ProPetro Holding Corp. (NYSE:PUMP) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP grew its stake in ProPetro Holding Corp. (NYSE:PUMPFree Report) by 66.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 74,728 shares of the company’s stock after purchasing an additional 29,870 shares during the quarter. Trexquant Investment LP owned approximately 0.07% of ProPetro worth $626,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Signaturefd LLC grew its position in shares of ProPetro by 47.1% during the 4th quarter. Signaturefd LLC now owns 7,935 shares of the company’s stock valued at $66,000 after buying an additional 2,542 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of ProPetro by 7.4% during the 3rd quarter. Hsbc Holdings PLC now owns 31,415 shares of the company’s stock valued at $334,000 after buying an additional 2,172 shares during the last quarter. Graham Capital Management L.P. bought a new stake in shares of ProPetro during the 3rd quarter valued at about $314,000. Dimensional Fund Advisors LP grew its position in shares of ProPetro by 5.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,293,490 shares of the company’s stock valued at $61,120,000 after buying an additional 378,379 shares during the last quarter. Finally, Natixis Advisors L.P. grew its position in shares of ProPetro by 28.2% during the 3rd quarter. Natixis Advisors L.P. now owns 51,902 shares of the company’s stock valued at $552,000 after buying an additional 11,420 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PUMP shares. Barclays boosted their price objective on shares of ProPetro from $12.00 to $13.00 and gave the company an “overweight” rating in a research report on Monday, May 6th. Benchmark reaffirmed a “hold” rating on shares of ProPetro in a research report on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $13.33.

Get Our Latest Report on ProPetro

Insiders Place Their Bets

In other news, COO Adam Munoz sold 42,573 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $9.28, for a total value of $395,077.44. Following the completion of the sale, the chief operating officer now directly owns 58,134 shares of the company’s stock, valued at approximately $539,483.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.88% of the stock is owned by insiders.

ProPetro Price Performance

NYSE PUMP opened at $9.57 on Friday. ProPetro Holding Corp. has a 52 week low of $6.62 and a 52 week high of $11.37. The company has a current ratio of 1.18, a quick ratio of 1.12 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 14.28 and a beta of 2.09. The company has a 50-day moving average price of $8.90 and a two-hundred day moving average price of $8.43.

ProPetro (NYSE:PUMPGet Free Report) last posted its earnings results on Wednesday, May 1st. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.08 by $0.10. ProPetro had a net margin of 4.76% and a return on equity of 7.62%. The firm had revenue of $405.84 million during the quarter, compared to analysts’ expectations of $393.11 million. During the same quarter in the prior year, the firm earned $0.40 EPS. ProPetro’s quarterly revenue was down 4.2% on a year-over-year basis. Analysts forecast that ProPetro Holding Corp. will post 0.67 EPS for the current year.

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.

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Institutional Ownership by Quarter for ProPetro (NYSE:PUMP)

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