First Eagle Investment Management LLC Has $3.88 Million Stock Holdings in ProPetro Holding Corp. (NYSE:PUMP)

First Eagle Investment Management LLC decreased its holdings in shares of ProPetro Holding Corp. (NYSE:PUMP) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 415,633 shares of the company’s stock after selling 16,000 shares during the quarter. First Eagle Investment Management LLC’s holdings in ProPetro were worth $3,878,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its holdings in ProPetro by 205.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,983 shares of the company’s stock valued at $28,000 after purchasing an additional 2,005 shares during the last quarter. 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. acquired a new stake in ProPetro during the 3rd quarter valued at $77,000. Finally, Raymond James Financial Inc. acquired a new stake in ProPetro during the 4th quarter valued at $94,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

ProPetro Stock Up 3.1 %

Shares of NYSE PUMP opened at $6.88 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.14 and a current ratio of 1.31. ProPetro Holding Corp. has a 52 week low of $6.54 and a 52 week high of $11.17. The stock has a market capitalization of $709.60 million, a P/E ratio of -5.13 and a beta of 2.03. The stock’s fifty day moving average is $9.03 and its 200 day moving average is $8.46.

Wall Street Analyst Weigh In

PUMP has been the topic of several recent research reports. Barclays lowered their price objective on ProPetro from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. JPMorgan Chase & Co. upgraded ProPetro from an “underweight” rating to a “neutral” rating and set a $10.00 price objective on the stock in a research report on Friday, December 6th. Stifel Nicolaus increased their price objective on ProPetro from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Benchmark reiterated a “hold” rating on shares of ProPetro in a research report on Thursday, February 20th. Finally, Citigroup increased their price objective on ProPetro from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, ProPetro presently has an average rating of “Hold” and an average price target of $10.75.

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.