On November 6, 2024, Francisco Leon, President and Chief Executive Officer of California Resources Corp (CRC, Financial), executed a sale of 12,500 shares of the company. The transaction was filed on the same day with the SEC. Following this sale, the insider now owns 153,857 shares of California Resources Corp.
California Resources Corp is an independent oil and natural gas exploration and production company, primarily operating within the state of California. It focuses on high-margin, long-lived conventional and unconventional assets.
Over the past year, Francisco Leon has sold a total of 20,000 shares and has not made any purchases of the company's stock. This recent transaction is part of a broader trend observed over the last year, where California Resources Corp has seen 2 insider buys and 6 insider sells.
On the day of the sale, shares of California Resources Corp were priced at $56.06, resulting in a market cap of approximately $5.19 billion. The company's price-earnings ratio stands at 8.91, which is below the industry median of 11.22.
According to the GF Value, the intrinsic value estimate for California Resources Corp is $49.30 per share, making the stock modestly overvalued with a price-to-GF-Value ratio of 1.14.
The insider trend for California Resources Corp suggests a cautious approach from insiders, with more selling than buying over the past year.
This insider activity and the current valuation metrics provide investors with data points to consider when evaluating their positions in California Resources Corp.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
