1 week Ago By Defense World Staff
Prudential Financial Inc. decreased its position in RPC, Inc. (NYSE:RES – Free Report) by 54.
4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 86,195 shares of the oil and gas company’s stock after selling 102,800 shares during the period. Prudential Financial Inc.
’s holdings in RPC were worth $512,000 at the end of the most recent quarter. Several other hedge funds have also recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC increased its holdings in shares of RPC by 9.
2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 21,950 shares of the oil and gas company’s stock valued at $130,000 after purchasing an additional 1,850 shares during the last quarter. HighTower Advisors LLC boosted its position in RPC by 6.
1% during the 3rd quarter. HighTower Advisors LLC now owns 40,082 shares of the oil and gas company’s stock worth $252,000 after buying an additional 2,288 shares during the period. Inspire Investing LLC grew its position in shares of RPC by 3.
9% in the 4th quarter. Inspire Investing LLC now owns 66,994 shares of the oil and gas company’s stock valued at $398,000 after buying an additional 2,500 shares during the last quarter. Franklin Resources Inc.
grew its holdings in RPC by 8.5% during the 3rd quarter. Franklin Resources Inc.
now owns 46,272 shares of the oil and gas company’s stock worth $324,000 after acquiring an additional 3,633 shares during the period. Finally, HB Wealth Management LLC increased its stake in RPC by 12.9% in the fourth quarter.
HB Wealth Management LLC now owns 32,280 shares of the oil and gas company’s stock valued at $192,000 after purchasing an additional 3,697 shares in the last quarter. 41.06% of the stock is currently owned by institutional investors and hedge funds.
RPC Stock Up 14.0 %Shares of NYSE:RES opened at $4.90 on Thursday.
The stock has a market cap of $1.06 billion, a PE ratio of 11.40 and a beta of 1.
27. RPC, Inc. has a 52 week low of $4.
10 and a 52 week high of $8.19. The company’s fifty day moving average is $5.
53 and its 200 day moving average is $6.02. RPC (NYSE:RES – Get Free Report) last announced its earnings results on Thursday, January 30th.
The oil and gas company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06.
RPC had a net margin of 6.46% and a return on equity of 8.62%.
Sell-side analysts anticipate that RPC, Inc. will post 0.31 EPS for the current year.
RPC Announces DividendThe firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a $0.04 dividend.
This represents a $0.16 dividend on an annualized basis and a yield of 3.27%.
The ex-dividend date of this dividend was Monday, February 10th. RPC’s dividend payout ratio (DPR) is 37.21%.
Wall Street Analyst Weigh InSeparately, Citigroup raised RPC from a “sell” rating to a “neutral” rating and decreased their price objective for the stock from $5.50 to $4.75 in a report on Tuesday.
Check Out Our Latest Analysis on RPCRPC 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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