ProPetro Holding Corp. (NYSE:PUMP) Shares Purchased by KBC Group NV

KBC Group NV boosted its holdings in ProPetro Holding Corp. (NYSE:PUMP) by 90.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,045 shares of the company’s stock after purchasing an additional 3,821 shares during the quarter. KBC Group NV’s holdings in ProPetro were worth $75,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its stake in ProPetro by 95.4% during the third quarter. Pacer Advisors Inc. now owns 7,152,687 shares of the company’s stock worth $54,790,000 after acquiring an additional 3,491,723 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in ProPetro by 2.7% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,088,880 shares of the company’s stock worth $8,341,000 after acquiring an additional 28,660 shares during the last quarter. Royce & Associates LP increased its stake in ProPetro by 21.1% during the third quarter. Royce & Associates LP now owns 718,827 shares of the company’s stock worth $5,506,000 after acquiring an additional 125,232 shares during the last quarter. Empowered Funds LLC boosted its position in shares of ProPetro by 5.3% in the third quarter. Empowered Funds LLC now owns 527,787 shares of the company’s stock worth $4,043,000 after buying an additional 26,800 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in shares of ProPetro in the third quarter worth about $3,525,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PUMP shares. Citigroup upped their target price on ProPetro from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. raised ProPetro from an “underweight” rating to a “neutral” rating and set a $10.00 target price for the company in a research report on Friday, December 6th. Finally, Barclays decreased their target price on ProPetro from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $10.75.

ProPetro Trading Down 2.4 %

Shares of PUMP opened at $8.59 on Monday. The company has a market capitalization of $883.65 million, a P/E ratio of -6.45 and a beta of 1.98. ProPetro Holding Corp. has a one year low of $6.53 and a one year high of $11.17. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.14 and a current ratio of 1.20. The stock has a 50-day moving average price of $9.46 and a 200 day moving average price of $8.51.

About ProPetro

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.