1 week Ago By Defense World Staff
Arrowstreet Capital Limited Partnership cut its holdings in ProPetro Holding Corp. (NYSE:PUMP – Free Report) by 4.4% during the 4th quarter, according to 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 quarter. Arrowstreet Capital Limited Partnership owned 0.98% of ProPetro worth $9,430,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in shares of ProPetro by 8.
8% during the fourth quarter. American Century Companies Inc. now owns 3,236,135 shares of the company’s stock valued at $30,193,000 after buying an additional 262,202 shares during the last quarter.
Van ECK Associates Corp boosted its holdings in shares of ProPetro by 57.3% during the 4th quarter. Van ECK Associates Corp now owns 1,527,598 shares of the company’s stock valued at $14,253,000 after acquiring an additional 556,747 shares during the last quarter.
Royce & Associates LP grew its stake in shares of ProPetro by 29.5% in the fourth quarter. Royce & Associates LP now owns 931,139 shares of the company’s stock worth $8,688,000 after acquiring an additional 212,312 shares during the period.
Dana Investment Advisors Inc. raised its holdings in shares of ProPetro by 6.3% during the fourth quarter.
Dana Investment Advisors Inc. now owns 796,775 shares of the company’s stock valued at $7,434,000 after purchasing an additional 47,194 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in ProPetro by 5.
1% during the fourth quarter. Empowered Funds LLC now owns 554,873 shares of the company’s stock valued at $5,177,000 after purchasing an additional 27,086 shares during the period. 84.
70% of the stock is currently owned by hedge funds and other institutional investors. ProPetro Stock Down 16.2 %NYSE PUMP opened at $5.
26 on Monday. ProPetro Holding Corp. has a 52 week low of $5.
13 and a 52 week high of $11.17. The company has a quick ratio of 1.
14, a current ratio of 1.31 and a debt-to-equity ratio of 0.06.
The company has a market capitalization of $542.15 million, a P/E ratio of -3.92 and a beta of 1.
58. The stock’s 50-day moving average price is $8.02 and its 200-day moving average price is $8.
42. Analysts Set New Price TargetsA number of equities research analysts have weighed in on the stock. Benchmark reiterated a “hold” rating on shares of ProPetro in a research note on Thursday, February 20th.
Stifel Nicolaus increased their target price on ProPetro from $11.00 to $12.00 and gave the company a “buy” rating in a report on Friday, February 21st.
Citigroup boosted their price target on ProPetro from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th.
Finally, Barclays lowered their price objective on shares of ProPetro from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd.
Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, ProPetro has an average rating of “Hold” and a consensus price target of $10.75.
Read Our Latest Research Report on ProPetroAbout 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 StoriesFive stocks we like better than ProPetroInsider Trades May Not Tell You What You ThinkNewsmax’s IPO Whiplash: Meme Stock Hype or Growth Potential?How to Invest in the Best Canadian Stocks Disney 2025 Shareholders: Major Updates for InvestorsEarnings Per Share Calculator: How to Calculate EPSAdvance Auto Parts Stock: A Classic Rebound Play in the MakingWant to see what other hedge funds are holding PUMP? Visit HoldingsChannel.
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