Prudential Financial Inc. Purchases 110,907 Shares of Ranger Energy Services, Inc. (NYSE:RNGR)

Prudential Financial Inc. grew its position in Ranger Energy Services, Inc. (NYSE:RNGR) by 102.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 219,222 shares of the company’s stock after purchasing an additional 110,907 shares during the quarter. Prudential Financial Inc. owned approximately 0.99% of Ranger Energy Services worth $3,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of RNGR. SG Americas Securities LLC boosted 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 during the period. AlphaQuest LLC boosted its stake in shares of Ranger Energy Services by 77.1% in the fourth quarter. AlphaQuest LLC now owns 6,529 shares of the company’s stock worth $101,000 after acquiring an additional 2,842 shares during the period. Empowered Funds LLC grew its position in shares of Ranger Energy Services by 5.1% during the fourth quarter. Empowered Funds LLC now owns 130,625 shares of the company’s stock worth $2,022,000 after purchasing an additional 6,381 shares in the last quarter. Quantbot Technologies LP bought a new stake in Ranger Energy Services during the 4th quarter valued at approximately $103,000. Finally, Globeflex Capital L P purchased a new position in Ranger Energy Services in the 4th quarter worth approximately $115,000. 68.10% of the stock is owned by hedge funds and other institutional investors.

Ranger Energy Services Price Performance

Shares of RNGR opened at $14.33 on Wednesday. The firm has a market cap of $318.80 million, a P/E ratio of 21.71 and a beta of 0.56. Ranger Energy Services, Inc. has a 1 year low of $9.27 and a 1 year high of $18.45. The company has a 50 day simple moving average of $16.08 and a two-hundred day simple moving average of $15.02.

Ranger Energy Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.68%. This is a boost 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 dividend payout ratio (DPR) is presently 29.27%.

Insider Buying and Selling at Ranger Energy Services

In other news, Director Brett T. Agee sold 13,343 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $14.52, for a total transaction of $193,740.36. Following the completion of the transaction, the director now owns 1,782,232 shares in the company, valued at $25,878,008.64. This trade represents a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 43,882 shares of company stock worth $639,858. Insiders own 3.00% of the company’s stock.

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.