What is Kore Advisors' new investment in California Resources Corporation?

Kore Advisors recently acquired 75,141 shares of California Resources Corporation, valued at approximately $4 million, during the third quarter.

How has California Resources Corporation performed recently?

California Resources Corporation shares have experienced a decline of 14.5% over the past year.

What does California Resources Corporation do?

California Resources Corporation is an independent energy company involved in the production and marketing of crude oil, natural gas, and electricity.

Home / Business and Economy / Kore Advisors Buys Stake in Energy Firm

Kore Advisors Buys Stake in Energy Firm

25 Dec, 2025

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Summary

Kore Advisors acquired 75,141 shares of California Resources Corporation.
The new position is valued at approximately $4 million.
California Resources Corporation shares are down 14.5% over the past year.

In the third quarter, Kore Advisors disclosed a significant new investment in California Resources Corporation (CRC), purchasing 75,141 shares valued at approximately $4 million. This strategic acquisition now represents 4.6% of the fund's total reportable U.S. equity assets, expanding its portfolio to 13 distinct positions.

California Resources Corporation, an independent energy company, focuses on oil and natural gas exploration and production within California. The company operates an integrated model, handling everything from exploration to sales, and serves regional energy needs with a focus on power generation and commodity sales.

Despite Kore Advisors' new position, CRC's stock performance has been challenging. As of the article's reporting date, shares were trading at $44.04, marking a 14.5% decrease over the preceding year, a period where the S&P 500 saw a 15% gain.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.