Empowered Funds LLC Increases Stake in Ranger Energy Services, Inc. (NYSE:RNGR)

Empowered Funds LLC raised its holdings in shares of Ranger Energy Services, Inc. (NYSE:RNGR) by 15.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 124,244 shares of the company’s stock after buying an additional 16,178 shares during the quarter. Empowered Funds LLC’s holdings in Ranger Energy Services were worth $1,480,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new stake in shares of Ranger Energy Services during the second quarter worth about $30,000. CWM LLC increased its stake in shares of Ranger Energy Services by 60.2% during the second quarter. CWM LLC now owns 3,512 shares of the company’s stock worth $37,000 after acquiring an additional 1,320 shares during the period. Copeland Capital Management LLC acquired a new position in Ranger Energy Services during the third quarter worth $51,000. Acadian Asset Management LLC purchased a new stake in shares of Ranger Energy Services during the 2nd quarter worth approximately $125,000. Finally, Hsbc Holdings PLC purchased a new position in Ranger Energy Services in the 2nd quarter valued at approximately $134,000. 68.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Barclays increased their price objective on shares of Ranger Energy Services from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Friday, August 16th.

Ranger Energy Services Stock Performance

Shares of NYSE:RNGR opened at $16.70 on Friday. The business’s fifty day moving average price is $13.11 and its two-hundred day moving average price is $11.71. The stock has a market cap of $371.58 million, a PE ratio of 25.30 and a beta of 0.49. Ranger Energy Services, Inc. has a one year low of $9.27 and a one year high of $17.04.

Ranger Energy Services (NYSE:RNGR) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. The firm had revenue of $153.00 million during the quarter. Ranger Energy Services had a return on equity of 5.54% and a net margin of 2.54%. During the same quarter in the prior year, the business posted $0.38 EPS.

Ranger Energy Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, November 8th. This represents a $0.20 annualized dividend and a dividend yield of 1.20%. Ranger Energy Services’s dividend payout ratio is presently 30.30%.

Insider Transactions at Ranger Energy Services

In other Ranger Energy Services news, SVP J. Matt Hooker sold 7,803 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $12.27, for a total transaction of $95,742.81. Following the completion of the sale, the senior vice president now directly owns 92,600 shares in the company, valued at $1,136,202. This represents a 7.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.00% of the company’s stock.

Ranger Energy Services Profile

Ranger Energy Services, Inc provides onshore high specification well service rigs, wireline services, and complementary services to exploration and production companies in the United States. It operates through three segments: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services.