American Century Companies Inc. Boosts Holdings in ProPetro Holding Corp. (NYSE:PUMP)

American Century Companies Inc. increased its position in ProPetro Holding Corp. (NYSE:PUMP - Free Report) by 8.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,236,135 shares of the company's stock after purchasing an additional 262,202 shares during the period. American Century Companies Inc. owned approximately 3.14% of ProPetro worth $30,193,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Barclays PLC lifted its stake in shares of ProPetro by 109.2% in the third quarter. Barclays PLC now owns 242,057 shares of the company's stock worth $1,855,000 after buying an additional 126,346 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in ProPetro by 209.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 272,374 shares of the company's stock valued at $2,115,000 after acquiring an additional 184,273 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in ProPetro during the 3rd quarter valued at $3,525,000. HighTower Advisors LLC bought a new stake in shares of ProPetro in the 3rd quarter worth $197,000. Finally, New York State Common Retirement Fund raised its stake in shares of ProPetro by 46.9% in the fourth quarter. New York State Common Retirement Fund now owns 23,498 shares of the company's stock worth $219,000 after purchasing an additional 7,502 shares during the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.

ProPetro Stock Performance

Shares of PUMP stock traded down $0.01 during trading hours on Monday, reaching $7.38. 1,352,916 shares of the company traded hands, compared to its average volume of 1,545,446. The firm has a 50-day moving average price of $8.43 and a 200 day moving average price of $8.45. The company has a market cap of $760.87 million, a P/E ratio of -5.50 and a beta of 2.03. ProPetro Holding Corp. has a 12-month low of $6.54 and a 12-month high of $11.17. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.31 and a quick ratio of 1.14.

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Wall Street Analyst Weigh In

PUMP has been the subject of a number of recent analyst reports. Stifel Nicolaus boosted their target price on ProPetro from $11.00 to $12.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. 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 report on Monday, March 3rd. JPMorgan Chase & Co. raised shares of ProPetro from an "underweight" rating to a "neutral" rating and set a $10.00 target price for the company in a research report on Friday, December 6th. Citigroup increased their price target on ProPetro from $8.00 to $10.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Finally, Benchmark reaffirmed a "hold" rating on shares of ProPetro in a report on Thursday, February 20th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, ProPetro has a consensus rating of "Hold" and an average target price 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.