According to the company’s latest Form 13F filed with the SEC, Allianz Asset Management GmbH acquired new shares in RPC, Inc. (NYSE: RES – Get Rating) in the third quarter. Institutional investors bought 212,154 shares of oil and gas companies for about $1,470,000. According to a recent SEC filing, Allianz Asset Management GmbH owns approximately 0.10% of RPC.
Many other institutional investors and hedge funds have also been buying and selling shares of the company recently. BlackRock increased its RPC positions by 2.6% in the first quarter. Black Rock Inc. now owns 11,572,911 shares of the oil and gas company worth $123,482,000 after purchasing an additional 294,681 shares last quarter. Vanguard Group Inc. increased its position in RPC by 3.1 percent in the first quarter. Vanguard Group Inc. now owns 8,399,125 shares of oil and gas company worth $89,619,000 after purchasing an additional 255,284 shares in the previous quarter. Dimensional Fund Advisors LP increased its RPC position by 10.0% in the first quarter. Dimensional Fund Advisors LP now owns 4,933,835 shares of the oil and gas company worth $52,645,000 after purchasing an additional 449,010 shares last quarter. State Street Corp increased its RPC position by 21.4% in the second quarter. After acquiring an additional 708,058 shares last quarter, State Street Corp now owns 4,014,594 shares of the oil and gas company worth $27,741,000. Finally, Millennium Management LLC increased its positions in the Russian Orthodox Church by 219.4% in the second quarter. Millennium Management LLC now owns 3,203,185 shares of the oil and gas company worth $22,134,000 after acquiring an additional 2,200,276 shares last quarter. Institutional investors and hedge funds own 27.15% of the company’s shares.
Separately, StockNews.com upgraded RPC stock from Hold to Buy in a research note on Wednesday, Jan. 18.
NYSE: RES opened Friday at $9.30. RPC, Inc. there was a 52-week low of $5.70 and a 52-week high of $12.91. The company’s 50-day moving average is $9.08 and the 200-day moving average is $8.63. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 9.21, and a beta of 1.78.
RPC (NYSE: RES – Get Rating) last reported earnings on Wednesday, January 25th. The oil and gas company reported earnings per share of $0.41 for the quarter, beating the consensus estimate of $0.29 by $0.12. The company’s revenue for the quarter was $482.0 million, beating analysts’ expectations of $462.37 million. RPC’s return on equity was 29.45% and net profit margin was 13.63%. Revenue from this business grew by 79.6% compared to last year. During the same period last year, the business earned $0.06 per share. On average, equity analysts expect RPC, Inc. will report earnings per share of 1.71 for the year.
The company also recently announced a quarterly dividend due on Friday, March 10th. Shareholders registered on Friday, February 10 will receive a dividend of $0.04 per share. This is an increase in the previous quarterly RPC dividend of $0.02. This represents an annual dividend of $0.16 and a dividend yield of 1.72%. The ex-dividend date for this dividend is Thursday, February 9th. The RPC dividend payout ratio is 15.84%.
RPC, Inc is engaged in the exploration, production and development of oil and natural gas fields. It operates through the following segments: Technical Services and Support Services. The Technical Services segment provides services for oil and gas production, hydraulic fracturing, acidizing, coiled tubing, damping, nitrogen, well control, wireline and fishing.
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Post time: Feb-19-2023