ProPetro Holding Corp. (NYSE:PUMP) Shares Acquired by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP boosted its position in ProPetro Holding Corp. (NYSE:PUMP - Free Report) by 53.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 356,038 shares of the company's stock after acquiring an additional 123,654 shares during the quarter. ExodusPoint Capital Management LP owned 0.35% of ProPetro worth $3,322,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of PUMP. Smartleaf Asset Management LLC lifted its position in shares of ProPetro by 205.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,983 shares of the company's stock worth $28,000 after buying an additional 2,005 shares during the last quarter. GAMMA Investing LLC boosted its holdings in ProPetro by 38.0% in the 4th quarter. GAMMA Investing LLC now owns 4,446 shares of the company's stock valued at $41,000 after purchasing an additional 1,225 shares in the last quarter. KBC Group NV grew its holdings in ProPetro by 90.5% during the fourth quarter. KBC Group NV now owns 8,045 shares of the company's stock worth $75,000 after acquiring an additional 3,821 shares during the period. Raymond James Financial Inc. acquired a new position in shares of ProPetro during the 4th quarter worth $94,000. Finally, Ieq Capital LLC grew its position in ProPetro by 13.0% during the fourth quarter. Ieq Capital LLC now owns 13,604 shares of the company's stock worth $127,000 after buying an additional 1,564 shares during the period. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PUMP. Stifel Nicolaus raised their price target on ProPetro from $11.00 to $12.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Benchmark reiterated a "hold" rating on shares of ProPetro in a report on Thursday, February 20th. Barclays decreased their target price 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. Finally, Citigroup lifted their target price on ProPetro from $8.00 to $10.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $10.75.

ProPetro Stock Up 1.1 %

Shares of PUMP stock traded up $0.06 during trading hours on Friday, reaching $4.99. The company had a trading volume of 1,268,356 shares, compared to its average volume of 1,567,408. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.14 and a current ratio of 1.31. ProPetro Holding Corp. has a twelve month low of $4.61 and a twelve month high of $11.17. The stock's fifty day simple moving average is $7.46 and its 200 day simple moving average is $8.27. The company has a market capitalization of $514.30 million, a P/E ratio of -3.72 and a beta of 1.58.

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.