Numerai GP LLC Purchases 113,444 Shares of RPC, Inc. (NYSE:RES)

Numerai GP LLC raised its stake in shares of RPC, Inc. (NYSE:RES - Free Report) by 1,028.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 124,473 shares of the oil and gas company's stock after purchasing an additional 113,444 shares during the period. Numerai GP LLC owned 0.06% of RPC worth $739,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RES. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of RPC by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,368 shares of the oil and gas company's stock valued at $287,000 after purchasing an additional 1,697 shares during the period. D. E. Shaw & Co. Inc. increased its stake in RPC by 185.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 53,880 shares of the oil and gas company's stock valued at $320,000 after purchasing an additional 34,978 shares during the last quarter. Deutsche Bank AG lifted its holdings in RPC by 178.3% in the fourth quarter. Deutsche Bank AG now owns 183,418 shares of the oil and gas company's stock worth $1,090,000 after acquiring an additional 117,518 shares during the last quarter. Bridgeway Capital Management LLC grew its stake in RPC by 2.8% during the 4th quarter. Bridgeway Capital Management LLC now owns 1,665,958 shares of the oil and gas company's stock worth $9,896,000 after buying an additional 45,468 shares during the last quarter. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of RPC in the 4th quarter worth about $127,000. Institutional investors and hedge funds own 41.06% of the company's stock.

RPC Price Performance

NYSE RES traded down $0.05 on Tuesday, hitting $4.71. 167,467 shares of the stock were exchanged, compared to its average volume of 1,685,951. The company's 50-day moving average price is $5.02 and its two-hundred day moving average price is $5.71. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 10.94 and a beta of 0.86. RPC, Inc. has a 52-week low of $4.10 and a 52-week high of $7.54.

RPC (NYSE:RES - Get Free Report) last posted 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). RPC had a return on equity of 8.62% and a net margin of 6.46%. The firm had revenue of $332.88 million for the quarter, compared to the consensus estimate of $326.72 million. During the same period in the prior year, the company posted $0.13 earnings per share. RPC's quarterly revenue was down 11.9% on a year-over-year basis. Equities analysts predict that RPC, Inc. will post 0.31 EPS for the current fiscal year.

RPC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 3.40%. The ex-dividend date is Friday, May 9th. RPC's payout ratio is 44.44%.

Wall Street Analyst Weigh In

RES has been the topic of a number of research analyst reports. Citigroup raised RPC from a "sell" rating to a "neutral" rating and lowered their price target for the company from $5.50 to $4.75 in a report on Tuesday, April 8th. Susquehanna reduced their price target 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.

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.