ProPetro Holding Corp. (NYSE:PUMP) Shares Sold by Hodges Capital Management Inc.

Hodges Capital Management Inc. reduced its position in shares of ProPetro Holding Corp. (NYSE:PUMP) by 20.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 562,127 shares of the company’s stock after selling 144,016 shares during the period. Hodges Capital Management Inc. owned approximately 0.52% of ProPetro worth $4,542,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund grew its stake in shares of ProPetro by 4.0% in the 4th quarter. Illinois Municipal Retirement Fund now owns 56,195 shares of the company’s stock worth $471,000 after purchasing an additional 2,171 shares during the last quarter. Hsbc Holdings PLC grew its position in ProPetro by 7.4% in the third quarter. Hsbc Holdings PLC now owns 31,415 shares of the company’s stock worth $334,000 after buying an additional 2,172 shares during the last quarter. Signaturefd LLC increased its holdings in shares of ProPetro by 47.1% in the fourth quarter. Signaturefd LLC now owns 7,935 shares of the company’s stock valued at $66,000 after buying an additional 2,542 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of ProPetro by 60.0% during the 4th quarter. Quadrant Capital Group LLC now owns 12,136 shares of the company’s stock valued at $102,000 after acquiring an additional 4,550 shares during the last quarter. Finally, Strs Ohio boosted its stake in shares of ProPetro by 8.2% during the 4th quarter. Strs Ohio now owns 68,500 shares of the company’s stock worth $574,000 after acquiring an additional 5,200 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PUMP has been the subject of several analyst reports. Barclays upped their target price on ProPetro from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Monday, May 6th. Benchmark reaffirmed a “hold” rating on shares of ProPetro in a research note on Thursday, May 2nd.

ProPetro Price Performance

PUMP opened at $8.67 on Friday. The stock has a fifty day moving average of $9.08 and a 200-day moving average of $8.38. The firm has a market capitalization of $932.89 million, a P/E ratio of 12.94 and a beta of 2.10. The company has a quick ratio of 1.12, a current ratio of 1.18 and a debt-to-equity ratio of 0.05. ProPetro Holding Corp. has a 12-month low of $6.99 and a 12-month high of $11.37.

ProPetro (NYSE:PUMP) last released its earnings results on Wednesday, May 1st. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.10. ProPetro had a net margin of 4.76% and a return on equity of 7.62%. The company had revenue of $405.84 million during the quarter, compared to the consensus estimate of $393.11 million. During the same quarter in the prior year, the firm earned $0.40 EPS. The company’s revenue was down 4.2% compared to the same quarter last year. Equities analysts forecast that ProPetro Holding Corp. will post 0.64 EPS for the current fiscal year.

Insider Buying and Selling at ProPetro

In other news, Director Michele Vion sold 7,778 shares of ProPetro stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $9.21, for a total transaction of $71,635.38. Following the completion of the sale, the director now directly owns 39,006 shares in the company, valued at approximately $359,245.26. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Michele Vion sold 7,778 shares of ProPetro stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $9.21, for a total value of $71,635.38. Following the completion of the sale, the director now owns 39,006 shares of the company’s stock, valued at approximately $359,245.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Adam Munoz sold 42,573 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $9.28, for a total transaction of $395,077.44. Following the completion of the sale, the chief operating officer now owns 58,134 shares of the company’s stock, valued at $539,483.52. The disclosure for this sale can be found here. Corporate insiders own 0.88% of the company’s stock.

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.