State Street Corp Buys 8,008 Shares of Ranger Energy Services, Inc. (NYSE:RNGR)

State Street Corp lifted its stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR) by 2.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 323,244 shares of the company’s stock after acquiring an additional 8,008 shares during the period. State Street Corp’s holdings in Ranger Energy Services were worth $3,850,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Magnolia Capital Advisors LLC bought a new position in Ranger Energy Services during the second quarter valued at approximately $5,337,000. Kestrel Investment Management Corp bought a new position in shares of Ranger Energy Services during the 2nd quarter valued at $1,551,000. AQR Capital Management LLC grew its holdings in shares of Ranger Energy Services by 33.5% during the 2nd quarter. AQR Capital Management LLC now owns 449,028 shares of the company’s stock valued at $4,724,000 after purchasing an additional 112,634 shares during the last quarter. Foundry Partners LLC raised its position in Ranger Energy Services by 36.3% in the 2nd quarter. Foundry Partners LLC now owns 409,576 shares of the company’s stock worth $4,309,000 after purchasing an additional 109,081 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Ranger Energy Services by 13.6% during the second quarter. Dimensional Fund Advisors LP now owns 903,789 shares of the company’s stock valued at $9,508,000 after buying an additional 107,853 shares during the period. 68.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ranger Energy Services

In other news, Director Brett T. Agee sold 91,488 shares of Ranger Energy Services stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $16.68, for a total value of $1,526,019.84. Following the sale, the director now directly owns 2,446,155 shares in the company, valued at approximately $40,801,865.40. This trade represents a 3.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brett T. Agee sold 61,905 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $16.67, for a total value of $1,031,956.35. Following the transaction, the director now owns 31,905 shares of the company’s stock, valued at approximately $531,856.35. This represents a 65.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 415,836 shares of company stock valued at $6,863,316 in the last quarter. Company insiders own 3.00% of the company’s stock.

Ranger Energy Services Trading Up 3.4 %

Shares of NYSE:RNGR opened at $15.24 on Tuesday. Ranger Energy Services, Inc. has a 12-month low of $9.27 and a 12-month high of $17.20. The stock’s 50-day moving average price is $14.99 and its 200-day moving average price is $12.75. The stock has a market capitalization of $339.01 million, a P/E ratio of 23.09 and a beta of 0.51.

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

Ranger Energy Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a dividend of $0.05 per share. The ex-dividend date was Friday, November 8th. This represents a $0.20 dividend on an annualized basis and a yield of 1.31%. Ranger Energy Services’s dividend payout ratio is currently 30.30%.

About Ranger Energy Services

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.