: Comparing the recent share price to the 200-day moving average can provide valuable insights for investors, helping them assess market trends and potential buy or sell opportunities.
- ETF Unit Trading Mechanism: ETFs trade similarly to stocks, where investors are buying and selling 'units' that can be created or destroyed based on investor demand, impacting the ETF's liquidity and market performance.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding for ETFs allows for tracking those experiencing notable inflows (new units created) or outflows (old units destroyed), as these liquidity shifts can affect the performance of individual stocks held within the ETFs.
See More
California Resources Upsizes Private Offering to $350 Million in Senior Unsecured Notes
- Upsized Offering: California Resources Corporation announced an increase in its previously planned $250 million senior unsecured notes offering to $350 million, with a coupon rate of 7.000% priced at 100.500% of par, indicating strong market demand for its financing needs.
- Interest Payment Structure: The newly issued notes will commence semi-annual interest payments starting July 15, 2026, providing the company with a stable cash flow to support future operations and investments.
- Clear Use of Proceeds: The company intends to use the proceeds from this offering, along with cash or borrowings from its revolving credit facility, to redeem $350 million of 8.250% senior notes due 2029, aiming to reduce financing costs and optimize its capital structure.
- Regulatory Compliance: The notes will be offered to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S, ensuring broad access to capital while maintaining compliance, thereby enhancing the company's market credibility.
See More
NASDAQ 100 Pre-Market Indicator Rises Significantly
- Market Indicator Surge: The NASDAQ 100 Pre-Market Indicator rises by 190.77 points to 23,323.54, indicating a positive shift in market sentiment that may attract more investors to tech stocks.
- Active Stock Performance: NIO Inc. (NIO) increases by 0.1799 to $5.49 with a trading volume of 1,285,942 shares, currently at 83.82% of its target price of $6.55, reflecting market confidence in its future growth.
- Nokia Price Recovery: Nokia Corporation (NOK) rises by 0.11 to $8.09 with 627,214 shares traded, currently exceeding its target price of $7.73 by 104.66%, indicating optimism about its business outlook.
- IonQ Buy Recommendation: IonQ, Inc. (IONQ) climbs by 0.52 to $28.03 with a trading volume of 526,164 shares, as Zacks reports its average recommendation is in the 'buy range', showcasing investor recognition of its technology.
See More
Investment Opportunities in Small-Cap and Dividend Stocks Amid Market Volatility
- Small-Cap Resilience: Despite the S&P 500's approximately 4% decline year-to-date, the small-cap focused Russell 2000 index shows slight positive movement in 2026, indicating resilience in small-cap stocks that may attract investors seeking stable income during market volatility.
- Mid-Cap Outperformance: The mid-cap S&P 400 index has gained nearly 3% year-to-date, appealing to investors due to its relative stability and lower valuations, suggesting that mid-cap stocks may represent a safer investment choice in the current market environment.
- Defensive Dividend Stocks: Dividend-paying stocks have outperformed the broader market this year as they provide reliable income to smooth out market fluctuations, and combining investments in small- and mid-cap stocks could yield success for investors focusing on quality names.
- Energy Sector Potential: Among the screened stocks, three are in the energy sector and benefit from rising oil prices, with analysts projecting at least 10% upside to their average 12-month price targets, highlighting the increased attractiveness of energy stocks amid geopolitical risks.
See More
NASDAQ 100 Pre-Market Update Highlights Active Stocks
- Pre-Market Indicator Rise: The NASDAQ 100 Pre-Market Indicator increased by 108.49 points to 24,642.07, indicating a positive market sentiment that could set the tone for today's trading.
- Active Stock Performance: Haleon plc (HLN) is trading at $10.06, which is 75.07% of its target price of $13.4, reflecting cautious market sentiment regarding its future performance.
- Nokia Price Recovery: Nokia Corporation (NOK) rose by $0.15 to $8.29, currently exceeding its target price of $7.73 by 107.24%, indicating optimistic market expectations for its prospects.
- Circle Internet Group's Positive Outlook: Circle Internet Group, Inc. (CRCL) increased by $3.89 to $118.07, currently surpassing its target price of $98 by 120.48%, with upward revisions in its EPS forecast for fiscal Q3 2026, suggesting improved earnings expectations.
See More
California Resources (CRC.US) 10% Stakeholder Plans to Sell $213.85 Million in Common Stock via Form 144
Stock Sale Announcement: California Resources Corporation (CRC) plans to sell 3.5 million shares of its common stock on March 12.
Market Value: The total market value of the shares being sold is approximately $213.85 million.
See More
XOP ETF 52-Week Price Range Analysis
- Price Range Analysis: The XOP ETF has a 52-week low of $99.01 and a high of $167.66, with the latest trade at $167.32, indicating stability near its peak, which may attract investor interest in its price movements.
- Technical Analysis Tool: Comparing the recent share price to the 200-day moving average can provide valuable insights for investors, helping them assess market trends and potential buy or sell opportunities.
- ETF Unit Trading Mechanism: ETFs trade similarly to stocks, where investors are buying and selling 'units' that can be created or destroyed based on investor demand, impacting the ETF's liquidity and market performance.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding for ETFs allows for tracking those experiencing notable inflows (new units created) or outflows (old units destroyed), as these liquidity shifts can affect the performance of individual stocks held within the ETFs.
See More
California Resources Upsizes Private Offering to $350 Million in Senior Unsecured Notes
- Upsized Offering: California Resources Corporation announced an increase in its previously planned $250 million senior unsecured notes offering to $350 million, with a coupon rate of 7.000% priced at 100.500% of par, indicating strong market demand for its financing needs.
- Interest Payment Structure: The newly issued notes will commence semi-annual interest payments starting July 15, 2026, providing the company with a stable cash flow to support future operations and investments.
- Clear Use of Proceeds: The company intends to use the proceeds from this offering, along with cash or borrowings from its revolving credit facility, to redeem $350 million of 8.250% senior notes due 2029, aiming to reduce financing costs and optimize its capital structure.
- Regulatory Compliance: The notes will be offered to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S, ensuring broad access to capital while maintaining compliance, thereby enhancing the company's market credibility.
See More
