Bridge City Capital LLC Has $1.65 Million Holdings in RPC, Inc. (NYSE:RES)

Bridge City Capital LLC decreased its holdings in RPC, Inc. (NYSE:RES) by 1.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 277,945 shares of the oil and gas company’s stock after selling 2,923 shares during the period. Bridge City Capital LLC’s holdings in RPC were worth $1,651,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of RES. Steward Partners Investment Advisory LLC grew its stake in shares of 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 purchasing an additional 1,850 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of RPC by 6.1% in the third quarter. HighTower Advisors LLC now owns 40,082 shares of the oil and gas company’s stock valued at $252,000 after buying an additional 2,288 shares during the period. Inspire Investing LLC raised its position in shares of RPC by 3.9% during the fourth quarter. Inspire Investing LLC now owns 66,994 shares of the oil and gas company’s stock worth $398,000 after acquiring an additional 2,500 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of RPC by 8.5% in the third quarter. Franklin Resources Inc. now owns 46,272 shares of the oil and gas company’s stock worth $324,000 after acquiring an additional 3,633 shares during the period. Finally, HB Wealth Management LLC boosted 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 valued at $192,000 after acquiring an additional 3,697 shares during the last quarter. Institutional investors own 41.06% of the company’s stock.

Analyst Ratings Changes

Separately, Citigroup boosted 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 0.3 %

Shares of RPC stock opened at $5.47 on Friday. The business’s fifty day simple moving average is $6.00 and its 200 day simple moving average is $6.12. RPC, Inc. has a 12 month low of $5.04 and a 12 month high of $8.19. The firm has a market capitalization of $1.18 billion, a P/E ratio of 12.71 and a beta of 1.52.

RPC (NYSE:RES) last released its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. RPC had a net margin of 6.46% and a return on equity of 8.62%. Analysts predict that RPC, Inc. will post 0.31 EPS for the current fiscal year.

RPC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were issued 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 2.93%. 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.