ProPetro Holding Corp. (NYSE:PUMP) Shares Sold by Jump Financial LLC

Jump Financial LLC cut its holdings in shares of ProPetro Holding Corp. (NYSE:PUMP - Free Report) by 30.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,051 shares of the company's stock after selling 54,438 shares during the period. Jump Financial LLC owned 0.12% of ProPetro worth $1,157,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in ProPetro by 38.0% during the 4th quarter. GAMMA Investing LLC now owns 4,446 shares of the company's stock worth $41,000 after purchasing an additional 1,225 shares during the period. Corient Private Wealth LLC raised its position in shares of ProPetro by 8.7% during the 4th quarter. Corient Private Wealth LLC now owns 17,591 shares of the company's stock worth $164,000 after purchasing an additional 1,405 shares during the last quarter. Ieq Capital LLC boosted its stake in shares of 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 acquiring an additional 1,564 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of 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 buying an additional 2,005 shares in the last quarter. Finally, Sterling Capital Management LLC raised its holdings in ProPetro by 5.8% in the 4th quarter. Sterling Capital Management LLC now owns 46,415 shares of the company's stock valued at $433,000 after acquiring an additional 2,535 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company's stock.

ProPetro Trading Up 2.0 %

NYSE PUMP traded up $0.11 during trading on Friday, hitting $5.31. The stock had a trading volume of 807,810 shares, compared to its average volume of 1,560,780. The company has a market capitalization of $550.57 million, a PE ratio of -3.94 and a beta of 1.58. ProPetro Holding Corp. has a twelve month low of $4.61 and a twelve month high of $11.17. 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 50 day moving average price of $6.80 and a 200 day moving average price of $8.09.

Analysts Set New Price Targets

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