Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee Sells 13,343 Shares

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 13,343 shares of the business’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 transaction of $193,740.36. Following the completion of the sale, the director now owns 1,782,232 shares in the company, valued at $25,878,008.64. The trade was a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Ranger Energy Services Stock Up 0.3 %

Shares of NYSE:RNGR opened at $14.50 on Friday. Ranger Energy Services, Inc. has a 12-month low of $9.27 and a 12-month high of $18.45. The company has a market cap of $322.65 million, a P/E ratio of 21.97 and a beta of 0.56. The company’s fifty day moving average is $16.50 and its two-hundred day moving average is $14.83.

Ranger Energy Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.06 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.66%. This is an increase from Ranger Energy Services’s previous quarterly dividend of $0.05. Ranger Energy Services’s payout ratio is 29.27%.

Institutional Trading of Ranger Energy Services

A number of institutional investors have recently added to or reduced their stakes in the business. PharVision Advisers LLC acquired a new stake in Ranger Energy Services in the 4th quarter worth approximately $245,000. Squarepoint Ops LLC acquired a new position in Ranger Energy Services in the 4th quarter valued at $429,000. Two Sigma Advisers LP lifted its stake in shares of Ranger Energy Services by 49.4% in the fourth quarter. Two Sigma Advisers LP now owns 34,500 shares of the company’s stock valued at $534,000 after buying an additional 11,400 shares during the period. Two Sigma Investments LP grew its position in Ranger Energy Services by 60.2% during the fourth quarter. Two Sigma Investments LP now owns 77,056 shares of the company’s stock worth $1,193,000 after buying an additional 28,965 shares in the last quarter. Finally, Man Group plc bought a new position in Ranger Energy Services during the fourth quarter valued at about $887,000. 68.10% of the stock is currently owned by institutional investors and hedge funds.

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.