Ranger Energy Services, Inc. (NYSE:RNGR) Shares Bought by Prudential Financial Inc.

Prudential Financial Inc. grew its holdings in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 102.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 219,222 shares of the company's stock after buying an additional 110,907 shares during the period. Prudential Financial Inc. owned 0.99% of Ranger Energy Services worth $3,394,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of RNGR. 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 last quarter. Quantbot Technologies LP purchased a new position in Ranger Energy Services during the fourth quarter worth about $103,000. Globeflex Capital L P purchased a new position in Ranger Energy Services during the fourth quarter worth about $115,000. SG Americas Securities LLC increased its position in shares of Ranger Energy Services by 17.2% during the fourth quarter. SG Americas Securities LLC now owns 14,417 shares of the company's stock valued at $223,000 after acquiring an additional 2,114 shares during the last quarter. Finally, Semanteon Capital Management LP purchased a new stake in shares of Ranger Energy Services in the 4th quarter valued at approximately $287,000. 68.10% of the stock is owned by hedge funds and other institutional investors.

Ranger Energy Services Stock Down 10.7 %

NYSE RNGR traded down $1.42 on Friday, reaching $11.79. The stock had a trading volume of 261,691 shares, compared to its average volume of 109,742. The stock has a fifty day moving average price of $15.81 and a two-hundred day moving average price of $15.04. Ranger Energy Services, Inc. has a 12-month low of $9.27 and a 12-month high of $18.45. The firm has a market capitalization of $262.36 million, a price-to-earnings ratio of 17.86 and a beta of 0.27.

Ranger Energy Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Ranger Energy Services's previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a yield of 2.04%. Ranger Energy Services's dividend payout ratio (DPR) is 29.27%.

Insider Buying and Selling

In related news, Director Brett T. Agee sold 30,000 shares of Ranger Energy Services stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $14.61, for a total value of $438,300.00. Following the completion of the transaction, the director now owns 1,803,539 shares in the company, valued at $26,349,704.79. The trade was a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 43,882 shares of company stock valued at $639,858 in the last three months. 3.00% of the stock is owned by corporate 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.