XTX Topco Ltd Purchases Shares of 11,471 ProPetro Holding Corp. (NYSE:PUMP)

XTX Topco Ltd acquired a new position in shares of ProPetro Holding Corp. (NYSE:PUMP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,471 shares of the company’s stock, valued at approximately $99,000.

A number of other institutional investors and hedge funds have also modified their holdings of PUMP. First Eagle Investment Management LLC boosted its stake in ProPetro by 7.2% during the second quarter. First Eagle Investment Management LLC now owns 515,103 shares of the company’s stock worth $4,466,000 after buying an additional 34,700 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in shares of ProPetro during the 2nd quarter worth about $94,000. Dimensional Fund Advisors LP increased its stake in ProPetro by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 7,095,253 shares of the company’s stock valued at $61,515,000 after acquiring an additional 54,555 shares during the period. Federated Hermes Inc. raised its position in ProPetro by 8.9% in the second quarter. Federated Hermes Inc. now owns 29,912 shares of the company’s stock worth $259,000 after purchasing an additional 2,446 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in ProPetro during the second quarter worth about $146,000. 84.70% of the stock is currently owned by institutional investors.

ProPetro Stock Up 4.0 %

PUMP opened at $7.97 on Wednesday. ProPetro Holding Corp. has a twelve month low of $6.74 and a twelve month high of $11.37. The firm has a market cap of $857.03 million, a price-to-earnings ratio of 11.73 and a beta of 2.02. The firm’s 50-day simple moving average is $8.07 and its 200-day simple moving average is $8.48. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.11.

ProPetro (NYSE:PUMP) last posted its quarterly earnings data on Wednesday, July 31st. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.11). The firm had revenue of $357.00 million for the quarter, compared to analyst estimates of $361.85 million. ProPetro had a return on equity of 3.39% and a net margin of 2.21%. The business’s quarterly revenue was down 17.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 EPS. Equities research analysts anticipate that ProPetro Holding Corp. will post 0.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus lowered their price objective on ProPetro from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, July 16th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, ProPetro presently has a consensus rating of “Moderate Buy” and an average target price of $12.00.

Insiders Place Their Bets

In other news, Director Michele Vion sold 5,000 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $8.26, for a total value of $41,300.00. Following the completion of the sale, the director now directly owns 34,006 shares in the company, valued at $280,889.56. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.88% of the company’s stock.

About ProPetro

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.