Jane Street Group LLC trimmed its stake in ProPetro Holding Corp. (NYSE:PUMP - Free Report) by 60.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 199,195 shares of the company's stock after selling 299,161 shares during the period. Jane Street Group LLC owned about 0.19% of ProPetro worth $1,526,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in PUMP. GAMMA Investing LLC boosted its holdings in ProPetro by 84.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,221 shares of the company's stock valued at $25,000 after acquiring an additional 1,473 shares during the period. Quarry LP acquired a new position in shares of ProPetro in the second quarter valued at approximately $40,000. nVerses Capital LLC increased its stake in ProPetro by 226.3% during the 3rd quarter. nVerses Capital LLC now owns 6,200 shares of the company's stock worth $47,000 after buying an additional 4,300 shares during the period. CWM LLC lifted its holdings in ProPetro by 17.2% during the 3rd quarter. CWM LLC now owns 8,624 shares of the company's stock worth $66,000 after buying an additional 1,267 shares in the last quarter. Finally, Chilton Capital Management LLC boosted its position in ProPetro by 87.1% in the 2nd quarter. Chilton Capital Management LLC now owns 8,595 shares of the company's stock valued at $75,000 after buying an additional 4,000 shares during the period. 84.70% of the stock is currently owned by institutional investors and hedge funds.
ProPetro Stock Performance
Shares of PUMP stock traded up $0.01 during trading hours on Friday, reaching $9.04. 1,203,610 shares of the company's stock were exchanged, compared to its average volume of 1,511,440. The company's 50 day moving average is $8.20 and its two-hundred day moving average is $8.23. The company has a market cap of $930.49 million, a P/E ratio of -6.80 and a beta of 2.07. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.20 and a quick ratio of 1.14. ProPetro Holding Corp. has a 1 year low of $6.53 and a 1 year high of $10.02.
Insiders Place Their Bets
In other ProPetro news, CFO David Scott Schorlemer bought 4,500 shares of the business's stock in a transaction on Monday, November 4th. The stock was bought at an average price of $6.86 per share, for a total transaction of $30,870.00. Following the completion of the transaction, the chief financial officer now owns 112,992 shares in the company, valued at approximately $775,125.12. The trade was a 4.15 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.97% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. Barclays reduced their price target on ProPetro from $13.00 to $12.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. JPMorgan Chase & Co. upgraded shares of ProPetro from an "underweight" rating to a "neutral" rating and set a $10.00 price objective for the company in a research note on Friday, December 6th. Stifel Nicolaus lowered their target price on shares of ProPetro from $12.00 to $11.00 and set a "buy" rating on the stock in a research report on Friday, October 11th. Finally, Citigroup dropped their price objective on shares of ProPetro from $8.50 to $8.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. 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.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $10.25.
Check Out Our Latest Analysis on PUMP
About ProPetro
(
Free Report)
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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