Oldfield Partners Llp Has Cut Citigroup (C) Holding; California Resources (CRC) Had 5 Bullish Analysts

May 22, 2018 - By Hilary Hom

Citigroup Inc. (NYSE:C) Logo

Oldfield Partners Llp decreased Citigroup Inc (C) stake by 2.3% reported in 2017Q4 SEC filing. Oldfield Partners Llp sold 70,050 shares as Citigroup Inc (C)’s stock declined 9.55%. The Oldfield Partners Llp holds 2.97M shares with $221.16 million value, down from 3.04M last quarter. Citigroup Inc now has $179.59 billion valuation. The stock increased 0.67% or $0.47 during the last trading session, reaching $70.43. About 9.80M shares traded. Citigroup Inc. (NYSE:C) has risen 17.06% since May 22, 2017 and is uptrending. It has outperformed by 5.51% the S&P500.

Among 8 analysts covering California Resources Corporation (NYSE:CRC), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. California Resources Corporation had 29 analyst reports since August 24, 2015 according to SRatingsIntel. As per Wednesday, October 18, the company rating was maintained by Morgan Stanley. The rating was downgraded by Bank of America to “Underperform” on Friday, June 30. Imperial Capital upgraded California Resources Corporation (NYSE:CRC) on Monday, February 12 to “Buy” rating. Societe Generale upgraded California Resources Corporation (NYSE:CRC) on Tuesday, November 7 to “Buy” rating. The rating was downgraded by Bank of America to “Neutral” on Tuesday, February 23. Imperial Capital maintained California Resources Corporation (NYSE:CRC) rating on Wednesday, November 8. Imperial Capital has “In-Line” rating and $18 target. On Tuesday, November 7 the stock rating was upgraded by Morgan Stanley to “Overweight”. Imperial Capital maintained California Resources Corporation (NYSE:CRC) rating on Monday, May 7. Imperial Capital has “Buy” rating and $3500 target. Susquehanna maintained California Resources Corporation (NYSE:CRC) rating on Monday, March 5. Susquehanna has “Hold” rating and $16.0 target. Societe Generale downgraded California Resources Corporation (NYSE:CRC) on Thursday, January 4 to “Hold” rating. See California Resources Corporation (NYSE:CRC) latest ratings:

17/05/2018 Broker: Imperial Capital Old Rating: Outperform New Rating: Outperform Old Target: $35 New Target: $41 Maintain
07/05/2018 Broker: Imperial Capital Rating: Buy New Target: $35.0000 Maintain
04/05/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $35 New Target: $38 Maintain
27/04/2018 Broker: Societe Generale Old Rating: Buy New Rating: Hold Downgrade
19/04/2018 Broker: Susquehanna Rating: Hold New Target: $24.0000 Maintain
05/03/2018 Broker: Susquehanna Rating: Hold New Target: $16.0 Maintain
12/02/2018 Broker: Imperial Capital Rating: Buy New Target: $26.0 Upgrade
01/02/2018 Broker: Goldman Sachs Rating: Hold New Target: $27.5 Upgrade
17/01/2018 Broker: Susquehanna Rating: Hold New Target: $20.0 Maintain
16/01/2018 Broker: Bank of America Rating: Buy New Target: $34.0 Upgrade

California Resources Corporation operates as an oil and natural gas exploration and production firm in the State of California. The company has market cap of $1.72 billion. It produces and markets crude oil, natural gas, and natural gas liquids. It currently has negative earnings. The firm holds interests in approximately 2.3 million net acres of mineral acreage.

Investors sentiment increased to 0.5 in 2017 Q4. Its up 0.17, from 0.33 in 2017Q3. It is positive, as 2 investors sold California Resources Corporation shares while 0 reduced holdings. 0 funds opened positions while 1 raised stakes. 197,048 shares or 0.05% less from 197,142 shares in 2017Q3 were reported. Messner And Smith Theme Value Management Ltd Ca accumulated 2 shares. Vantage Investment Advsrs Ltd Liability Corp has 7 shares. Cypress Capital Mgmt (Wy) holds 4 shares or 0% of its portfolio. holds 2 shares. Adams Asset Advsr Ltd Liability accumulated 197,006 shares or 0.47% of the stock. Gemmer Asset Limited Liability Corp has 27 shares for 0% of their portfolio.

The stock increased 5.79% or $2.08 during the last trading session, reaching $38.01. About 2.36M shares traded or 10.73% up from the average. California Resources Corporation (NYSE:CRC) has risen 26.38% since May 22, 2017 and is uptrending. It has outperformed by 14.83% the S&P500.

