BlackRock Amends RPC INC Stake, Passive Investment Maintained
Ticker: RES · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 742278
| Field | Detail |
|---|---|
| Company | Rpc Inc (RES) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its RPC INC stake, still a passive holder.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, disclosing its ownership of RPC INC common stock as of December 31, 2023. This filing indicates BlackRock's passive investment in RPC INC, an oil and gas field services company. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in its confidence or strategy regarding RPC INC, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated ownership in RPC INC, providing transparency on a significant institutional investor's position, which can influence market perception and trading decisions.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued passive stake in RPC INC, but this filing alone doesn't suggest a need for immediate action. It's a routine update from a large institutional investor.
Key Players & Entities
- BlackRock Inc. (company) — filer of the SC 13G/A, a major institutional investor
- RPC INC (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A amendment
Forward-Looking Statements
- BlackRock will maintain a passive investment strategy in RPC INC for the foreseeable future. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., a security brokers, dealers & flotation company based in New York, NY.
What is the subject company of this filing?
The subject company is RPC INC, an oil, gas field services company based in Atlanta, GA.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of RPC INC is 749660106.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding RPC INC (RES).