2 weeks Ago By Defense World Staff
Dimensional Fund Advisors LP grew its holdings in shares of RPC, Inc. ( NYSE:RES – Free Report ) by 7.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The fund owned 10,456,497 shares of the oil and gas company’s stock after purchasing an additional 769,578 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.88% of RPC worth $65,353,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. CWM LLC increased its position in shares of RPC by 256.5% during the 2nd quarter.
CWM LLC now owns 5,112 shares of the oil and gas company’s stock valued at $32,000 after purchasing an additional 3,678 shares during the last quarter. Register Financial Advisors LLC purchased a new stake in shares of RPC during the 1st quarter valued at $39,000. Innealta Capital LLC purchased a new stake in shares of RPC during the 2nd quarter valued at $44,000.
ICA Group Wealth Management LLC purchased a new stake in shares of RPC during the 4th quarter valued at $47,000. Finally, TFO Wealth Partners LLC increased its position in shares of RPC by 304,100.0% during the 4th quarter.
TFO Wealth Partners LLC now owns 9,126 shares of the oil and gas company’s stock valued at $66,000 after purchasing an additional 9,123 shares during the last quarter. 41.06% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades RES has been the subject of several research reports. Citigroup cut their price target on RPC from $6.75 to $5.
25 and set a “sell” rating for the company in a research note on Wednesday, July 10th. Susquehanna cut their price target on RPC from $7.00 to $6.
50 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Finally, Stifel Nicolaus cut their price target on RPC from $8.00 to $7.
00 and set a “hold” rating for the company in a research note on Tuesday, July 16th. RPC Stock Up 1.5 % Shares of NYSE RES opened at $6.
29 on Friday. RPC, Inc. has a 52 week low of $5.
66 and a 52 week high of $9.41. The business has a 50-day simple moving average of $6.
37 and a two-hundred day simple moving average of $6.74. The company has a market cap of $1.
35 billion, a P/E ratio of 8.98 and a beta of 1.56.
RPC ( NYSE:RES – Get Free Report ) last issued its earnings results on Thursday, July 25th. The oil and gas company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.
13 by $0.02. RPC had a return on equity of 11.
52% and a net margin of 8.08%. The business had revenue of $364.
20 million during the quarter, compared to the consensus estimate of $381.18 million. During the same quarter last year, the company earned $0.
30 EPS. The firm’s revenue was down 12.4% compared to the same quarter last year.
Equities research analysts anticipate that RPC, Inc. will post 0.56 EPS for the current year.
RPC Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were paid a $0.04 dividend.
The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.16 annualized dividend and a yield of 2.
55%. RPC’s dividend payout ratio is currently 22.86%.
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.
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