BNP Paribas Financial Markets Purchases 32,771 Shares of Ranger Energy Services, Inc. (NYSE:RNGR)

BNP Paribas Financial Markets grew its position in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 916.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,348 shares of the company's stock after acquiring an additional 32,771 shares during the period. BNP Paribas Financial Markets owned about 0.16% of Ranger Energy Services worth $563,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new stake in Ranger Energy Services in the 4th quarter valued at about $26,000. Wells Fargo & Company MN increased its position in Ranger Energy Services by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 9,195 shares of the company's stock worth $142,000 after purchasing an additional 2,003 shares in the last quarter. SG Americas Securities LLC increased its position 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 valued at $223,000 after acquiring an additional 2,114 shares during the period. AlphaQuest LLC increased its position in 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 acquiring an additional 2,842 shares during the period. Finally, Invesco Ltd. increased its position in Ranger Energy Services by 7.6% in the 4th quarter. Invesco Ltd. now owns 52,470 shares of the company's stock valued at $812,000 after acquiring an additional 3,711 shares during the period. Institutional investors own 68.10% of the company's stock.

Insider Buying and Selling

In other news, Director Brett T. Agee sold 30,000 shares of Ranger Energy Services stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $14.61, for a total value of $438,300.00. Following the completion of the transaction, the director now owns 1,803,539 shares in the company, valued at $26,349,704.79. This trade represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 43,882 shares of company stock worth $639,858. Insiders own 2.80% of the company's stock.

Ranger Energy Services Stock Performance

Shares of NYSE:RNGR traded down $0.28 during trading on Wednesday, reaching $10.88. The stock had a trading volume of 50,985 shares, compared to its average volume of 109,808. The firm's fifty day moving average is $12.31 and its 200 day moving average is $14.79. Ranger Energy Services, Inc. has a 52 week low of $9.57 and a 52 week high of $18.45. The stock has a market cap of $244.78 million, a price-to-earnings ratio of 16.49 and a beta of 0.33.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.10). Ranger Energy Services had a return on equity of 5.54% and a net margin of 2.54%. The business had revenue of $135.20 million for the quarter, compared to analyst estimates of $137.50 million.

Ranger Energy Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.24 dividend on an annualized basis and a yield of 2.21%. Ranger Energy Services's dividend payout ratio (DPR) is presently 27.27%.

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.