Insider Selling: RPC, Inc. (NYSE:RES) Major Shareholder Sells 125,000 Shares of Stock

RPC, Inc. (NYSE:RES) major shareholder Lor Inc sold 125,000 shares of the business’s stock in a transaction dated Thursday, September 16th. The shares were sold at an average price of $4.23, for a total value of $528,750.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Lor Inc also recently made the following trade(s):

  • On Tuesday, June 22nd, Lor Inc sold 120,000 shares of RPC stock. The stock was sold at an average price of $5.54, for a total value of $664,800.00.

Shares of RES opened at $3.85 on Wednesday. The stock’s 50-day moving average is $4.01 and its two-hundred day moving average is $4.91. The stock has a market cap of $830.54 million, a PE ratio of -21.39 and a beta of 2.13. RPC, Inc. has a 12 month low of $2.23 and a 12 month high of $7.43.

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its stake in shares of RPC by 1.7% in the second quarter. BlackRock Inc. now owns 9,949,028 shares of the oil and gas company’s stock worth $49,247,000 after acquiring an additional 166,939 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of RPC by 125.5% in the second quarter. Van ECK Associates Corp now owns 7,971,307 shares of the oil and gas company’s stock worth $39,458,000 after acquiring an additional 4,436,206 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of RPC by 0.9% in the second quarter. Vanguard Group Inc. now owns 6,585,931 shares of the oil and gas company’s stock worth $32,601,000 after acquiring an additional 57,777 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of RPC by 4.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,500,785 shares of the oil and gas company’s stock worth $22,279,000 after acquiring an additional 182,420 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in shares of RPC by 8.4% in the second quarter. Gamco Investors INC. ET AL now owns 3,385,239 shares of the oil and gas company’s stock worth $16,757,000 after acquiring an additional 263,500 shares in the last quarter. Institutional investors own 26.79% of the company’s stock.

Separately, Citigroup upgraded RPC from a “sell” rating to a “neutral” rating in a research note on Monday, September 13th.

RPC Company Profile

RPC, Inc engages in the exploration, production and development of oil and gas properties. It operates through the following segments: Technical Services and Support Services. The Technical Services segment provides oil and gas, fracturing, acidizing, coiled tubing, snubbing, nitrogen, well control, wireline and fishing services.

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Insider Buying and Selling by Quarter for RPC (NYSE:RES)

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