Insider Buying: Stewart Robert Jr Acquires Shares of RPC
Stewart Robert Jr purchased 22,699 shares of RPC on June 18, 2026.
Key Points
- Stewart Robert Jr purchased 22,699 shares of RPC on June 18, 2026, as part of insider buying activity.
- RPC's stock traded near $7.54 on Tuesday, with peers like BlackRock and Capital World Investors opening new positions.
- Analysts at Barclays maintained a buy rating for RPC with a price target of $12 as of February 17, 2026.
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Stewart Robert Jr made a significant move by buying 22,699 shares of RPC on June 18, 2026. This insider purchase was part of a broader pattern of buying activity among RPC insiders.
Insider Buying and Selling at Ridgepost Capital, Inc
On June 18, 2026, several insiders, including Scott Gwilliam and Tracey Benford, also purchased shares of RPC. Gwilliam acquired 24,540 shares, and Benford bought 30,675 shares. Other insiders such as Travis Barnes, Stephen Blewitt, and Edwin Poston were involved in buying activities as well, with Poston having made a notable purchase of 391,248 shares back in March 2025.
Other Institutional Activity in RPC
In recent institutional activity, FMR LLC reduced its stake in RPC by 841,375 shares, ending with 5,326,655 shares valued at approximately $38.67 million, a 13.6% decrease. Meanwhile, BlackRock, Inc. opened a new position with 4,003,040 shares worth about $29.06 million. Capital World Investors also initiated a new stake, acquiring 3,790,553 shares valued at $27.52 million. Nomura Asset Management International Inc. increased its holdings by 566,506 shares, bringing its total to 3,598,384 shares, a rise of 18.7%. Conversely, River Road Asset Management, LLC cut its stake by 1,751,774 shares, resulting in 3,387,144 shares, a 34.1% decrease.
Ridgepost Capital, Inc Stock Down 12.5%
Shares of RPC traded near $7.54 on Tuesday. While there is no specific market cap or P/E ratio available, the stock's movement reflects ongoing interest from both insiders and institutions. The buying activity suggests confidence in RPC's prospects.
$RPC stock price
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Analysts Set New Price Targets
Analysts at Barclays have maintained a buy rating for RPC, with a price target of $12 as of February 17, 2026. Earlier, on February 13, 2026, Barclays also maintained a buy rating with a slightly lower target of $11.
Bottom Line
The recent insider purchases at RPC, including those by Stewart Robert Jr, highlight a trend of confidence among the company's insiders. Institutional actions, such as BlackRock's new position, further underscore the interest in RPC. Analysts maintain a favorable outlook, with Barclays setting a buy rating and a price target of $12. While 13F filings and insider transactions are backward-looking, they provide valuable insights into investor sentiment and potential future performance.
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