RPC, Inc. (NYSE:RES) Shares Sold by Trexquant Investment LP

Trexquant Investment LP lowered its position in shares of RPC, Inc. (NYSE:RES - Free Report) by 36.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 425,132 shares of the oil and gas company's stock after selling 239,804 shares during the quarter. Trexquant Investment LP owned about 0.20% of RPC worth $2,525,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Nicholas Hoffman & Company LLC. acquired a new position in RPC during the fourth quarter valued at approximately $59,000. GAMMA Investing LLC raised its stake in shares of RPC by 437.4% in the 4th quarter. GAMMA Investing LLC now owns 10,087 shares of the oil and gas company's stock valued at $60,000 after acquiring an additional 8,210 shares during the period. Raymond James Financial Inc. acquired a new position in shares of RPC during the 4th quarter valued at $64,000. Ieq Capital LLC purchased a new stake in RPC during the 4th quarter worth $65,000. Finally, Nisa Investment Advisors LLC increased its holdings in RPC by 383.2% in the 4th 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. Hedge funds and other institutional investors own 41.06% of the company's stock.

RPC Stock Performance

Shares of RES stock traded up $0.16 on Friday, hitting $4.82. The stock had a trading volume of 2,026,591 shares, compared to its average volume of 1,717,012. The stock's 50 day moving average is $5.47 and its 200-day moving average is $5.99. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 11.20 and a beta of 1.27. RPC, Inc. has a 52-week low of $4.10 and a 52-week high of $8.19.

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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 (EPS) for the quarter, hitting analysts' consensus estimates 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 Dividend Announcement

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 3.32%. The ex-dividend date of this dividend was Monday, February 10th. RPC's payout ratio is 37.21%.

Wall Street Analyst Weigh In

Separately, Citigroup raised RPC from a "sell" rating to a "neutral" rating and decreased their target price for the stock from $5.50 to $4.75 in a research report on Tuesday.

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.