Empowered Funds LLC Purchases 27,086 Shares of ProPetro Holding Corp. (NYSE:PUMP)

Empowered Funds LLC increased its holdings in ProPetro Holding Corp. (NYSE:PUMP) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 554,873 shares of the company’s stock after purchasing an additional 27,086 shares during the quarter. Empowered Funds LLC’s holdings in ProPetro were worth $5,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Barclays PLC lifted its holdings in ProPetro by 109.2% in the 3rd quarter. Barclays PLC now owns 242,057 shares of the company’s stock worth $1,855,000 after buying an additional 126,346 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in shares of ProPetro by 209.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 272,374 shares of the company’s stock valued at $2,115,000 after acquiring an additional 184,273 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of ProPetro in the 3rd quarter worth about $3,525,000. Pacer Advisors Inc. increased its position in shares of ProPetro by 95.4% during the third quarter. Pacer Advisors Inc. now owns 7,152,687 shares of the company’s stock valued at $54,790,000 after buying an additional 3,491,723 shares during the period. Finally, Exchange Traded Concepts LLC bought a new position in ProPetro in the third quarter worth about $1,013,000. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. JPMorgan Chase & Co. raised 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. Barclays reduced their price target on ProPetro from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Finally, Citigroup raised 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. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $10.75.

ProPetro Stock Performance

Shares of PUMP opened at $9.04 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.20 and a debt-to-equity ratio of 0.05. The stock has a market cap of $929.97 million, a P/E ratio of -6.79 and a beta of 1.98. The business’s 50 day moving average price is $9.46 and its 200-day moving average price is $8.51. ProPetro Holding Corp. has a 52 week low of $6.53 and a 52 week high of $11.17.

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.