Canada Pension Plan Investment Board, described in filings as a roughly ten percent owner of California Resources Corp, sold 3,500,000 shares of the oil and gas producer on March 12, 2026, at $61.1 per share, according to a Form 4 submitted to the Securities and Exchange Commission. The transaction generated $213.85 million in proceeds.
After the March 12 sale, the pension investor directly holds 7,006,895 shares of California Resources. The trade occurred while CRC shares were trading close to the companys 52-week high of $66.35. Year-to-date the stock is up 42%, with shares quoted at $62.98 at the time the data was reported.
Market-value context from third-party analytics notes that California Resources displays a price-to-earnings ratio of 15.13 and a dividend yield of 2.6%, according to InvestingPro analysis. Those metrics are presented alongside a Pro Research Report that the platform offers for CRC and more than 1,400 other U.S. equities.
California Resources also disclosed its fourth-quarter 2025 financials, which delivered a mixed set of results. The company reported earnings per share of $0.47 for the quarter, below the consensus projection of $0.5842, representing a shortfall of 19.55%. Revenue surpassed expectations, with reported sales of $924 million against forecasts of $789.1 million, a 17.1% upside.
On the financing front, California Resources has priced $350 million in senior unsecured notes due 2034, an increase from an initially planned issuance of $250 million. The notes carry a 7.000% coupon and mature on January 15, 2034. In addition, the company plans to offer $250 million in senior unsecured notes that will be combined with the previously issued notes on the same terms.
Separately, the company announced an internal leadership change. Michael Helm has been named Vice President - Finance and Controller and will serve as the principal accounting officer following the retirement of Noelle Repetti. The company said Helm has previously occupied several key roles within the business.
Taken together, the insider sale, recent operating results and debt activity reflect a period of notable shareholder and corporate-level moves for California Resources. The Form 4 disposition, the quarterly performance figures, the increased senior unsecured note sizing and the accounting leadership transition were all disclosed in public filings and company announcements.