Prudential Financial Inc. Grows Stock Holdings in Ranger Energy Services, Inc. (NYSE:RNGR)

Prudential Financial Inc. grew its holdings in Ranger Energy Services, Inc. (NYSE:RNGR) by 102.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 219,222 shares of the company’s stock after buying an additional 110,907 shares during the period. Prudential Financial Inc.’s holdings in Ranger Energy Services were worth $3,394,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Hillsdale Investment Management Inc. bought a new position in shares of Ranger Energy Services in the 4th quarter valued at about $3,756,000. Acuitas Investments LLC purchased a new stake in Ranger Energy Services during the fourth quarter valued at approximately $2,294,000. 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 valued at $16,080,000 after purchasing an additional 56,774 shares during the last quarter. American Century Companies Inc. boosted its holdings 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 worth $6,330,000 after purchasing an additional 45,074 shares during the period. Finally, Ritholtz Wealth Management raised its holdings in Ranger Energy Services by 58.2% during the 4th quarter. Ritholtz Wealth Management now owns 97,559 shares of the company’s stock valued at $1,510,000 after buying an additional 35,904 shares during the period. 68.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Ranger Energy Services news, Director Brett T. Agee sold 30,000 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $14.61, for a total value of $438,300.00. Following the sale, 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 SEC, which is available at this hyperlink. Insiders have sold 43,882 shares of company stock valued at $639,858 in the last ninety days. 3.00% of the stock is owned by company insiders.

Ranger Energy Services Stock Up 1.0 %

NYSE RNGR opened at $14.33 on Wednesday. Ranger Energy Services, Inc. has a 52 week low of $9.27 and a 52 week high of $18.45. The firm has a market capitalization of $318.80 million, a price-to-earnings ratio of 21.71 and a beta of 0.56. The company has a fifty day moving average of $16.08 and a two-hundred day moving average of $15.02.

Ranger Energy Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.68%. This is an increase from Ranger Energy Services’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, March 14th. Ranger Energy Services’s dividend payout ratio is presently 29.27%.

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.