B. Riley Wealth Advisors Inc. Acquires 184,273 Shares of ProPetro Holding Corp. (NYSE:PUMP)

B. Riley Wealth Advisors Inc. lifted its holdings in shares of ProPetro Holding Corp. (NYSE:PUMP) by 209.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 272,374 shares of the company’s stock after purchasing an additional 184,273 shares during the period. B. Riley Wealth Advisors Inc. owned about 0.26% of ProPetro worth $2,115,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Franklin Resources Inc. grew its holdings in shares of 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 last quarter. Barclays PLC grew its holdings in shares of ProPetro by 109.2% during the 3rd quarter. Barclays PLC now owns 242,057 shares of the company’s stock valued at $1,855,000 after purchasing an additional 126,346 shares during the last quarter. XTX Topco Ltd grew its holdings in shares of ProPetro by 268.0% during the 3rd quarter. XTX Topco Ltd now owns 42,208 shares of the company’s stock valued at $323,000 after purchasing an additional 30,737 shares during the last quarter. Weiss Asset Management LP purchased a new stake in ProPetro during the 3rd quarter valued at $2,292,000. Finally, Quadrature Capital Ltd boosted its position in ProPetro by 24.1% during the 3rd quarter. Quadrature Capital Ltd now owns 20,252 shares of the company’s stock valued at $155,000 after buying an additional 3,927 shares during the period. Institutional investors own 84.70% of the company’s stock.

ProPetro Stock Down 3.2 %

PUMP opened at $9.12 on Monday. ProPetro Holding Corp. has a twelve month low of $6.53 and a twelve month high of $10.02. The stock has a market capitalization of $938.72 million, a price-to-earnings ratio of -6.86 and a beta of 2.07. 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 firm has a 50 day moving average price of $8.06 and a 200-day moving average price of $8.22.

Insider Buying and Selling at ProPetro

In other news, CFO David Scott Schorlemer purchased 4,500 shares of the company’s stock in a transaction on Monday, November 4th. The stock was acquired at an average cost of $6.86 per share, for a total transaction of $30,870.00. Following the completion of the transaction, the chief financial officer now directly owns 112,992 shares in the company, valued at $775,125.12. This trade represents a 4.15 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.88% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Stifel Nicolaus dropped their price target on shares of ProPetro from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Citigroup dropped their price target on shares of ProPetro from $8.50 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Barclays dropped their price target on shares of ProPetro from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. raised shares of 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. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.25.

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.