Ranger Energy Services, Inc. (NYSE:RNGR) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC grew its position in shares of Ranger Energy Services, Inc. (NYSE:RNGR) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 351,793 shares of the company’s stock after purchasing an additional 11,921 shares during the quarter. Geode Capital Management LLC owned approximately 1.58% of Ranger Energy Services worth $4,190,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Magnolia Capital Advisors LLC purchased a new position in Ranger Energy Services in the second quarter valued at $5,337,000. Kestrel Investment Management Corp acquired a new stake in shares of Ranger Energy Services during the 2nd quarter valued at about $1,551,000. AQR Capital Management LLC increased its stake in shares of Ranger Energy Services by 33.5% in 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 in the last quarter. Dimensional Fund Advisors LP raised its holdings in Ranger Energy Services by 13.6% in 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 period. Finally, GSA Capital Partners LLP boosted its position in Ranger Energy Services by 391.4% during the third quarter. GSA Capital Partners LLP now owns 118,744 shares of the company’s stock worth $1,414,000 after purchasing an additional 94,580 shares in the last quarter. 68.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Brett T. Agee sold 19,209 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $15.30, for a total value of $293,897.70. Following the completion of the transaction, the director now directly owns 1,843,999 shares of the company’s stock, valued at approximately $28,213,184.70. This represents a 1.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brett T. Agee sold 61,905 shares of Ranger Energy Services stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $16.67, for a total transaction of $1,031,956.35. Following the sale, the director now directly owns 31,905 shares in the company, valued at approximately $531,856.35. This trade represents a 65.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 415,836 shares of company stock worth $6,863,316 in the last 90 days. Insiders own 3.00% of the company’s stock.

Ranger Energy Services Trading Up 0.7 %

Shares of RNGR opened at $16.43 on Monday. The firm has a market cap of $365.49 million, a P/E ratio of 24.89 and a beta of 0.54. The stock’s 50 day moving average is $15.27 and its two-hundred day moving average is $12.89. Ranger Energy Services, Inc. has a 12 month low of $9.27 and a 12 month high of $17.20.

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

Ranger Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.20 annualized dividend and a dividend yield of 1.22%. Ranger Energy Services’s dividend payout ratio (DPR) is presently 30.30%.

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.