Geode Capital Management LLC Increases Holdings in Ranger Energy Services, Inc. (NYSE:RNGR)

Geode Capital Management LLC boosted its position in Ranger Energy Services, Inc. (NYSE:RNGR) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 355,976 shares of the company’s stock after buying an additional 4,183 shares during the quarter. Geode Capital Management LLC’s holdings in Ranger Energy Services were worth $5,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in RNGR. Hillsdale Investment Management Inc. bought a new position in shares of Ranger Energy Services during the 4th quarter valued at $3,756,000. Acuitas Investments LLC bought a new position in shares of Ranger Energy Services during the fourth quarter valued at about $2,294,000. Prudential Financial Inc. increased its holdings in shares of Ranger Energy Services by 102.4% in the fourth quarter. Prudential Financial Inc. now owns 219,222 shares of the company’s stock worth $3,394,000 after buying an additional 110,907 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Ranger Energy Services by 54.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 288,805 shares of the company’s stock valued at $4,471,000 after acquiring an additional 102,313 shares during the last quarter. Finally, Alliancebernstein L.P. purchased a new stake in Ranger Energy Services during the 4th quarter valued at about $1,570,000. 68.10% of the stock is owned by hedge funds and other institutional investors.

Ranger Energy Services Price Performance

Shares of Ranger Energy Services stock opened at $12.25 on Friday. Ranger Energy Services, Inc. has a one year low of $9.27 and a one year high of $18.45. The business’s 50 day simple moving average is $14.12 and its two-hundred day simple moving average is $15.00. The stock has a market capitalization of $272.60 million, a P/E ratio of 18.56 and a beta of 0.27.

Ranger Energy Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.96%. This is an increase from Ranger Energy Services’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, March 14th. Ranger Energy Services’s payout ratio is presently 29.27%.

Insider Activity at Ranger Energy Services

In other Ranger Energy Services news, Director Brett T. Agee sold 13,343 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $14.52, for a total value of $193,740.36. Following the completion of the sale, the director now owns 1,782,232 shares in the company, valued at approximately $25,878,008.64. This trade represents a 0.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 43,882 shares of company stock worth $639,858 in the last three months. 2.80% of the stock is owned by insiders.

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.