ProPetro Holding Corp. (NYSE:PUMP) Shares Bought by WINTON GROUP Ltd

WINTON GROUP Ltd raised its position in ProPetro Holding Corp. (NYSE:PUMPGet Rating) by 9.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 25,641 shares of the company’s stock after acquiring an additional 2,121 shares during the quarter. WINTON GROUP Ltd’s holdings in ProPetro were worth $256,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. purchased a new position in shares of ProPetro in the second quarter worth $280,000. Oppenheimer & Co. Inc. purchased a new position in shares of ProPetro in the second quarter worth $802,000. Texas Permanent School Fund raised its holdings in shares of ProPetro by 2.8% in the second quarter. Texas Permanent School Fund now owns 61,781 shares of the company’s stock worth $618,000 after buying an additional 1,687 shares during the last quarter. Employees Retirement System of Texas raised its holdings in shares of ProPetro by 9.3% in the second quarter. Employees Retirement System of Texas now owns 316,300 shares of the company’s stock worth $3,163,000 after buying an additional 27,000 shares during the last quarter. Finally, Larson Financial Group LLC purchased a new position in shares of ProPetro in the second quarter worth $227,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other ProPetro news, Director Phillip A. Gobe sold 22,000 shares of ProPetro stock in a transaction on Thursday, October 6th. The shares were sold at an average price of $10.00, for a total value of $220,000.00. Following the completion of the transaction, the director now owns 182,111 shares of the company’s stock, valued at $1,821,110. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.90% of the stock is currently owned by corporate insiders.

ProPetro Price Performance

Shares of ProPetro stock opened at $11.03 on Monday. The firm has a fifty day moving average price of $10.03 and a 200 day moving average price of $10.36. ProPetro Holding Corp. has a 1 year low of $7.25 and a 1 year high of $16.92. The stock has a market cap of $1.26 billion, a PE ratio of -35.58 and a beta of 2.49.

Wall Street Analyst Weigh In

Separately, Evercore ISI reduced their target price on shares of ProPetro to $13.00 in a report on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $16.13.

ProPetro Company Profile

(Get Rating)

ProPetro Holding Corp., an oilfield services company, provides hydraulic fracturing and other related services. The company operates through Pressure Pumping and All Other segments. It offers cementing, acidizing, and coiled tubing services. The company serves oil and gas companies engaged in the exploration and production of North American oil and natural gas resources.

See Also

Want to see what other hedge funds are holding PUMP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProPetro Holding Corp. (NYSE:PUMPGet Rating).

Institutional Ownership by Quarter for ProPetro (NYSE:PUMP)

Receive News & Ratings for ProPetro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProPetro and related companies with MarketBeat.com's FREE daily email newsletter.