LSV Asset Management Sells 57,400 Shares of ProPetro Holding Corp. (NYSE:PUMP)

LSV Asset Management reduced its holdings in shares of ProPetro Holding Corp. (NYSE:PUMP) by 76.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,600 shares of the company’s stock after selling 57,400 shares during the period. LSV Asset Management’s holdings in ProPetro were worth $164,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in shares of ProPetro in the 4th quarter worth $94,000. Renaissance Technologies LLC lifted its holdings in shares of ProPetro by 175.0% in the fourth quarter. Renaissance Technologies LLC now owns 239,800 shares of the company’s stock worth $2,237,000 after buying an additional 152,600 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its stake in ProPetro by 3.5% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 594,467 shares of the company’s stock worth $5,546,000 after purchasing an additional 20,100 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of ProPetro by 82.9% in the fourth quarter. Wells Fargo & Company MN now owns 76,870 shares of the company’s stock worth $717,000 after buying an additional 34,831 shares in the last quarter. Finally, ExodusPoint Capital Management LP boosted its position in shares of ProPetro by 53.2% during the 4th quarter. ExodusPoint Capital Management LP now owns 356,038 shares of the company’s stock valued at $3,322,000 after acquiring an additional 123,654 shares during the last quarter. 84.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on PUMP shares. Citigroup raised their price target on ProPetro from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Benchmark reissued a “hold” rating on shares of ProPetro in a research report on Thursday, February 20th. Stifel Nicolaus upped their target price on ProPetro from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, Barclays lowered their price target on shares of ProPetro from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $10.75.

ProPetro Stock Up 0.9 %

NYSE PUMP opened at $5.22 on Wednesday. The business has a fifty day moving average price of $7.31 and a 200 day moving average price of $8.24. The company has a market cap of $541.23 million, a P/E ratio of -3.89 and a beta of 1.58. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.14 and a current ratio of 1.31. ProPetro Holding Corp. has a one year low of $4.61 and a one year high of $11.17.

ProPetro Company 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.