ProPetro Holding Corp. (NYSE:PUMP) Shares Acquired by Creative Planning

Creative Planning grew its position in ProPetro Holding Corp. (NYSE:PUMP) by 80.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,238 shares of the company’s stock after acquiring an additional 25,445 shares during the quarter. Creative Planning’s holdings in ProPetro were worth $438,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. CWM LLC boosted its holdings in shares of ProPetro by 17.2% in the third quarter. CWM LLC now owns 8,624 shares of the company’s stock valued at $66,000 after acquiring an additional 1,267 shares during the period. GAMMA Investing LLC raised its stake in shares of ProPetro by 84.3% during the third quarter. GAMMA Investing LLC now owns 3,221 shares of the company’s stock worth $25,000 after purchasing an additional 1,473 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of ProPetro by 1.8% during the second quarter. Victory Capital Management Inc. now owns 111,904 shares of the company’s stock worth $970,000 after purchasing an additional 1,990 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of ProPetro by 6.4% during the second quarter. The Manufacturers Life Insurance Company now owns 37,392 shares of the company’s stock worth $324,000 after purchasing an additional 2,257 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of ProPetro by 8.9% during the second quarter. Federated Hermes Inc. now owns 29,912 shares of the company’s stock worth $259,000 after purchasing an additional 2,446 shares during the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

ProPetro Trading Up 16.3 %

NYSE:PUMP opened at $8.44 on Thursday. The stock has a fifty day moving average price of $7.77 and a two-hundred day moving average price of $8.42. The stock has a market capitalization of $868.21 million, a price-to-earnings ratio of -6.34 and a beta of 2.04. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.14 and a current ratio of 1.20. ProPetro Holding Corp. has a 1 year low of $6.53 and a 1 year high of $10.02.

Analyst Ratings Changes

Several research firms have recently commented on PUMP. Citigroup cut their price target on ProPetro from $8.50 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Barclays cut their price target on ProPetro from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Finally, Stifel Nicolaus cut their price target on ProPetro from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, ProPetro has an average rating of “Moderate Buy” and a consensus target price of $10.33.

Insiders Place Their Bets

In other ProPetro news, Director Michele Vion sold 5,000 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $8.26, for a total value of $41,300.00. Following the completion of the transaction, the director now owns 34,006 shares in the company, valued at approximately $280,889.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other ProPetro news, Director Michele Vion sold 5,000 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $8.26, for a total value of $41,300.00. Following the sale, the director now owns 34,006 shares of the company’s stock, valued at approximately $280,889.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David Scott Schorlemer bought 4,500 shares of the stock in a transaction on Monday, November 4th. The stock was purchased at an average cost of $6.86 per share, for a total transaction of $30,870.00. Following the acquisition, the chief financial officer now directly owns 112,992 shares of the company’s stock, valued at $775,125.12. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.97% of the stock is currently owned by company insiders.

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.