Schonfeld Strategic Advisors LLC Has $1.54 Million Stake in RPC, Inc. (NYSE:RES)

Schonfeld Strategic Advisors LLC lifted its stake in RPC, Inc. (NYSE:RES - Free Report) by 139.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 259,800 shares of the oil and gas company's stock after acquiring an additional 151,300 shares during the period. Schonfeld Strategic Advisors LLC owned 0.12% of RPC worth $1,543,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

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

RPC Price Performance

NYSE RES traded up $0.25 on Monday, hitting $5.02. 330,491 shares of the company were exchanged, compared to its average volume of 1,691,492. RPC, Inc. has a twelve month low of $4.10 and a twelve month high of $7.54. The company's 50 day moving average price is $5.07 and its 200-day moving average price is $5.74. The firm has a market capitalization of $1.11 billion, a P/E ratio of 11.62 and a beta of 0.86.

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 (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $332.88 million for the quarter, compared to analyst estimates of $326.72 million. RPC had a net margin of 6.46% and a return on equity of 8.62%. RPC's revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period last year, the firm earned $0.13 earnings per share. As a group, equities analysts expect that RPC, Inc. will post 0.31 EPS for the current year.

RPC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Friday, May 9th. RPC's dividend payout ratio is currently 44.44%.

About RPC

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.