Russell Investments Group Ltd. Has $5.32 Million Position in ProPetro Holding Corp. (NYSE:PUMP)

Russell Investments Group Ltd. lowered its position in shares of ProPetro Holding Corp. (NYSE:PUMP - Free Report) by 21.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 569,812 shares of the company's stock after selling 159,435 shares during the period. Russell Investments Group Ltd. owned 0.55% of ProPetro worth $5,316,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of ProPetro by 3.5% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 594,467 shares of the company's stock valued at $5,546,000 after buying an additional 20,100 shares during the last quarter. Wells Fargo & Company MN raised its stake in ProPetro by 82.9% during the 4th quarter. Wells Fargo & Company MN now owns 76,870 shares of the company's stock valued at $717,000 after acquiring an additional 34,831 shares in the last quarter. ExodusPoint Capital Management LP grew its stake in shares of ProPetro by 53.2% in the fourth quarter. ExodusPoint Capital Management LP now owns 356,038 shares of the company's stock worth $3,322,000 after purchasing an additional 123,654 shares in the last quarter. Brandywine Global Investment Management LLC acquired a new position in shares of ProPetro during the fourth quarter valued at $2,937,000. Finally, New Age Alpha Advisors LLC bought a new stake in shares of ProPetro during the fourth quarter valued at about $1,020,000. Institutional investors and hedge funds own 84.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Citigroup boosted their target price on ProPetro from $8.00 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Stifel Nicolaus boosted their price target on shares of ProPetro from $11.00 to $12.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Benchmark reaffirmed a "hold" rating on shares of ProPetro in a research note on Thursday, February 20th. Finally, Barclays cut their target price 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. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $10.75.

ProPetro Trading Up 4.0 %

Shares of PUMP traded up $0.21 during midday trading on Friday, hitting $5.40. The stock had a trading volume of 1,327,241 shares, compared to its average volume of 1,553,692. ProPetro Holding Corp. has a fifty-two week low of $4.61 and a fifty-two week high of $11.17. The business has a 50-day simple moving average of $7.10 and a two-hundred day simple moving average of $8.18. The company has a current ratio of 1.31, a quick ratio of 1.14 and a debt-to-equity ratio of 0.06. The firm has a market cap of $560.02 million, a P/E ratio of -4.03 and a beta of 1.58.

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.