Invesco Ltd. Has $8.59 Million Stock Position in ProPetro Holding Corp. (NYSE:PUMP)

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

A number of other large investors have also recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in shares of ProPetro by 38.0% in the fourth quarter. GAMMA Investing LLC now owns 4,446 shares of the company's stock worth $41,000 after buying an additional 1,225 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of ProPetro by 8.7% in the 4th quarter. Corient Private Wealth LLC now owns 17,591 shares of the company's stock valued at $164,000 after acquiring an additional 1,405 shares in the last quarter. Ieq Capital LLC lifted its holdings in ProPetro by 13.0% in the 4th 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 last quarter. Smartleaf Asset Management LLC boosted its position in ProPetro by 205.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,983 shares of the company's stock worth $28,000 after purchasing an additional 2,005 shares during the period. Finally, Franklin Resources Inc. grew its holdings in ProPetro by 5.8% during the third quarter. Franklin Resources Inc. now owns 61,979 shares of the company's stock valued at $513,000 after purchasing an additional 3,417 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors.

ProPetro Trading Down 1.5 %

Shares of PUMP opened at $5.08 on Thursday. The stock's 50-day moving average price is $6.87 and its 200 day moving average price is $8.12. The company has a quick ratio of 1.14, a current ratio of 1.31 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $526.70 million, a price-to-earnings ratio of -3.79 and a beta of 1.58. ProPetro Holding Corp. has a 12-month low of $4.61 and a 12-month high of $11.17.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Benchmark reaffirmed a "hold" rating on shares of ProPetro in a report on Thursday, February 20th. Barclays lowered their price target on ProPetro from $12.00 to $11.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Citigroup increased their target price on ProPetro from $8.00 to $10.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus lifted their price target on ProPetro from $11.00 to $12.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, ProPetro has a consensus rating of "Hold" and a consensus price target 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.

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