Ranger Energy Services, Inc. (NYSE:RNGR) Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership grew its stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR) by 54.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 288,805 shares of the company’s stock after purchasing an additional 102,313 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Ranger Energy Services were worth $4,471,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of Ranger Energy Services by 502.5% during the fourth quarter. JPMorgan Chase & Co. now owns 42,153 shares of the company’s stock valued at $653,000 after purchasing an additional 35,157 shares in the last quarter. EntryPoint Capital LLC purchased a new position in shares of Ranger Energy Services in the fourth quarter worth approximately $308,000. Prudential Financial Inc. grew its position in Ranger Energy Services by 102.4% during the 4th quarter. Prudential Financial Inc. now owns 219,222 shares of the company’s stock worth $3,394,000 after purchasing an additional 110,907 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in Ranger Energy Services during the fourth quarter valued at $3,756,000. Finally, American Century Companies Inc. increased its holdings in shares of Ranger Energy Services by 12.4% in the 4th quarter. American Century Companies Inc. now owns 408,927 shares of the company’s stock valued at $6,330,000 after purchasing an additional 45,074 shares during the period. 68.10% of the stock is owned by institutional investors and hedge funds.

Ranger Energy Services Stock Down 2.7 %

Shares of NYSE:RNGR opened at $11.32 on Wednesday. The firm has a market capitalization of $251.90 million, a P/E ratio of 17.15 and a beta of 0.27. Ranger Energy Services, Inc. has a 12-month low of $9.27 and a 12-month high of $18.45. The firm has a fifty day moving average of $15.47 and a two-hundred day moving average of $15.00.

Ranger Energy Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.12%. This is a positive change from Ranger Energy Services’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, March 14th. Ranger Energy Services’s payout ratio is currently 29.27%.

Insider Activity at Ranger Energy Services

In other Ranger Energy Services news, Director Brett T. Agee sold 13,343 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $14.52, for a total value of $193,740.36. Following the completion of the sale, the director now directly owns 1,782,232 shares of the company’s stock, valued at $25,878,008.64. The trade was a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 43,882 shares of company stock valued at $639,858. 3.00% of the stock is owned by corporate insiders.

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.