Ranger Energy Services, Inc. (NYSE:RNGR) Stock Holdings Decreased by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its position in shares of Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 25.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 106,139 shares of the company's stock after selling 36,564 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.48% of Ranger Energy Services worth $1,643,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in Ranger Energy Services during the fourth quarter worth about $26,000. AlphaQuest LLC raised 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 acquiring an additional 2,842 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Ranger Energy Services in the 4th quarter valued at approximately $103,000. Globeflex Capital L P purchased a new stake in shares of Ranger Energy Services in the 4th quarter valued at approximately $115,000. Finally, Wells Fargo & Company MN raised 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 acquiring an additional 2,003 shares during the period. 68.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ranger Energy Services

In related news, Director Brett T. Agee sold 30,000 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $14.61, for a total value of $438,300.00. Following the completion of the sale, the director now directly owns 1,803,539 shares in the company, valued at approximately $26,349,704.79. This represents a 1.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 43,882 shares of company stock worth $639,858 in the last quarter. 2.80% of the stock is owned by insiders.

Ranger Energy Services Trading Up 0.4 %

RNGR stock traded up $0.05 on Thursday, hitting $12.22. The company's stock had a trading volume of 22,036 shares, compared to its average volume of 109,459. Ranger Energy Services, Inc. has a 1 year low of $9.27 and a 1 year high of $18.45. The firm has a 50 day moving average of $14.35 and a two-hundred day moving average of $15.00. The stock has a market cap of $272.00 million, a price-to-earnings ratio of 18.49 and a beta of 0.27.

Ranger Energy Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.06 dividend. This is a boost from Ranger Energy Services's previous quarterly dividend of $0.05. The ex-dividend date was Friday, March 14th. This represents a $0.24 annualized dividend and a yield of 1.96%. Ranger Energy Services's payout ratio is 29.27%.

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.