1 week Ago By ABMN Staff
Arrowstreet Capital Limited Partnership cut its holdings in ProPetro Holding Corp. ( NYSE:PUMP – Free Report ) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 1,010,755 shares of the company’s stock after selling 47,026 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in ProPetro were worth $9,430,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also added to or reduced their stakes in PUMP.
Barclays PLC lifted its holdings in shares of ProPetro by 109.2% in the third quarter. Barclays PLC now owns 242,057 shares of the company’s stock worth $1,855,000 after buying an additional 126,346 shares in the last quarter.
B. Riley Wealth Advisors Inc. increased its holdings in ProPetro by 209.
2% in the 3rd quarter. B. Riley Wealth Advisors Inc.
now owns 272,374 shares of the company’s stock valued at $2,115,000 after acquiring an additional 184,273 shares during the last quarter. Point72 Asset Management L.P.
bought a new position in shares of ProPetro during the 3rd quarter valued at about $3,525,000. HighTower Advisors LLC bought a new position in shares of ProPetro during the 3rd quarter valued at about $197,000. Finally, New York State Common Retirement Fund grew its position in shares of ProPetro by 46.
9% during the fourth quarter. New York State Common Retirement Fund now owns 23,498 shares of the company’s stock valued at $219,000 after purchasing an additional 7,502 shares in the last quarter. 84.
70% of the stock is currently owned by institutional investors. Analyst Ratings Changes PUMP has been the subject of a number of research reports. Benchmark reissued a “hold” rating on shares of ProPetro in a research note on Thursday, February 20th.
Stifel Nicolaus upped their price objective on ProPetro from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, February 21st.
Barclays cut their target price on shares of ProPetro from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Monday, March 3rd.
Finally, Citigroup boosted their price target on shares of ProPetro from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th.
Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, ProPetro currently has a consensus rating of “Hold” and a consensus price target of $10.
75. ProPetro Trading Down 16.2 % Shares of PUMP stock opened at $5.
26 on Monday. The company has a market cap of $542.15 million, a PE ratio of -3.
92 and a beta of 1.58. ProPetro Holding Corp.
has a 1 year low of $5.13 and a 1 year high of $11.17.
The stock’s 50 day simple moving average is $8.02 and its two-hundred day simple moving average is $8.42.
The company has a debt-to-equity ratio of 0.06, a current ratio of 1.31 and a quick ratio of 1.
14. About ProPetro ( Free Report ) ProPetro Holding Corp. operates as an integrated oilfield services company.
The company provides hydraulic fracturing, wireline, cementing, and other complementary oilfield completion services to upstream oil and gas companies in the Permian Basin. ProPetro Holding Corp. was founded in 2007 and is headquartered in Midland, Texas.
Featured Stories Want to see what other hedge funds are holding PUMP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProPetro Holding Corp. ( NYSE:PUMP – Free Report ).
Receive News & Ratings for ProPetro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProPetro and related companies with MarketBeat.com's FREE daily email newsletter ..
