RPC, Inc. (NYSE:RES) Shares Acquired by Tudor Investment Corp Et Al

Tudor Investment Corp Et Al increased its stake in shares of RPC, Inc. (NYSE:RES – Get Rating) by 94.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,167 shares of the oil and gas company’s stock after acquiring an additional 45,255 shares during the period. Tudor Investment Corp Et Al’s holdings in RPC were worth $646,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc increased its holdings in shares of RPC by 160.0% during the 3rd quarter. IFP Advisors Inc now owns 2,600 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 1,600 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of RPC in the second quarter worth about $51,000. LPL Financial LLC purchased a new stake in shares of RPC during the 2nd quarter worth about $70,000. Tower Research Capital LLC TRC grew its position in shares of RPC by 249.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 11,147 shares of the oil and gas company’s stock valued at $77,000 after acquiring an additional 7,958 shares during the period. Finally, Walleye Capital LLC acquired a new position in RPC in the 2nd quarter worth about $81,000. 27.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded RPC from a “hold” rating to a “buy” rating in a research report on Wednesday, January 18th.

RPC Stock Up 1.9 %

Shares of NYSE RES opened at $9.72 on Monday. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 9.62 and a beta of 1.81. The company’s 50-day simple moving average is $9.19 and its 200-day simple moving average is $8.77. RPC, Inc. has a 52-week low of $5.70 and a 52-week high of $12.91.

RPC (NYSE:RES – Get Rating) last posted its quarterly earnings data on Wednesday, January 25th. The oil and gas company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.12. RPC had a return on equity of 29.45% and a net margin of 13.63%. The company had revenue of $482.00 million for the quarter, compared to analysts’ expectations of $462.37 million. During the same period in the previous year, the firm posted $0.06 EPS. RPC’s revenue was up 79.6% compared to the same quarter last year. Equities research analysts anticipate that RPC, Inc. will post 1.71 EPS for the current fiscal year.

RPC Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Friday, February 10th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.65%. This is a boost from RPC’s previous quarterly dividend of $0.02. The ex-dividend date is Thursday, February 9th. RPC’s payout ratio is presently 15.84%.

About RPC

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RPC, Inc engages in the exploration, production and development of oil and gas properties. It operates through the following segments: Technical Services and Support Services. The Technical Services segment provides oil and gas, fracturing, acidizing, coiled tubing, snubbing, nitrogen, well control, wireline and fishing services.