Ranger Energy Services, Inc. (NYSE:RNGR) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its position in Ranger Energy Services, Inc. (NYSE:RNGR) by 3.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 351,793 shares of the company’s stock after purchasing an additional 11,921 shares during the quarter. Geode Capital Management LLC’s holdings in Ranger Energy Services were worth $4,190,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Quest Partners LLC lifted its holdings in Ranger Energy Services by 24.4% in the third quarter. Quest Partners LLC now owns 3,687 shares of the company’s stock valued at $44,000 after acquiring an additional 723 shares during the last quarter. Copeland Capital Management LLC purchased a new stake in Ranger Energy Services in the third quarter valued at $51,000. Acadian Asset Management LLC purchased a new stake in Ranger Energy Services in the second quarter valued at $125,000. SG Americas Securities LLC acquired a new position in shares of Ranger Energy Services in the 3rd quarter valued at $147,000. Finally, Hsbc Holdings PLC purchased a new position in shares of Ranger Energy Services during the 2nd quarter worth $134,000. Hedge funds and other institutional investors own 68.10% of the company’s stock.

Ranger Energy Services Trading Up 0.7 %

Shares of NYSE:RNGR opened at $16.43 on Monday. The company has a market capitalization of $365.49 million, a price-to-earnings ratio of 24.89 and a beta of 0.54. Ranger Energy Services, Inc. has a 12-month low of $9.27 and a 12-month high of $17.20. The business has a 50-day moving average price of $15.27 and a 200 day moving average price of $12.89.

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

Ranger Energy Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Friday, November 8th. Ranger Energy Services’s payout ratio is 30.30%.

Insiders Place Their Bets

In other Ranger Energy Services news, Director Brett T. Agee sold 19,209 shares of Ranger Energy Services stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $15.30, for a total value of $293,897.70. Following the completion of the transaction, the director now directly owns 1,843,999 shares of the company’s stock, valued at $28,213,184.70. The trade was a 1.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Brett T. Agee sold 61,905 shares of the business’s stock in a transaction dated 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 sale, the director now owns 31,905 shares in the company, valued at $531,856.35. This trade represents a 65.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 415,836 shares of company stock worth $6,863,316 over the last ninety days. Corporate insiders own 3.00% of the company’s stock.

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.