Nisa Investment Advisors LLC Purchases 7,101 Shares of ProPetro Holding Corp. (NYSE:PUMP)

Nisa Investment Advisors LLC boosted its holdings in shares of ProPetro Holding Corp. (NYSE:PUMPFree Report) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 169,591 shares of the company’s stock after acquiring an additional 7,101 shares during the period. Nisa Investment Advisors LLC’s holdings in ProPetro were worth $1,582,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its holdings in ProPetro by 84.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,221 shares of the company’s stock worth $25,000 after purchasing an additional 1,473 shares in the last quarter. Quarry LP acquired a new position in shares of ProPetro during the second quarter worth about $40,000. nVerses Capital LLC grew its holdings in shares of ProPetro by 226.3% during the third quarter. nVerses Capital LLC now owns 6,200 shares of the company’s stock worth $47,000 after buying an additional 4,300 shares in the last quarter. CWM LLC raised its position in ProPetro by 17.2% in the 3rd quarter. CWM LLC now owns 8,624 shares of the company’s stock valued at $66,000 after buying an additional 1,267 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in ProPetro in the 3rd quarter valued at approximately $77,000. 84.70% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ProPetro

In other ProPetro news, CFO David Scott Schorlemer acquired 4,500 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was bought at an average cost of $6.86 per share, with a total value 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 approximately $775,125.12. This represents a 4.15 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.88% of the stock is owned by company insiders.

ProPetro Price Performance

Shares of PUMP opened at $9.39 on Tuesday. The company has a market cap of $966.00 million, a price-to-earnings ratio of -7.06 and a beta of 2.00. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 0.05. The company’s fifty day simple moving average is $9.32 and its 200 day simple moving average is $8.48. ProPetro Holding Corp. has a 1-year low of $6.53 and a 1-year high of $11.17.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Barclays decreased their price target on shares of ProPetro from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. JPMorgan Chase & Co. upgraded shares of ProPetro from an “underweight” rating to a “neutral” rating and set a $10.00 price target on the stock in a research note on Friday, December 6th. Citigroup increased their price objective on shares of ProPetro from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus lowered their target price on ProPetro from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $10.75.

Check Out Our Latest Stock Report on ProPetro

About ProPetro

(Free Report)

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.

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Institutional Ownership by Quarter for ProPetro (NYSE:PUMP)

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