Nisa Investment Advisors LLC Has $67,000 Holdings in RPC, Inc. (NYSE:RES)

Nisa Investment Advisors LLC increased its stake in shares of RPC, Inc. (NYSE:RES) by 383.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,312 shares of the oil and gas company’s stock after buying an additional 8,971 shares during the quarter. Nisa Investment Advisors LLC’s holdings in RPC were worth $67,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of RES. The Manufacturers Life Insurance Company raised its stake in RPC by 3.7% during the second quarter. The Manufacturers Life Insurance Company now owns 51,819 shares of the oil and gas company’s stock worth $324,000 after acquiring an additional 1,869 shares in the last quarter. HighTower Advisors LLC increased 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 purchasing an additional 2,288 shares in the last quarter. Franklin Resources Inc. lifted its stake in RPC by 8.5% in the 3rd quarter. Franklin Resources Inc. now owns 46,272 shares of the oil and gas company’s stock valued at $324,000 after purchasing an additional 3,633 shares during the last quarter. HB Wealth Management LLC lifted its stake in shares of RPC by 12.9% in the 4th quarter. HB Wealth Management LLC now owns 32,280 shares of the oil and gas company’s stock valued at $192,000 after acquiring an additional 3,697 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in RPC by 540.4% during the 3rd quarter. International Assets Investment Management LLC now owns 4,560 shares of the oil and gas company’s stock worth $29,000 after buying an additional 3,848 shares during the period. Institutional investors and hedge funds own 41.06% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on RES. Susquehanna dropped their target price on shares of RPC from $6.50 to $6.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Stifel Nicolaus lowered their price target on shares of RPC from $8.00 to $7.00 and set a “hold” rating on the stock in a research report on Friday, October 11th.

RPC Stock Down 0.7 %

RPC stock opened at $6.13 on Friday. The stock’s 50 day moving average is $6.25 and its 200 day moving average is $6.30. The company has a market capitalization of $1.32 billion, a P/E ratio of 10.94 and a beta of 1.59. RPC, Inc. has a twelve month low of $5.54 and a twelve month high of $8.19.

RPC (NYSE:RES) last released its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. RPC had a return on equity of 11.36% and a net margin of 8.07%. As a group, equities analysts expect that RPC, Inc. will post 0.43 EPS for the current year.

RPC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a dividend of $0.04 per share. The ex-dividend date is Monday, February 10th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.61%. RPC’s dividend payout ratio is currently 28.57%.

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.