Bank of New York Mellon Corp Has $2.76 Million Stock Holdings in Ranger Energy Services, Inc. (NYSE:RNGR)

Bank of New York Mellon Corp lowered its holdings in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 14.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 178,095 shares of the company's stock after selling 30,751 shares during the period. Bank of New York Mellon Corp owned approximately 0.80% of Ranger Energy Services worth $2,757,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC increased its holdings in shares of Ranger Energy Services by 15.0% during the 3rd quarter. Empowered Funds LLC now owns 124,244 shares of the company's stock valued at $1,480,000 after acquiring an additional 16,178 shares during the last quarter. Quest Partners LLC boosted its position in Ranger Energy Services by 24.4% during the third quarter. Quest Partners LLC now owns 3,687 shares of the company's stock worth $44,000 after purchasing an additional 723 shares during the period. Foundry Partners LLC grew its holdings in Ranger Energy Services by 10.1% during the third quarter. Foundry Partners LLC now owns 450,897 shares of the company's stock valued at $5,370,000 after purchasing an additional 41,321 shares during the last quarter. JB Capital Partners LP raised its position in shares of Ranger Energy Services by 46.3% in the third quarter. JB Capital Partners LP now owns 36,576 shares of the company's stock valued at $434,000 after purchasing an additional 11,576 shares during the period. Finally, State Street Corp lifted its stake in shares of Ranger Energy Services by 2.5% in the third quarter. State Street Corp now owns 323,244 shares of the company's stock worth $3,850,000 after buying an additional 8,008 shares during the last quarter. 68.10% of the stock is currently owned by institutional investors and hedge funds.

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Ranger Energy Services Price Performance

Shares of NYSE RNGR traded up $0.38 during trading hours on Monday, hitting $14.53. 83,720 shares of the stock were exchanged, compared to its average volume of 110,144. The firm has a market capitalization of $323.22 million, a P/E ratio of 22.01 and a beta of 0.56. Ranger Energy Services, Inc. has a one year low of $9.27 and a one year high of $18.45. The company's 50 day moving average is $16.47 and its 200 day moving average is $14.88.

Ranger Energy Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.65%. This is a boost from Ranger Energy Services's previous quarterly dividend of $0.05. The ex-dividend date is Friday, March 14th. Ranger Energy Services's dividend payout ratio is 29.27%.

Insider Activity

In other news, Director Brett T. Agee sold 13,343 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were 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 in the company, valued at approximately $25,878,008.64. This trade represents a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 43,882 shares of company stock valued at $639,858. 3.00% of the stock is owned by insiders.

About Ranger Energy Services

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.