Smartleaf Asset Management LLC Acquires 2,005 Shares of ProPetro Holding Corp. (NYSE:PUMP)

Smartleaf Asset Management LLC lifted its holdings in shares of ProPetro Holding Corp. (NYSE:PUMP) by 205.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,983 shares of the company’s stock after acquiring an additional 2,005 shares during the period. Smartleaf Asset Management LLC’s holdings in ProPetro were worth $28,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in ProPetro by 38.0% during the 4th quarter. GAMMA Investing LLC now owns 4,446 shares of the company’s stock valued at $41,000 after purchasing an additional 1,225 shares during the last quarter. KBC Group NV lifted its holdings in ProPetro by 90.5% during the 4th quarter. KBC Group NV now owns 8,045 shares of the company’s stock valued at $75,000 after purchasing an additional 3,821 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in ProPetro during the 3rd quarter valued at about $77,000. Ieq Capital LLC lifted its holdings in ProPetro by 13.0% during the 4th quarter. Ieq Capital LLC now owns 13,604 shares of the company’s stock valued at $127,000 after purchasing an additional 1,564 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new position in ProPetro during the 3rd quarter valued at about $134,000. 84.70% of the stock is owned by institutional investors.

ProPetro Trading Up 1.1 %

PUMP opened at $6.96 on Thursday. ProPetro Holding Corp. has a 1-year low of $6.53 and a 1-year high of $11.17. The firm has a 50-day moving average price of $9.16 and a two-hundred day moving average price of $8.48. 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 stock has a market capitalization of $717.95 million, a PE ratio of -5.19 and a beta of 2.03.

Analyst Ratings Changes

PUMP has been the subject of several analyst reports. Citigroup lifted their price target 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 cut their price target on shares of ProPetro from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. JPMorgan Chase & Co. upgraded shares of ProPetro from an “underweight” rating to a “neutral” rating and set a $10.00 price objective for the company in a research report on Friday, December 6th. Benchmark restated a “hold” rating on shares of ProPetro in a research report on Thursday, February 20th. Finally, Stifel Nicolaus raised their price objective 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 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 has an average rating of “Hold” and an average target price of $10.75.

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.