SG Americas Securities LLC Has $248,000 Holdings in RPC, Inc. (NYSE:RES)

SG Americas Securities LLC increased its holdings in RPC, Inc. (NYSE:RES) by 69.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,743 shares of the oil and gas company’s stock after buying an additional 17,143 shares during the period. SG Americas Securities LLC’s holdings in RPC were worth $248,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. International Assets Investment Management LLC raised its holdings in RPC by 540.4% in the 3rd quarter. International Assets Investment Management LLC now owns 4,560 shares of the oil and gas company’s stock valued at $29,000 after acquiring an additional 3,848 shares in the last quarter. GAMMA Investing LLC increased its position in shares of RPC by 437.4% in the fourth quarter. GAMMA Investing LLC now owns 10,087 shares of the oil and gas company’s stock worth $60,000 after purchasing an additional 8,210 shares during the period. Nisa Investment Advisors LLC raised its stake in RPC by 383.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 11,312 shares of the oil and gas company’s stock valued at $67,000 after purchasing an additional 8,971 shares in the last quarter. Paloma Partners Management Co bought a new stake in RPC during the third quarter worth about $69,000. Finally, Townsquare Capital LLC acquired a new stake in RPC during the third quarter worth about $73,000. 41.06% of the stock is currently owned by institutional investors.

RPC Stock Down 4.3 %

RPC stock opened at $5.96 on Friday. The stock has a market cap of $1.28 billion, a PE ratio of 13.85 and a beta of 1.58. RPC, Inc. has a 12-month low of $5.54 and a 12-month high of $8.19. The business’s 50-day moving average price is $6.24 and its two-hundred day moving average price is $6.30.

RPC (NYSE:RES) last announced its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. RPC had a net margin of 6.46% and a return on equity of 8.62%. As a group, analysts expect that RPC, Inc. will post 0.34 earnings per share for the current year.

RPC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a dividend of $0.04 per share. The ex-dividend date is Monday, February 10th. This represents a $0.16 annualized dividend and a dividend yield of 2.69%. RPC’s dividend payout ratio (DPR) is presently 37.21%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Susquehanna dropped their target price on shares of RPC from $6.50 to $6.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Stifel Nicolaus lowered their price objective on shares of RPC from $8.00 to $7.00 and set a “hold” rating for the company in a research report on Friday, October 11th.

About RPC

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.