ProPetro Holding Corp. (NYSE:PUMP) Shares Sold by Invesco Ltd.

Invesco Ltd. reduced its position in shares of ProPetro Holding Corp. (NYSE:PUMP - Free Report) by 50.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 920,225 shares of the company's stock after selling 939,684 shares during the quarter. Invesco Ltd. owned approximately 0.89% of ProPetro worth $8,586,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake 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 valued at $28,000 after purchasing an additional 2,005 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of 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 during the period. KBC Group NV boosted its position in shares of ProPetro by 90.5% during the fourth quarter. KBC Group NV now owns 8,045 shares of the company's stock valued at $75,000 after purchasing an additional 3,821 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in ProPetro in the fourth quarter worth $94,000. Finally, Ieq Capital LLC grew its stake in ProPetro by 13.0% in the fourth quarter. Ieq Capital LLC now owns 13,604 shares of the company's stock worth $127,000 after purchasing an additional 1,564 shares during the period. Hedge funds and other institutional investors own 84.70% of the company's stock.

ProPetro Price Performance

PUMP stock traded up $0.11 on Friday, reaching $5.31. The company had a trading volume of 1,225,085 shares, compared to its average volume of 1,560,881. The company has a market cap of $551.09 million, a P/E ratio of -3.96 and a beta of 1.58. 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 1 year low of $4.61 and a 1 year high of $11.17. The company's fifty day moving average is $6.73 and its 200 day moving average is $8.07.

Wall Street Analyst Weigh In

PUMP has been the topic of several 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 report on Friday, February 21st. Barclays dropped their price objective on shares of ProPetro from $12.00 to $11.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Citigroup increased their price objective on ProPetro from $8.00 to $10.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Finally, Benchmark reiterated a "hold" rating on shares of ProPetro in a research note on Thursday, February 20th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $10.75.

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.