Ranger Energy Services, Inc. (NYSE:RNGR) Stock Holdings Reduced by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its position in Ranger Energy Services, Inc. (NYSE:RNGR) by 5.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,798 shares of the company’s stock after selling 2,591 shares during the period. Charles Schwab Investment Management Inc. owned about 0.19% of Ranger Energy Services worth $498,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Encompass Capital Advisors LLC increased its holdings in Ranger Energy Services by 2.4% in the second quarter. Encompass Capital Advisors LLC now owns 1,550,241 shares of the company’s stock worth $16,309,000 after buying an additional 36,946 shares during the last quarter. Royce & Associates LP increased its stake in shares of Ranger Energy Services by 5.9% during the 3rd quarter. Royce & Associates LP now owns 981,998 shares of the company’s stock worth $11,696,000 after purchasing an additional 54,737 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Ranger Energy Services by 13.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 903,789 shares of the company’s stock worth $9,508,000 after purchasing an additional 107,853 shares during the last quarter. Magnolia Capital Advisors LLC bought a new position in shares of Ranger Energy Services during the 2nd quarter valued at $5,337,000. Finally, Foundry Partners LLC lifted its stake in shares of Ranger Energy Services by 10.1% in the 3rd quarter. Foundry Partners LLC now owns 450,897 shares of the company’s stock valued at $5,370,000 after purchasing an additional 41,321 shares during the last quarter. 68.10% of the stock is owned by hedge funds and other institutional investors.

Ranger Energy Services Price Performance

Ranger Energy Services stock opened at $14.23 on Friday. Ranger Energy Services, Inc. has a one year low of $9.27 and a one year high of $17.20. The company’s fifty day moving average price is $14.69 and its two-hundred day moving average price is $12.49. The company 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 issued its quarterly earnings data on Monday, October 28th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the company posted $0.38 EPS.

Ranger Energy Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis 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 Buying and Selling

In other news, Director Brett T. Agee sold 61,905 shares of the firm’s stock in a transaction 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 sale, the director now owns 31,905 shares in the company, valued at approximately $531,856.35. This trade represents a 65.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Brett T. Agee sold 100,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $16.60, for a total transaction of $1,660,000.00. Following the transaction, the director now directly owns 2,222,794 shares in the company, valued at $36,898,380.40. This trade represents a 4.31 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 415,836 shares of company stock valued at $6,863,316. Company 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.