RPC, Inc. (NYSE:RES) Shares Bought by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL increased its position in RPC, Inc. (NYSE:RES - Free Report) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,081,429 shares of the oil and gas company's stock after buying an additional 97,369 shares during the quarter. Gamco Investors INC. ET AL owned about 1.43% of RPC worth $18,304,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RES. Nicholas Hoffman & Company LLC. purchased a new position in shares of RPC in the 4th quarter worth about $59,000. GAMMA Investing LLC raised its holdings in RPC by 437.4% in the fourth quarter. GAMMA Investing LLC now owns 10,087 shares of the oil and gas company's stock valued at $60,000 after buying an additional 8,210 shares during the period. Raymond James Financial Inc. acquired a new position in RPC during the fourth quarter valued at approximately $64,000. Ieq Capital LLC purchased a new stake in RPC during the fourth quarter worth approximately $65,000. Finally, Nisa Investment Advisors LLC grew its stake in RPC by 383.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 11,312 shares of the oil and gas company's stock worth $67,000 after buying an additional 8,971 shares during the period. Institutional investors and hedge funds own 41.06% of the company's stock.

RPC Stock Performance

Shares of RES stock traded down $0.12 on Monday, hitting $4.91. The stock had a trading volume of 236,802 shares, compared to its average volume of 1,720,770. RPC, Inc. has a 52-week low of $4.10 and a 52-week high of $8.14. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 11.42 and a beta of 1.27. The stock's 50 day moving average is $5.36 and its 200-day moving average is $5.93.

RPC (NYSE:RES - Get Free Report) last announced its earnings results on Thursday, January 30th. The oil and gas company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. RPC had a return on equity of 8.62% and a net margin of 6.46%. Equities analysts expect that RPC, Inc. will post 0.31 earnings per share for the current year.

RPC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date was Monday, February 10th. RPC's payout ratio is 37.21%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on RES shares. Citigroup raised shares of RPC from a "sell" rating to a "neutral" rating and cut their target price for the company from $5.50 to $4.75 in a research note on Tuesday, April 8th. Susquehanna reduced their price objective on RPC from $6.00 to $5.50 and set a "neutral" rating on the stock in a research note on Monday, April 14th.

RPC Company 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.