Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee Sells 30,000 Shares of Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 30,000 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $14.61, for a total transaction of $438,300.00. Following the completion of the sale, the director now directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Ranger Energy Services Price Performance

RNGR stock opened at $14.23 on Friday. The firm’s fifty day simple moving average is $16.61 and its 200-day simple moving average is $14.78. The company has a market capitalization of $316.52 million, a P/E ratio of 21.56 and a beta of 0.56. Ranger Energy Services, Inc. has a 12 month low of $9.27 and a 12 month high of $18.45.

Ranger Energy Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.06 dividend. This is an increase from Ranger Energy Services’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, March 14th. Ranger Energy Services’s dividend payout ratio is 29.27%.

Institutional Trading of Ranger Energy Services

Large investors have recently made changes to their positions in the business. Quest Partners LLC lifted its stake in shares of Ranger Energy Services by 24.4% in the 3rd quarter. Quest Partners LLC now owns 3,687 shares of the company’s stock valued at $44,000 after purchasing an additional 723 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Ranger Energy Services in the 4th quarter valued at $26,000. Wells Fargo & Company MN lifted its stake in shares of Ranger Energy Services by 27.9% in the 4th quarter. Wells Fargo & Company MN now owns 9,195 shares of the company’s stock valued at $142,000 after purchasing an additional 2,003 shares during the period. SG Americas Securities LLC lifted its stake in shares of Ranger Energy Services by 17.2% in the 4th quarter. SG Americas Securities LLC now owns 14,417 shares of the company’s stock valued at $223,000 after purchasing an additional 2,114 shares during the period. Finally, AlphaQuest LLC lifted its stake in shares of Ranger Energy Services by 77.1% in the 4th quarter. AlphaQuest LLC now owns 6,529 shares of the company’s stock valued at $101,000 after purchasing an additional 2,842 shares during the period. 68.10% of the stock is owned by hedge funds and other institutional investors.

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.