RPC, Inc. (NYSE:RES) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in RPC, Inc. (NYSE:RES - Free Report) by 11.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,689,779 shares of the oil and gas company's stock after purchasing an additional 180,301 shares during the period. Charles Schwab Investment Management Inc. owned 0.79% of RPC worth $10,037,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC raised its stake in 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 worth $130,000 after buying an additional 1,850 shares in the last quarter. HighTower Advisors LLC raised its position in shares of RPC by 6.1% in the 3rd quarter. HighTower Advisors LLC now owns 40,082 shares of the oil and gas company's stock worth $252,000 after acquiring an additional 2,288 shares in the last quarter. Inspire Investing LLC lifted its stake in shares of RPC by 3.9% during the 4th quarter. Inspire Investing LLC now owns 66,994 shares of the oil and gas company's stock worth $398,000 after purchasing an additional 2,500 shares during the last quarter. Franklin Resources Inc. boosted its position in RPC by 8.5% during the third 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 in the last quarter. Finally, HB Wealth Management LLC raised its holdings 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 worth $192,000 after purchasing an additional 3,697 shares in the last quarter. 41.06% of the stock is currently owned by hedge funds and other institutional investors.

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RPC Stock Performance

NYSE:RES traded down $0.03 during mid-day trading on Wednesday, hitting $5.57. 968,393 shares of the company's stock traded hands, compared to its average volume of 1,639,138. The company has a market capitalization of $1.20 billion, a P/E ratio of 12.94 and a beta of 1.52. The company has a fifty day moving average of $5.96 and a 200 day moving average of $6.12. RPC, Inc. has a twelve month low of $5.04 and a twelve month high of $8.19.

RPC (NYSE:RES - Get Free Report) last announced its quarterly earnings data 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%. On average, research analysts expect that RPC, Inc. will post 0.31 earnings per share for the current fiscal year.

RPC Dividend Announcement

The business also recently declared 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. This represents a $0.16 annualized dividend and a yield of 2.88%. The ex-dividend date was Monday, February 10th. RPC's dividend payout ratio is currently 37.21%.

Wall Street Analyst Weigh In

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

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.