RPC, Inc. (NYSE:RES) Shares Bought by Deutsche Bank AG

Deutsche Bank AG grew its position in RPC, Inc. (NYSE:RES - Free Report) by 178.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 183,418 shares of the oil and gas company's stock after buying an additional 117,518 shares during the quarter. Deutsche Bank AG owned 0.09% of RPC worth $1,090,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nicholas Hoffman & Company LLC. acquired a new stake in shares of RPC during the 4th quarter worth about $59,000. Raymond James Financial Inc. purchased a new position in shares of RPC during the 4th quarter worth $64,000. Ieq Capital LLC purchased a new stake in shares of RPC in the fourth quarter valued at $65,000. Nisa Investment Advisors LLC increased its stake in RPC by 383.2% in the fourth 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 during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in RPC during the fourth quarter worth about $68,000. Institutional investors and hedge funds own 41.06% of the company's stock.

Analysts Set New Price Targets

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

RPC Stock Performance

Shares of NYSE:RES traded down $0.06 during trading on Friday, reaching $4.50. 138,033 shares of the stock were exchanged, compared to its average volume of 1,678,503. The firm's 50-day moving average price is $4.88 and its 200 day moving average price is $5.63. The firm has a market cap of $991.44 million, a price-to-earnings ratio of 10.45 and a beta of 0.86. RPC, Inc. has a 12-month low of $4.10 and a 12-month high of $7.54.

RPC (NYSE:RES - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $332.88 million for the quarter, compared to analysts' expectations of $326.72 million. RPC had a return on equity of 8.62% and a net margin of 6.46%. RPC's quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.13 earnings per share. As a group, equities research analysts forecast that RPC, Inc. will post 0.31 EPS for the current year.

RPC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Friday, May 9th. RPC's payout ratio is 44.44%.

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.