Scott Gwilliam Buys Shares of RPC
Scott Gwilliam purchased 24,540 shares of RPC on June 18, 2026.
Key Points
- Scott Gwilliam bought 24,540 shares of RPC on June 18, 2026, marking a significant insider purchase.
- Shares of RPC traded near $7.54 on Tuesday, with insiders making several purchases recently.
- Peers like BlackRock and Capital World Investors opened new positions in RPC, reflecting active institutional interest.
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Scott Gwilliam, an insider at RPC, purchased 24,540 shares of the company on June 18, 2026. This transaction adds to a series of insider buys that day, although the exact value of the purchase wasn't specified. Shares of RPC were trading near $7.54 on Tuesday.
Insider Buying and Selling at Ridgepost Capital, Inc
Several insiders at RPC have been active in the market recently. On June 18, 2026, Tracey Benford bought 30,675 shares, Travis Barnes purchased 22,699 shares, Stephen Blewitt acquired 22,699 shares, Robert Jr. Stewart also bought 22,699 shares, and Edwin Poston added a substantial 391,248 shares back in March 2025. None of these transactions were planned under Rule 10b5-1 trading plans.
Other Institutional Activity in RPC
Institutional investors have also been busy with RPC. BlackRock, Inc. opened a new position with 4,003,040 shares valued at about $29,062,070. Capital World Investors followed suit, initiating a stake with 3,790,553 shares worth approximately $27,519,415. Meanwhile, Nomura Asset Management International Inc. increased its holdings by 566,506 shares, representing an 18.7% increase, ending with 3,598,384 shares valued at $26,124,000. On the other hand, FMR LLC reduced its position by 841,375 shares, a 13.6% decrease, leaving it with 5,326,655 shares worth about $38,671,516.
Analysts Set New Price Targets
Barclays maintained its "buy" rating on RPC, setting a price target of $12.00 on February 17, 2026. Earlier, on February 13, 2026, Barclays had also maintained a "buy" rating with a slightly lower target of $11.00. The consensus among analysts suggests a positive outlook for RPC.
Bottom Line
Scott Gwilliam's purchase of RPC shares highlights insider confidence in the company. With institutional investors like BlackRock and Capital World Investors opening new positions, there seems to be significant interest in RPC stock. However, as always, remember that insider and institutional activity is just one piece of the investment puzzle, and this information reflects past actions rather than current positions.
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