Ranger Energy Services, Inc. (NYSE:RNGR) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in Ranger Energy Services, Inc. (NYSE:RNGR) by 502.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,153 shares of the company’s stock after buying an additional 35,157 shares during the period. JPMorgan Chase & Co. owned approximately 0.19% of Ranger Energy Services worth $653,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of RNGR. AlphaQuest LLC increased its position in Ranger Energy Services by 77.1% during the 4th quarter. AlphaQuest LLC now owns 6,529 shares of the company’s stock worth $101,000 after purchasing an additional 2,842 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Ranger Energy Services in the fourth quarter worth $103,000. Globeflex Capital L P acquired a new stake in shares of Ranger Energy Services in the fourth quarter valued at about $115,000. SG Americas Securities LLC lifted its holdings in Ranger Energy Services by 17.2% in the 4th quarter. SG Americas Securities LLC now owns 14,417 shares of the company’s stock worth $223,000 after buying an additional 2,114 shares in the last quarter. Finally, Semanteon Capital Management LP bought a new position in Ranger Energy Services during the 4th quarter valued at $287,000. 68.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Brett T. Agee sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $14.61, for a total transaction of $438,300.00. Following the transaction, the director now directly owns 1,803,539 shares of the company’s stock, valued at approximately $26,349,704.79. The trade was a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 43,882 shares of company stock worth $639,858. 2.80% of the stock is owned by company insiders.

Ranger Energy Services Price Performance

Shares of RNGR opened at $12.59 on Wednesday. Ranger Energy Services, Inc. has a 12-month low of $9.27 and a 12-month high of $18.45. The business’s fifty day moving average price is $13.90 and its 200 day moving average price is $15.02. The stock has a market capitalization of $280.17 million, a PE ratio of 19.08 and a beta of 0.27.

Ranger Energy Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.06 dividend. This is a positive change from Ranger Energy Services’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date was Friday, March 14th. Ranger Energy Services’s dividend payout ratio is currently 29.27%.

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.