SCHEDULE 13G/A: BlackRock Discloses 5.9% Passive Stake in RPC INC
Beneficial Ownership Report
BlackRock, Inc. has filed an amended Schedule 13G, reporting a 5.9% beneficial ownership stake in RPC INC's common stock as of June 30, 2025.
Summary
- BlackRock, Inc. beneficially owns 13,055,224 shares of RPC INC common stock.
- This ownership represents 5.9% of the total class of securities.
- BlackRock, Inc. holds sole voting power over 12,836,332 shares.
- BlackRock, Inc. holds sole dispositive power over 13,055,224 shares.
- No shared voting or dispositive power is reported.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of a passive institutional ownership stake, explicitly stating no intent to influence control, indicating a neutral sentiment regarding the company's operational or strategic direction.
Future Outlook
NA
Management Comments
- BlackRock, Inc. certifies that the securities were acquired and are held in the ordinary course of business.
- BlackRock, Inc. certifies that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of RPC INC.
Industry Context
NA
Key Dates
| Date | Description |
|---|---|
| 2025-01-21 | Effective date of the Power of Attorney granted by BlackRock, Inc. for SEC filings. |
| 2025-06-30 | Date of event requiring the filing of this statement, reflecting BlackRock's beneficial ownership in RPC INC. |
| 2025-07-17 | Filing date of the Schedule 13G Amendment No. 3 by BlackRock, Inc. |
Keywords
BlackRock, RPC INC, Schedule 13G, beneficial ownership, common stock, institutional investment, passive stake
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