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

State Street Corp boosted its position in Ranger Energy Services, Inc. (NYSE:RNGR) by 2.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 323,244 shares of the company’s stock after purchasing an additional 8,008 shares during the period. State Street Corp owned about 1.45% of Ranger Energy Services worth $3,850,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC increased its holdings in Ranger Energy Services by 24.4% during the third quarter. Quest Partners LLC now owns 3,687 shares of the company’s stock worth $44,000 after buying an additional 723 shares during the last quarter. Copeland Capital Management LLC bought a new stake in shares of Ranger Energy Services in the 3rd quarter worth approximately $51,000. Acadian Asset Management LLC purchased a new position in Ranger Energy Services in the second quarter valued at approximately $125,000. Hsbc Holdings PLC bought a new position in Ranger Energy Services during the second quarter valued at $134,000. Finally, SG Americas Securities LLC purchased a new stake in Ranger Energy Services in the third quarter worth $147,000. Hedge funds and other institutional investors own 68.10% of the company’s stock.

Insider Buying and Selling

In related news, Director Brett T. Agee sold 61,905 shares of the stock in a transaction on Thursday, November 21st. The stock was 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 filing with the SEC, which is accessible through the SEC website. Also, Director Brett T. Agee sold 8,236 shares of Ranger Energy Services stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $16.73, for a total value of $137,788.28. Following the sale, the director now directly owns 2,350,664 shares of the company’s stock, valued at $39,326,608.72. This represents a 0.35 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 415,836 shares of company stock valued at $6,863,316. Corporate insiders own 3.00% of the company’s stock.

Ranger Energy Services Price Performance

Shares of NYSE RNGR opened at $15.24 on Tuesday. The business’s fifty day moving average price is $14.99 and its 200-day moving average price is $12.75. Ranger Energy Services, Inc. has a one year low of $9.27 and a one year high of $17.20. The stock has a market capitalization of $339.01 million, a PE ratio of 23.09 and a beta of 0.51.

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

Ranger Energy Services Announces Dividend

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