XTX Topco Ltd Increases Stock Position in ProPetro Holding Corp. (NYSE:PUMP)

XTX Topco Ltd raised its position in ProPetro Holding Corp. (NYSE:PUMP) by 45.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,259 shares of the company’s stock after acquiring an additional 19,051 shares during the quarter. XTX Topco Ltd owned approximately 0.06% of ProPetro worth $572,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. FMR LLC raised its position in ProPetro by 271.0% during the 3rd quarter. FMR LLC now owns 27,004 shares of the company’s stock valued at $207,000 after purchasing an additional 19,726 shares during the last quarter. HighTower Advisors LLC purchased a new stake in ProPetro in the third quarter worth $197,000. Barclays PLC boosted its holdings in ProPetro by 109.2% in the third quarter. Barclays PLC now owns 242,057 shares of the company’s stock valued at $1,855,000 after acquiring an additional 126,346 shares in the last quarter. Franklin Resources Inc. increased its position in ProPetro by 5.8% during the 3rd quarter. Franklin Resources Inc. now owns 61,979 shares of the company’s stock valued at $513,000 after purchasing an additional 3,417 shares during the period. Finally, B. Riley Wealth Advisors Inc. raised its holdings in ProPetro by 209.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 272,374 shares of the company’s stock worth $2,115,000 after purchasing an additional 184,273 shares in the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PUMP shares. Citigroup boosted their price objective on ProPetro from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Barclays cut their price target on shares of ProPetro from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. Stifel Nicolaus lifted their price objective on shares of ProPetro from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Benchmark reaffirmed a “hold” rating on shares of ProPetro in a report on Thursday, February 20th. Three research 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 price target of $10.75.

ProPetro Stock Performance

Shares of NYSE PUMP opened at $5.40 on Friday. The company has a market capitalization of $560.02 million, a PE ratio of -4.03 and a beta of 1.58. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.14 and a current ratio of 1.31. The company’s fifty day moving average price is $7.10 and its 200 day moving average price is $8.18. ProPetro Holding Corp. has a 1 year low of $4.61 and a 1 year high of $11.17.

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.