JPMorgan Chase & Co. Has $653,000 Stock Position in Ranger Energy Services, Inc. (NYSE:RNGR)

JPMorgan Chase & Co. grew its stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 502.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,153 shares of the company's stock after purchasing an additional 35,157 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.19% of Ranger Energy Services worth $653,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. bought a new stake in shares of Ranger Energy Services in the 4th quarter worth approximately $3,756,000. Acuitas Investments LLC acquired a new stake in shares of Ranger Energy Services during the 4th quarter valued at $2,294,000. Prudential Financial Inc. boosted its stake in shares of 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 acquiring an additional 110,907 shares in the last quarter. Royce & Associates LP grew its holdings 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 acquiring an additional 56,774 shares during the last quarter. Finally, American Century Companies Inc. boosted its position 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 currently owned by institutional investors.

Ranger Energy Services Stock Down 2.7 %

Shares of RNGR traded down $0.34 during trading hours on Monday, reaching $11.98. The company's stock had a trading volume of 16,136 shares, compared to its average volume of 116,764. The company has a 50 day moving average of $13.56 and a two-hundred day moving average of $15.02. The firm has a market cap of $266.68 million, a price-to-earnings ratio of 18.16 and a beta of 0.33. Ranger Energy Services, Inc. has a 1-year low of $9.27 and a 1-year high of $18.45.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last issued 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). The business had revenue of $135.20 million for the quarter, compared to the consensus estimate 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Friday, May 9th. Ranger Energy Services's dividend payout ratio is 27.27%.

Insider Activity at Ranger Energy Services

In other Ranger Energy Services news, Director Brett T. Agee sold 13,343 shares of the firm'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 sale, the director now owns 1,782,232 shares of the company's stock, valued at $25,878,008.64. This trade represents a 0.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last ninety days, insiders have sold 43,882 shares of company stock valued at $639,858. 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.