BNP Paribas Financial Markets Boosts Stock Holdings in Ranger Energy Services, Inc. (NYSE:RNGR)

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

Other hedge funds have also bought and sold shares of the company. SG Americas Securities LLC boosted its position in Ranger Energy Services by 17.2% during the fourth 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 last quarter. Empowered Funds LLC lifted its stake in shares of Ranger Energy Services by 5.1% in the 4th quarter. Empowered Funds LLC now owns 130,625 shares of the company's stock valued at $2,022,000 after purchasing an additional 6,381 shares during the period. Acuitas Investments LLC bought a new stake in shares of Ranger Energy Services during the 4th quarter valued at about $2,294,000. Bailard Inc. bought a new stake in shares of Ranger Energy Services during the 4th quarter valued at about $338,000. Finally, Raymond James Financial Inc. acquired a new stake in Ranger Energy Services during the fourth quarter worth approximately $318,000. Institutional investors own 68.10% of the company's stock.

Insider Activity at Ranger Energy Services

In related news, Director Brett T. Agee sold 30,000 shares of Ranger Energy Services stock in a transaction on 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 sale, the director now owns 1,803,539 shares of the company's stock, valued at approximately $26,349,704.79. This trade represents a 1.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 43,882 shares of company stock valued at $639,858 in the last three months. Corporate insiders own 2.80% of the company's stock.

Ranger Energy Services Stock Up 1.4%

RNGR traded up $0.15 during trading on Tuesday, hitting $11.14. The company's stock had a trading volume of 340,965 shares, compared to its average volume of 110,025. The firm has a market capitalization of $250.63 million, a P/E ratio of 16.88 and a beta of 0.33. Ranger Energy Services, Inc. has a twelve month low of $9.57 and a twelve month high of $18.45. The stock's fifty day moving average price is $12.38 and its 200-day moving average price is $14.82.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.05 earnings per share (EPS) 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 company had revenue of $135.20 million for the quarter, compared to the consensus estimate of $137.50 million.

Ranger Energy Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.24 annualized dividend and a dividend yield of 2.15%. Ranger Energy Services's dividend payout ratio 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.