American Century Companies Inc. Has $18.06 Million Stock Position in RPC, Inc. (NYSE:RES)

American Century Companies Inc. grew its holdings in RPC, Inc. (NYSE:RES - Free Report) by 11.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,039,581 shares of the oil and gas company's stock after acquiring an additional 306,976 shares during the quarter. American Century Companies Inc. owned 1.41% of RPC worth $18,055,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp increased its stake in RPC by 6.2% during the 3rd quarter. State Street Corp now owns 4,202,844 shares of the oil and gas company's stock worth $26,730,000 after acquiring an additional 245,372 shares during the period. Van ECK Associates Corp raised its stake in RPC by 27.2% in the fourth quarter. Van ECK Associates Corp now owns 2,838,991 shares of the oil and gas company's stock valued at $16,863,000 after purchasing an additional 607,255 shares in the last quarter. Bank of New York Mellon Corp lifted its position in RPC by 12.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,761,776 shares of the oil and gas company's stock worth $10,465,000 after purchasing an additional 195,414 shares during the period. Charles Schwab Investment Management Inc. grew its stake in RPC by 11.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,689,779 shares of the oil and gas company's stock worth $10,037,000 after buying an additional 180,301 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in RPC in the 3rd quarter valued at about $5,917,000. 41.06% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Separately, Citigroup increased their price target on shares of RPC from $5.25 to $5.50 and gave the stock a "sell" rating in a research report on Thursday, February 20th.

RPC Trading Down 12.5 %

RPC stock traded down $0.62 during midday trading on Friday, reaching $4.31. The company's stock had a trading volume of 2,580,177 shares, compared to its average volume of 1,688,501. The stock has a market cap of $930.11 million, a PE ratio of 10.01 and a beta of 1.27. RPC, Inc. has a 52 week low of $4.25 and a 52 week high of $8.19. The business has a 50-day moving average price of $5.71 and a 200-day moving average price of $6.08.

RPC (NYSE:RES - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.06. RPC had a net margin of 6.46% and a return on equity of 8.62%. As a group, research analysts predict that RPC, Inc. will post 0.31 EPS for the current fiscal year.

RPC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were given a dividend of $0.04 per share. The ex-dividend date was Monday, February 10th. This represents a $0.16 dividend on an annualized basis and a yield of 3.72%. RPC's dividend payout ratio is currently 37.21%.

RPC Profile

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.