SCHEDULE 13G/A: BlackRock Discloses 5.9% Stake in RPC INC Common Stock
Beneficial Ownership Report
BlackRock, Inc. has reported a 5.9% beneficial ownership stake in RPC INC's common stock, holding over 13 million shares.
Summary
- BlackRock, Inc. beneficially owns 13,055,224 shares of RPC INC common stock.
- This ownership represents 5.9% of the total outstanding common shares of RPC INC.
- BlackRock holds sole voting power over 12,836,332 shares and sole dispositive power over 13,055,224 shares.
- The filing is an Amendment No. 3 to a previous Schedule 13G.
- BlackRock certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of RPC INC.
- Various BlackRock entities, including BlackRock Advisors, LLC, BlackRock Investment Management (UK) Limited, and BlackRock Fund Advisors, are involved in the beneficial ownership, though no single entity's interest exceeds five percent of the total outstanding common shares.
Sentiment
Score: 6
Explanation: Neutral to slightly positive. The filing is a routine disclosure of a passive investment by a major institutional investor, which can be seen as a vote of confidence. No negative operational or financial information is present.
Positives
- A major institutional investor, BlackRock, holds a significant 5.9% stake in RPC INC, indicating confidence in the company as a passive investment.
Negatives
- No negative information regarding RPC INC's operations or financial health is present in this ownership disclosure.
Risks
- No specific operational or financial risks for RPC INC are detailed in this beneficial ownership filing.
Future Outlook
This Schedule 13G filing does not provide any forward-looking statements or guidance regarding RPC INC's future performance or outlook.
Management Comments
- BlackRock, Inc. certifies that, to the best of its knowledge and belief, the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
Industry Context
This filing is a standard disclosure of a passive investment by a large asset manager and does not provide specific insights into broader industry trends or competitive landscape for RPC INC. It indicates BlackRock's continued investment in the oil and gas services sector, where RPC INC operates.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional holder like BlackRock can provide a degree of confidence and liquidity to the stock.
Key Dates
| Date | Description |
|---|---|
| 04/30/2023 | Date of previously revoked Power of Attorney. |
| 01/21/2025 | Date of current Power of Attorney executed by BlackRock, Inc. |
| 06/30/2025 | Date of event which requires filing of this statement. |
| 07/17/2025 | Date Schedule 13G Amendment No. 3 was signed by BlackRock, Inc. |
Keywords
RPC INC, BlackRock, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Passive Investment
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