Teton Advisors Inc. Has $422,000 Stock Holdings in RPC, Inc. (NYSE:RES)

Teton Advisors Inc. decreased its holdings in shares of RPC, Inc. (NYSE:RES) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,000 shares of the oil and gas company’s stock after selling 2,000 shares during the quarter. Teton Advisors Inc.’s holdings in RPC were worth $422,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of RES. Signaturefd LLC grew its stake in shares of RPC by 67.3% in the fourth quarter. Signaturefd LLC now owns 4,580 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 1,843 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of RPC by 632.1% during the 4th quarter. International Assets Investment Management LLC now owns 5,125 shares of the oil and gas company’s stock worth $37,000 after buying an additional 4,425 shares during the period. TFO Wealth Partners LLC grew its position in RPC by 304,100.0% in the 4th quarter. TFO Wealth Partners LLC now owns 9,126 shares of the oil and gas company’s stock valued at $66,000 after purchasing an additional 9,123 shares during the period. Vanguard Personalized Indexing Management LLC bought a new position in RPC during the 4th quarter valued at $85,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of RPC during the 3rd quarter worth $95,000. Institutional investors and hedge funds own 41.06% of the company’s stock.

RPC Stock Performance

Shares of NYSE RES traded up $0.07 during trading on Thursday, hitting $6.62. The company had a trading volume of 1,429,806 shares, compared to its average volume of 1,643,420. The stock has a 50 day simple moving average of $7.60 and a 200 day simple moving average of $7.47. RPC, Inc. has a 12 month low of $6.34 and a 12 month high of $9.41. The firm has a market capitalization of $1.42 billion, a P/E ratio of 9.51 and a beta of 1.65.

RPC (NYSE:RES) last issued its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06). The business had revenue of $377.80 million for the quarter, compared to the consensus estimate of $393.33 million. RPC had a return on equity of 15.02% and a net margin of 9.95%. RPC’s revenue was down 20.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share. As a group, analysts predict that RPC, Inc. will post 0.71 EPS for the current year.

RPC Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be given a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 56.80%. The ex-dividend date of this dividend is Thursday, May 9th. This is an increase from RPC’s previous quarterly dividend of $0.04. RPC’s dividend payout ratio (DPR) is 22.86%.

Analyst Upgrades and Downgrades

Separately, Susquehanna cut their price objective on RPC from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Friday, April 26th.

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.