BNP Paribas Financial Markets Raises Position in Ranger Energy Services, Inc. (NYSE:RNGR)

BNP Paribas Financial Markets boosted its position in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 916.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,348 shares of the company's stock after purchasing an additional 32,771 shares during the period. BNP Paribas Financial Markets owned about 0.16% of Ranger Energy Services worth $563,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Royce & Associates LP lifted its stake in shares of Ranger Energy Services by 5.8% in the 4th quarter. Royce & Associates LP now owns 1,038,772 shares of the company's stock worth $16,080,000 after purchasing an additional 56,774 shares during the period. Dimensional Fund Advisors LP increased its holdings in Ranger Energy Services by 7.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,034,476 shares of the company's stock valued at $16,013,000 after buying an additional 75,088 shares during the last quarter. American Century Companies Inc. increased its holdings in Ranger Energy Services by 12.4% during the fourth quarter. American Century Companies Inc. now owns 408,927 shares of the company's stock valued at $6,330,000 after buying an additional 45,074 shares during the last quarter. Geode Capital Management LLC raised its position in Ranger Energy Services by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 355,976 shares of the company's stock worth $5,511,000 after acquiring an additional 4,183 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Ranger Energy Services by 54.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 288,805 shares of the company's stock worth $4,471,000 after acquiring an additional 102,313 shares during the last quarter. 68.10% of the stock is owned by hedge funds and other institutional investors.

Ranger Energy Services Stock Performance

Shares of RNGR stock traded up $0.14 during mid-day trading on Thursday, reaching $10.92. 39,984 shares of the company's stock traded hands, compared to its average volume of 109,794. The firm has a market capitalization of $245.57 million, a PE ratio of 16.54 and a beta of 0.33. Ranger Energy Services, Inc. has a 12 month low of $9.57 and a 12 month high of $18.45. The firm has a 50 day moving average price of $12.25 and a two-hundred day moving average price of $14.76.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last released its earnings results 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). The company had revenue of $135.20 million for the quarter, compared to analysts' expectations of $137.50 million. Ranger Energy Services had a net margin of 2.54% and a return on equity of 5.54%.

Ranger Energy Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Friday, May 9th. Ranger Energy Services's dividend payout ratio is 27.27%.

Insiders Place Their Bets

In related news, Director Brett T. Agee sold 13,343 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $14.52, for a total value of $193,740.36. Following the transaction, the director now directly owns 1,782,232 shares of the company's stock, valued at approximately $25,878,008.64. The trade was a 0.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 43,882 shares of company stock worth $639,858. Company insiders own 2.80% 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.