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

BNP Paribas Financial Markets raised its position in shares of Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 916.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 approximately 0.16% of Ranger Energy Services worth $563,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RNGR. Royce & Associates LP increased its holdings in Ranger Energy Services by 5.8% in the 4th quarter. Royce & Associates LP now owns 1,038,772 shares of the company's stock valued at $16,080,000 after purchasing an additional 56,774 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Ranger Energy Services by 7.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,034,476 shares of the company's stock worth $16,013,000 after buying an additional 75,088 shares during the period. American Century Companies Inc. grew its stake in shares of Ranger Energy Services by 12.4% in 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 in the last quarter. Geode Capital Management LLC grew its stake in shares of Ranger Energy Services by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 355,976 shares of the company's stock valued at $5,511,000 after buying an additional 4,183 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings 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 valued at $4,471,000 after buying an additional 102,313 shares during the period. 68.10% of the stock is currently owned by institutional investors and hedge funds.

Ranger Energy Services Price Performance

Ranger Energy Services stock traded up $0.30 during midday trading on Thursday, hitting $11.08. 119,395 shares of the company were exchanged, compared to its average volume of 109,954. The company has a market cap of $249.35 million, a PE ratio of 16.79 and a beta of 0.33. Ranger Energy Services, Inc. has a fifty-two week low of $9.57 and a fifty-two week high of $18.45. The company's fifty day moving average price is $12.18 and its 200-day moving average price is $14.73.

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

Ranger Energy Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were given a $0.06 dividend. The ex-dividend date was Friday, May 9th. This represents a $0.24 dividend on an annualized basis and a yield of 2.17%. Ranger Energy Services's payout ratio is currently 27.27%.

Insider Activity

In other news, Director Brett T. Agee sold 30,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $14.61, for a total transaction of $438,300.00. Following the completion of the transaction, the director now directly owns 1,803,539 shares in the company, valued at approximately $26,349,704.79. This represents a 1.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold 43,882 shares of company stock worth $639,858 over the last ninety days. Corporate insiders own 2.80% of the company's stock.

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.