Jane Street Group LLC Has $488,000 Stock Holdings in RPC, Inc. (NYSE:RES)

Jane Street Group LLC boosted its position in RPC, Inc. (NYSE:RES - Free Report) by 1,009.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 82,124 shares of the oil and gas company's stock after purchasing an additional 74,722 shares during the period. Jane Street Group LLC's holdings in RPC were worth $488,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in RES. Dimensional Fund Advisors LP raised its stake in shares of RPC by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,620,598 shares of the oil and gas company's stock worth $69,025,000 after buying an additional 459,700 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of RPC by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 10,880,406 shares of the oil and gas company's stock worth $64,630,000 after buying an additional 99,370 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in shares of RPC by 3.3% in the 4th quarter. Gamco Investors INC. ET AL now owns 3,081,429 shares of the oil and gas company's stock worth $18,304,000 after buying an additional 97,369 shares in the last quarter. American Century Companies Inc. raised its stake in shares of RPC by 11.2% in the 4th quarter. American Century Companies Inc. now owns 3,039,581 shares of the oil and gas company's stock worth $18,055,000 after buying an additional 306,976 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of RPC by 27.2% in the 4th quarter. Van ECK Associates Corp now owns 2,838,991 shares of the oil and gas company's stock worth $16,863,000 after buying an additional 607,255 shares in the last quarter. 41.06% of the stock is currently owned by institutional investors and hedge funds.

RPC Price Performance

NYSE:RES traded down $0.11 during midday trading on Friday, reaching $4.44. The stock had a trading volume of 1,171,444 shares, compared to its average volume of 1,684,591. The stock has a market capitalization of $979.31 million, a P/E ratio of 10.33 and a beta of 0.86. RPC, Inc. has a 1-year low of $4.10 and a 1-year high of $7.54. The firm's fifty day simple moving average is $4.86 and its 200-day simple moving average is $5.62.

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

RPC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be given a dividend of $0.04 per share. The ex-dividend date is Friday, May 9th. This represents a $0.16 annualized dividend and a dividend yield of 3.60%. RPC's dividend payout ratio (DPR) is presently 44.44%.

Analyst Upgrades and Downgrades

RES has been the topic of a number of research reports. Susquehanna dropped 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. Citigroup raised RPC from a "sell" rating to a "neutral" rating and dropped their price objective for the stock from $5.50 to $4.75 in a research note on Tuesday, April 8th.

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.