Principal Financial Group Inc. lifted its stake in ProPetro Holding Corp. (NYSE:PUMP – Free Report) by 1.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 384,768 shares of the company’s stock after purchasing an additional 6,099 shares during the period. Principal Financial Group Inc. owned 0.37% of ProPetro worth $3,590,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Stanley Laman Group Ltd. increased its stake in ProPetro by 2.7% in the 4th quarter. Stanley Laman Group Ltd. now owns 458,425 shares of the company’s stock worth $4,277,000 after buying an additional 12,191 shares in the last quarter. Van ECK Associates Corp increased its stake in ProPetro by 57.3% in the 4th quarter. Van ECK Associates Corp now owns 1,527,598 shares of the company’s stock worth $14,253,000 after buying an additional 556,747 shares in the last quarter. Empowered Funds LLC increased its stake in ProPetro by 5.1% in the 4th quarter. Empowered Funds LLC now owns 554,873 shares of the company’s stock worth $5,177,000 after buying an additional 27,086 shares in the last quarter. KBC Group NV increased its stake in ProPetro by 90.5% in the 4th quarter. KBC Group NV now owns 8,045 shares of the company’s stock worth $75,000 after buying an additional 3,821 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in ProPetro by 5.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 139,653 shares of the company’s stock worth $1,303,000 after buying an additional 7,348 shares in the last quarter. 84.70% of the stock is currently owned by hedge funds and other institutional investors.
ProPetro Stock Down 1.8 %
Shares of NYSE:PUMP opened at $7.54 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 1.14 and a debt-to-equity ratio of 0.06. ProPetro Holding Corp. has a 12 month low of $6.53 and a 12 month high of $11.17. The company has a 50-day moving average price of $9.43 and a 200 day moving average price of $8.53. The company has a market cap of $777.38 million, a price-to-earnings ratio of -5.62 and a beta of 1.98.
Analysts Set New Price Targets
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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.
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