ProPetro Holding Corp. (NYSE:PUMP) Stock Holdings Lifted by Wellington Management Group LLP

Wellington Management Group LLP lifted its holdings in ProPetro Holding Corp. (NYSE:PUMPFree Report) by 6.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 700,366 shares of the company’s stock after buying an additional 42,383 shares during the quarter. Wellington Management Group LLP owned approximately 0.64% of ProPetro worth $7,445,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its position in ProPetro by 14.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 9,493 shares of the company’s stock valued at $77,000 after purchasing an additional 1,163 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in ProPetro by 19.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,147 shares of the company’s stock valued at $67,000 after purchasing an additional 1,327 shares during the last quarter. Alliancebernstein L.P. lifted its position in ProPetro by 1.2% in the 4th quarter. Alliancebernstein L.P. now owns 109,402 shares of the company’s stock valued at $1,134,000 after purchasing an additional 1,344 shares during the last quarter. Advisor Partners II LLC lifted its position in ProPetro by 7.1% in the 4th quarter. Advisor Partners II LLC now owns 20,505 shares of the company’s stock valued at $213,000 after purchasing an additional 1,358 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in ProPetro by 13.9% in the 2nd quarter. Captrust Financial Advisors now owns 11,125 shares of the company’s stock valued at $111,000 after purchasing an additional 1,360 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PUMP shares. TheStreet downgraded shares of ProPetro from a “b-” rating to a “c+” rating in a research report on Monday, January 8th. Benchmark cut shares of ProPetro from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th.

Check Out Our Latest Analysis on ProPetro

ProPetro Stock Up 1.4 %

ProPetro stock opened at $7.79 on Tuesday. The stock has a market cap of $837.97 million, a price-to-earnings ratio of 10.53 and a beta of 2.13. The company has a current ratio of 1.15, a quick ratio of 1.08 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average price is $7.76 and its two-hundred day moving average price is $8.83. ProPetro Holding Corp. has a 52 week low of $6.33 and a 52 week high of $11.37.

ProPetro (NYSE:PUMPGet Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.24). The business had revenue of $347.80 million during the quarter, compared to analyst estimates of $351.50 million. ProPetro had a return on equity of 10.26% and a net margin of 5.25%. The business’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 EPS. On average, analysts expect that ProPetro Holding Corp. will post 0.49 EPS for the current fiscal year.

ProPetro Profile

(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.

Further Reading

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Institutional Ownership by Quarter for ProPetro (NYSE:PUMP)

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