ProPetro Holding Corp. (NYSE:PUMP) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its holdings in shares of ProPetro Holding Corp. (NYSE:PUMP) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,583,726 shares of the company’s stock after selling 352,885 shares during the period. Vanguard Group Inc. owned 10.28% of ProPetro worth $98,746,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. American Century Companies Inc. lifted its holdings in ProPetro by 8.8% in the fourth quarter. American Century Companies Inc. now owns 3,236,135 shares of the company’s stock worth $30,193,000 after acquiring an additional 262,202 shares during the last quarter. Van ECK Associates Corp raised its position 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 worth $14,253,000 after purchasing an additional 556,747 shares during the period. Royce & Associates LP lifted its holdings in shares of ProPetro by 29.5% in the 4th quarter. Royce & Associates LP now owns 931,139 shares of the company’s stock worth $8,688,000 after purchasing an additional 212,312 shares during the last quarter. Dana Investment Advisors Inc. boosted its position in ProPetro by 6.3% during the 4th 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 period. Finally, Empowered Funds LLC grew its stake in ProPetro by 5.1% during the 4th quarter. Empowered Funds LLC now owns 554,873 shares of the company’s stock worth $5,177,000 after buying an additional 27,086 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors.

ProPetro Price Performance

NYSE PUMP opened at $5.62 on Thursday. The company has a 50 day moving average price of $7.62 and a two-hundred day moving average price of $8.31. ProPetro Holding Corp. has a 12-month low of $4.61 and a 12-month high of $11.17. The stock has a market capitalization of $579.81 million, a PE ratio of -4.19 and a beta of 1.58. The company has a quick ratio of 1.14, a current ratio of 1.31 and a debt-to-equity ratio of 0.06.

Analysts Set New Price Targets

Several research firms have commented on PUMP. Stifel Nicolaus upped their target price on shares of ProPetro from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Citigroup increased their price objective on ProPetro from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Benchmark reaffirmed a “hold” rating on shares of ProPetro in a research note on Thursday, February 20th. Finally, Barclays reduced their price target on ProPetro from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $10.75.

ProPetro Profile

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.