Charles Schwab Investment Management Inc. Sells 2,591 Shares of Ranger Energy Services, Inc. (NYSE:RNGR)

Charles Schwab Investment Management Inc. cut its position in shares of Ranger Energy Services, Inc. (NYSE:RNGR) by 5.8% during the third quarter, HoldingsChannel.com reports. The firm owned 41,798 shares of the company’s stock after selling 2,591 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Ranger Energy Services were worth $498,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of RNGR. CWM LLC raised its position in Ranger Energy Services by 60.2% in the second quarter. CWM LLC now owns 3,512 shares of the company’s stock worth $37,000 after purchasing an additional 1,320 shares in the last quarter. Quest Partners LLC grew its stake in shares of Ranger Energy Services by 24.4% in the 3rd quarter. Quest Partners LLC now owns 3,687 shares of the company’s stock valued at $44,000 after purchasing an additional 723 shares during the period. Copeland Capital Management LLC acquired a new position in shares of Ranger Energy Services in the 3rd quarter worth approximately $51,000. Acadian Asset Management LLC bought a new position in shares of Ranger Energy Services during the 2nd quarter worth approximately $125,000. Finally, Hsbc Holdings PLC acquired a new stake in Ranger Energy Services in the 2nd quarter valued at $134,000. 68.10% of the stock is currently owned by institutional investors.

Ranger Energy Services Price Performance

Shares of NYSE:RNGR opened at $14.23 on Friday. The business’s fifty day moving average price is $14.69 and its two-hundred day moving average price is $12.49. Ranger Energy Services, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $17.20. The stock has a market capitalization of $316.55 million, a price-to-earnings ratio of 21.56 and a beta of 0.51.

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

Ranger Energy Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Friday, November 8th. Ranger Energy Services’s payout ratio is 30.30%.

Insider Activity

In other news, 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 transaction of $1,031,956.35. Following the transaction, the director now directly owns 31,905 shares in the company, valued at approximately $531,856.35. This represents a 65.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brett T. Agee sold 54,608 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $17.06, for a total transaction of $931,612.48. Following the completion of the sale, the director now directly owns 2,059,499 shares of the company’s stock, valued at approximately $35,135,052.94. This represents a 2.58 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 415,836 shares of company stock worth $6,863,316. Insiders own 3.00% of the company’s stock.

Ranger Energy Services Company 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.