2 weeks Ago By Defense World Staff
Bokf Na lifted its holdings in RPC, Inc. ( NYSE:RES – Free Report ) by 130.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 73,232 shares of the oil and gas company’s stock after purchasing an additional 41,443 shares during the quarter. Bokf Na’s holdings in RPC were worth $458,000 as of its most recent SEC filing. Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RES.
Dimensional Fund Advisors LP boosted its holdings in RPC by 7.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,684,052 shares of the oil and gas company’s stock worth $63,221,000 after acquiring an additional 579,638 shares in the last quarter.
Van ECK Associates Corp raised its position in shares of RPC by 0.7% in the 1st quarter. Van ECK Associates Corp now owns 2,998,405 shares of the oil and gas company’s stock valued at $23,207,000 after purchasing an additional 19,702 shares during the last quarter.
American Century Companies Inc. grew its position in RPC by 24.1% during the 2nd quarter.
American Century Companies Inc. now owns 2,236,307 shares of the oil and gas company’s stock worth $13,977,000 after purchasing an additional 434,849 shares during the last quarter. Victory Capital Management Inc.
grew its position in RPC by 48.7% during the 2nd quarter. Victory Capital Management Inc.
now owns 2,004,789 shares of the oil and gas company’s stock worth $12,530,000 after purchasing an additional 656,446 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in RPC by 12.
3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,401,619 shares of the oil and gas company’s stock worth $10,204,000 after purchasing an additional 153,518 shares during the last quarter.
41.06% of the stock is currently owned by hedge funds and other institutional investors. RPC Stock Up 4.
7 % RPC stock opened at $6.05 on Tuesday. The business’s 50-day moving average price is $6.
30 and its 200 day moving average price is $6.79. The firm has a market cap of $1.
30 billion, a price-to-earnings ratio of 8.64 and a beta of 1.56.
RPC, Inc. has a 52 week low of $5.66 and a 52 week high of $9.
41. RPC Announces Dividend The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were issued a dividend of $0.
04 per share. The ex-dividend date was Friday, August 9th. This represents a $0.
16 dividend on an annualized basis and a dividend yield of 2.64%. RPC’s payout ratio is currently 22.
86%. Analyst Upgrades and Downgrades A number of brokerages have recently weighed in on RES. Susquehanna dropped their price objective on shares of RPC from $7.
00 to $6.50 and set a “neutral” rating on the stock in a report on Thursday, July 11th. Stifel Nicolaus lowered their price target on RPC from $8.
00 to $7.00 and set a “hold” rating for the company in a research report on Tuesday, July 16th. Finally, Citigroup dropped their price target on RPC from $6.
75 to $5.25 and set a “sell” rating on the stock in a research note on Wednesday, July 10th. Read Our Latest Research Report on RPC RPC Company Profile ( Free Report ) RPC, Inc, through its subsidiaries, engages provision of a range of oilfield services and equipment for the oil and gas companies involved in the exploration, production, and development of oil and gas properties.
The company operates through Technical Services and Support Services segments. The Technical Services segment offers pressure pumping, fracturing, acidizing, cementing, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, pump down, and fishing services that are used in the completion, production, and maintenance of oil and gas wells. Featured Stories Five stocks we like better than RPC How to Use the MarketBeat Excel Dividend Calculator Palo Alto Analysts Drive it to New Highs: 50% Upside Is Possible Asset Allocation: The Key to a Successful Portfolio.
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