Franklin Resources Inc. Sells 68,400 Shares of Ranger Energy Services, Inc. (NYSE:RNGR)

Franklin Resources Inc. decreased its holdings in Ranger Energy Services, Inc. (NYSE:RNGR) by 14.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 393,700 shares of the company’s stock after selling 68,400 shares during the period. Franklin Resources Inc.’s holdings in Ranger Energy Services were worth $4,890,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its holdings in shares of Ranger Energy Services by 4.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 220,488 shares of the company’s stock valued at $2,320,000 after acquiring an additional 8,798 shares during the period. Ritholtz Wealth Management boosted its position in Ranger Energy Services by 27.9% during the second quarter. Ritholtz Wealth Management now owns 48,406 shares of the company’s stock valued at $509,000 after purchasing an additional 10,560 shares in the last quarter. Rhumbline Advisers grew its stake in Ranger Energy Services by 18.1% in the second quarter. Rhumbline Advisers now owns 23,034 shares of the company’s stock valued at $242,000 after purchasing an additional 3,528 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Ranger Energy Services by 4.2% in the second quarter. Victory Capital Management Inc. now owns 38,834 shares of the company’s stock worth $409,000 after purchasing an additional 1,576 shares in the last quarter. Finally, Foundry Partners LLC lifted its position in shares of Ranger Energy Services by 36.3% during the second quarter. Foundry Partners LLC now owns 409,576 shares of the company’s stock valued at $4,309,000 after buying an additional 109,081 shares during the last quarter. Hedge funds and other institutional investors own 68.10% of the company’s stock.

Ranger Energy Services Stock Performance

NYSE:RNGR opened at $14.32 on Tuesday. The company’s 50-day simple moving average is $14.72 and its 200-day simple moving average is $12.56. Ranger Energy Services, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $17.20. The stock has a market capitalization of $318.55 million, a P/E ratio of 21.70 and a beta of 0.51.

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

Ranger Energy Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.20 annualized dividend and a dividend yield of 1.40%. Ranger Energy Services’s dividend payout ratio (DPR) is currently 30.30%.

Insider Activity at Ranger Energy Services

In related news, Director Brett T. Agee sold 91,488 shares of Ranger Energy Services stock in a transaction on Monday, November 25th. The shares were sold at an average price of $16.68, for a total value of $1,526,019.84. Following the sale, the director now owns 2,446,155 shares of the company’s stock, valued at approximately $40,801,865.40. This trade represents a 3.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brett T. Agee sold 61,905 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $16.67, for a total transaction of $1,031,956.35. Following the completion of the sale, the director now directly owns 31,905 shares of the company’s stock, valued at approximately $531,856.35. The trade was a 65.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 415,836 shares of company stock valued at $6,863,316 in the last three months. 2.00% of the stock is owned by insiders.

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.