Hodges Capital Management Inc. Sells 326,525 Shares of ProPetro Holding Corp. (NYSE:PUMP)

Hodges Capital Management Inc. trimmed its stake in ProPetro Holding Corp. (NYSE:PUMP - Free Report) by 58.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 235,602 shares of the company's stock after selling 326,525 shares during the period. Hodges Capital Management Inc. owned about 0.23% of ProPetro worth $1,805,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PUMP. Pacer Advisors Inc. bought a new stake in shares of ProPetro during the second quarter worth $31,741,000. Dana Investment Advisors Inc. bought a new stake in shares of ProPetro during the second quarter worth $6,439,000. Point72 Asset Management L.P. bought a new stake in shares of ProPetro during the third quarter worth $3,525,000. American Century Companies Inc. grew its holdings in shares of ProPetro by 21.3% during the second quarter. American Century Companies Inc. now owns 2,515,579 shares of the company's stock worth $21,810,000 after purchasing an additional 441,644 shares during the last quarter. Finally, Weiss Asset Management LP bought a new stake in shares of ProPetro during the third quarter worth $2,292,000. 84.70% of the stock is currently owned by institutional investors.

ProPetro Trading Down 0.4 %

NYSE:PUMP traded down $0.03 during mid-day trading on Monday, hitting $7.88. The company had a trading volume of 756,864 shares, compared to its average volume of 1,424,434. ProPetro Holding Corp. has a fifty-two week low of $6.53 and a fifty-two week high of $10.02. The business's fifty day moving average is $7.96 and its two-hundred day moving average is $8.23. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.14 and a current ratio of 1.20. The firm has a market cap of $811.09 million, a P/E ratio of -5.92 and a beta of 2.07.

Analysts Set New Price Targets

PUMP has been the topic of several research reports. Barclays cut their price target on ProPetro from $13.00 to $12.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. JPMorgan Chase & Co. raised ProPetro from an "underweight" rating to a "neutral" rating and set a $10.00 price target on the stock in a research note on Friday. Citigroup cut their price target on ProPetro from $8.50 to $8.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. Finally, Stifel Nicolaus cut their price target on ProPetro from $12.00 to $11.00 and set a "buy" rating on the stock in a research note on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, ProPetro has a consensus rating of "Hold" and a consensus target price of $10.25.

Insider Buying and Selling at ProPetro

In other news, CFO David Scott Schorlemer acquired 4,500 shares of the firm's stock in a transaction that occurred on Monday, November 4th. The stock was acquired at an average cost of $6.86 per share, for a total transaction of $30,870.00. Following the completion of the acquisition, the chief financial officer now owns 112,992 shares in the company, valued at $775,125.12. This represents a 4.15 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.97% of the company's stock.

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.