101,595 Shares in ProPetro Holding Corp. (NYSE:PUMP) Acquired by SG Americas Securities LLC

SG Americas Securities LLC bought a new stake in shares of ProPetro Holding Corp. (NYSE:PUMP) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 101,595 shares of the company’s stock, valued at approximately $948,000. SG Americas Securities LLC owned 0.10% of ProPetro as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PUMP. Nisa Investment Advisors LLC boosted its position in ProPetro by 4.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 169,591 shares of the company’s stock valued at $1,582,000 after purchasing an additional 7,101 shares during the last quarter. GAMMA Investing LLC lifted its stake in ProPetro by 38.0% in the fourth quarter. GAMMA Investing LLC now owns 4,446 shares of the company’s stock valued at $41,000 after acquiring an additional 1,225 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of ProPetro by 5.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 97,736 shares of the company’s stock worth $749,000 after purchasing an additional 5,198 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of ProPetro by 209.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 272,374 shares of the company’s stock valued at $2,115,000 after purchasing an additional 184,273 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in ProPetro by 5.8% in the third quarter. Franklin Resources Inc. now owns 61,979 shares of the company’s stock worth $513,000 after purchasing an additional 3,417 shares in the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Insider Activity at ProPetro

In other ProPetro news, CFO David Scott Schorlemer purchased 4,500 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was purchased at an average cost of $6.86 per share, with a total value of $30,870.00. Following the acquisition, the chief financial officer now directly owns 112,992 shares of the company’s stock, valued at approximately $775,125.12. This trade represents a 4.15 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.88% of the stock is owned by insiders.

ProPetro Stock Up 0.5 %

PUMP opened at $9.43 on Wednesday. ProPetro Holding Corp. has a fifty-two week low of $6.53 and a fifty-two week high of $11.17. The company has a market capitalization of $970.12 million, a P/E ratio of -7.09 and a beta of 2.00. The firm’s fifty day moving average price is $9.36 and its two-hundred day moving average price is $8.49. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.20 and a quick ratio of 1.14.

Analysts Set New Price Targets

PUMP has been the topic of a number of recent 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 research report on Tuesday, January 7th. Stifel Nicolaus dropped their target price on shares of ProPetro from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Barclays reduced their price target on shares of ProPetro from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. raised 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. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $10.75.

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.