Northern Trust Corp Boosts Stake in Ranger Energy Services, Inc. (NYSE:RNGR)

Northern Trust Corp increased its position in Ranger Energy Services, Inc. (NYSE:RNGR) by 3.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 127,087 shares of the company’s stock after purchasing an additional 3,887 shares during the period. Northern Trust Corp owned 0.57% of Ranger Energy Services worth $1,967,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Meeder Asset Management Inc. purchased a new stake in shares of Ranger Energy Services in the 4th quarter valued at about $26,000. Quarry LP purchased a new stake in shares of Ranger Energy Services in the 4th quarter valued at about $65,000. AlphaQuest LLC lifted its holdings in shares of Ranger Energy Services by 77.1% in the 4th quarter. AlphaQuest LLC now owns 6,529 shares of the company’s stock valued at $101,000 after purchasing an additional 2,842 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Ranger Energy Services in the 4th quarter valued at about $103,000. Finally, Globeflex Capital L P purchased a new stake in shares of Ranger Energy Services in the 4th quarter valued at about $115,000. 68.10% of the stock is owned by hedge funds and other institutional investors.

Ranger Energy Services Stock Performance

Ranger Energy Services stock opened at $10.98 on Monday. The stock has a 50-day simple moving average of $12.45 and a 200-day simple moving average of $14.85. The company has a market capitalization of $246.92 million, a P/E ratio of 16.63 and a beta of 0.33. Ranger Energy Services, Inc. has a fifty-two week low of $9.57 and a fifty-two week high of $18.45.

Ranger Energy Services (NYSE:RNGR) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.10). The company had revenue of $135.20 million for the quarter, compared to analysts’ expectations of $137.50 million. Ranger Energy Services had a net margin of 2.54% and a return on equity of 5.54%.

Ranger Energy Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Friday, May 9th. Ranger Energy Services’s dividend payout ratio is presently 27.27%.

Insider Buying and Selling at Ranger Energy Services

In other news, Director Brett T. Agee sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $14.61, for a total value of $438,300.00. Following the completion of the sale, the director now directly owns 1,803,539 shares of the company’s stock, valued at $26,349,704.79. This trade represents a 1.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 43,882 shares of company stock valued at $639,858 in the last ninety days. Insiders own 2.80% 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.