Among 41 analysts covering Citigroup Inc. (NYSE:C), 24 have Buy rating, 2 Sell and 15 Hold. Therefore 59% are positive. Citigroup Inc. had 126 analyst reports since July 21, 2015 according to SRatingsIntel. As per Friday, October 16, the company rating was maintained by UBS. The stock of Citigroup Inc. (NYSE:C) has “Buy” rating given on Thursday, July 20 by Oppenheimer. The stock of Citigroup Inc. (NYSE:C) has “Hold” rating given on Tuesday, August 25 by Zacks. The stock of Citigroup Inc. (NYSE:C) earned “Hold” rating by Deutsche Bank on Tuesday, January 26. The company was downgraded on Friday, August 14 by Zacks. The stock of Citigroup Inc. (NYSE:C) has “Market Perform” rating given on Wednesday, January 17 by Wood. The rating was downgraded by Societe Generale to “Sell” on Monday, October 16. As per Monday, September 28, the company rating was upgraded by Credit Suisse. The company was upgraded on Friday, August 28 by Guggenheim. The rating was downgraded by Wells Fargo on Friday, July 8 to “Market Perform”.

More notable recent Citigroup Inc. (NYSE:C) news were published by: Livetradingnews.com which released: “Citigroup Inc. (NYSE:C) Heffx Trading Review” on May 21, 2018, also Seekingalpha.com with their article: “Why ValueAct Pounced On Citigroup” published on May 14, 2018, Livetradingnews.com published: “Citigroup Inc. (NYSE:C) Heffx Technical Analysis” on May 17, 2018. More interesting news about Citigroup Inc. (NYSE:C) were released by: Streetinsider.com and their article: “Citigroup (C), Sears Holdings (SHLD) Extend Credit Card Agreement in $425M Deal” published on May 21, 2018 as well as Seekingalpha.com‘s news article titled: “Citigroup: Buy Now” with publication date: May 01, 2018.

Since February 27, 2018, it had 0 buys, and 6 sales for $4.97 million activity. Hu W. Bradford sold $611,804 worth of stock or 8,010 shares. On Wednesday, February 28 the insider Callahan Don sold $536,410. Another trade for 3,400 shares valued at $263,126 was sold by MURRAY JOSEPH MICHAEL. 32,400 Citigroup Inc. (NYSE:C) shares with value of $2.51 million were sold by Fraser Jane Nind. Another trade for 6,466 shares valued at $500,666 was sold by Forese James A.. Gerspach John C had sold 7,000 shares worth $542,920 on Tuesday, February 27.

Investors sentiment decreased to 1.07 in 2017 Q4. Its down 0.28, from 1.35 in 2017Q3. It is negative, as 58 investors sold C shares while 480 reduced holdings. 123 funds opened positions while 450 raised stakes. 1.99 billion shares or 2.45% less from 2.04 billion shares in 2017Q3 were reported. Kings Point has invested 0.01% in Citigroup Inc. (NYSE:C). Nuveen Asset Mgmt Lc accumulated 912,050 shares. Ferguson Wellman Mgmt Inc stated it has 421,320 shares or 1.08% of all its holdings. Boyar Asset Management Incorporated reported 32,147 shares or 1.7% of all its holdings. 91,618 were accumulated by Meiji Yasuda Life Insur. Nbt Fincl Bank N A has invested 0.21% of its portfolio in Citigroup Inc. (NYSE:C). Clear Harbor Asset Limited Liability Company reported 32,742 shares or 0.46% of all its holdings. Maltese Capital Mngmt Ltd Co reported 1.2% stake. Rwc Asset Llp reported 1.07% in Citigroup Inc. (NYSE:C). 106,757 are held by Convergence Inv Ptnrs Ltd Liability. Markston Interest Limited Com invested 0.91% of its portfolio in Citigroup Inc. (NYSE:C). Bridgeway Cap Mngmt accumulated 0.97% or 1.21M shares. Colony Group Lc accumulated 181,101 shares. Perritt Mgmt holds 7,962 shares. Aspen Inv Mgmt accumulated 11,513 shares or 0.61% of the stock.

Oldfield Partners Llp increased Ternium Sa (NYSE:TX) stake by 276,650 shares to 1.93M valued at $61.05 million in 2017Q4. It also upped Telekom. Indonesia Pers. (NYSE:TLK) stake by 88,600 shares and now owns 1.30 million shares. Petroleo Brasileiro Sa was raised too.

Analysts await Citigroup Inc. (NYSE:C) to report earnings on July, 13. They expect $1.57 earnings per share, up 23.62% or $0.30 from last year’s $1.27 per share. C’s profit will be $4.00 billion for 11.21 P/E if the $1.57 EPS becomes a reality. After $1.68 actual earnings per share reported by Citigroup Inc. for the previous quarter, Wall Street now forecasts -6.55% negative EPS growth.

Citigroup Inc. (NYSE:C) Institutional Positions Chart

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