Prudential Financial Inc. Has $3.39 Million Stock Holdings in Ranger Energy Services, Inc. (NYSE:RNGR)

Prudential Financial Inc. grew its holdings in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 102.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 219,222 shares of the company's stock after acquiring an additional 110,907 shares during the quarter. Prudential Financial Inc. owned 0.99% of Ranger Energy Services worth $3,394,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of RNGR. State Street Corp raised its stake in Ranger Energy Services by 2.5% in the 3rd quarter. State Street Corp now owns 323,244 shares of the company's stock worth $3,850,000 after purchasing an additional 8,008 shares in the last quarter. Barclays PLC increased its holdings in shares of Ranger Energy Services by 82.9% during the third quarter. Barclays PLC now owns 33,404 shares of the company's stock worth $398,000 after purchasing an additional 15,139 shares during the period. Geode Capital Management LLC raised its position in shares of Ranger Energy Services by 3.5% in the third quarter. Geode Capital Management LLC now owns 351,793 shares of the company's stock valued at $4,190,000 after buying an additional 11,921 shares in the last quarter. Ritholtz Wealth Management boosted its stake in shares of Ranger Energy Services by 58.2% in the fourth 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. Finally, SG Americas Securities LLC grew its position in Ranger Energy Services by 17.2% during the fourth quarter. SG Americas Securities LLC now owns 14,417 shares of the company's stock worth $223,000 after buying an additional 2,114 shares in the last quarter. 68.10% of the stock is currently owned by institutional investors and hedge funds.

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Ranger Energy Services Stock Down 10.7 %

Shares of NYSE:RNGR traded down $1.42 during trading on Friday, reaching $11.79. 261,691 shares of the company traded hands, compared to its average volume of 109,742. The firm has a market capitalization of $262.36 million, a PE ratio of 17.86 and a beta of 0.27. Ranger Energy Services, Inc. has a 52 week low of $9.27 and a 52 week high of $18.45. The company's 50 day moving average is $15.81 and its two-hundred day moving average is $15.02.

Ranger Energy Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.06 per share. This is a boost from Ranger Energy Services's previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.24 annualized dividend and a yield of 2.04%. Ranger Energy Services's dividend payout ratio is currently 29.27%.

Insiders Place Their Bets

In other Ranger Energy Services news, Director Brett T. Agee sold 13,343 shares of the company's stock in a transaction 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 directly owns 1,782,232 shares in the company, valued at $25,878,008.64. This represents a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 43,882 shares of company stock worth $639,858 over the last ninety days. Corporate insiders own 3.00% of the company's stock.

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.