202,421 Shares in ProPetro Holding Corp. (NYSE:PUMP) Acquired by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC purchased a new stake in ProPetro Holding Corp. (NYSE:PUMP) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 202,421 shares of the company’s stock, valued at approximately $1,889,000. ProPetro comprises 0.6% of Jackson Creek Investment Advisors LLC’s investment portfolio, making the stock its 20th biggest position. Jackson Creek Investment Advisors LLC owned about 0.20% of ProPetro at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC increased its position in ProPetro by 109.2% during the 3rd quarter. Barclays PLC now owns 242,057 shares of the company’s stock worth $1,855,000 after purchasing an additional 126,346 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of ProPetro by 209.2% in the third quarter. B. Riley Wealth Advisors Inc. now owns 272,374 shares of the company’s stock worth $2,115,000 after acquiring an additional 184,273 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of ProPetro in the 3rd quarter valued at $3,525,000. Pacer Advisors Inc. raised its stake in shares of ProPetro by 95.4% in the 3rd quarter. Pacer Advisors Inc. now owns 7,152,687 shares of the company’s stock valued at $54,790,000 after acquiring an additional 3,491,723 shares during the period. Finally, HighTower Advisors LLC acquired a new position in shares of ProPetro during the 3rd quarter valued at $197,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

ProPetro Trading Down 2.9 %

NYSE:PUMP opened at $7.20 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.14 and a current ratio of 1.31. ProPetro Holding Corp. has a one year low of $6.53 and a one year high of $11.17. The business’s 50-day simple moving average is $9.33 and its 200 day simple moving average is $8.51. The stock has a market cap of $742.30 million, a price-to-earnings ratio of -5.37 and a beta of 2.03.

Analysts Set New Price Targets

Several research analysts have commented on PUMP shares. Benchmark reissued a “hold” rating on shares of ProPetro in a research report on Thursday, February 20th. Barclays dropped their target price on ProPetro from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday. JPMorgan Chase & Co. raised ProPetro from an “underweight” rating to a “neutral” rating and set a $10.00 price target on the stock in a research report on Friday, December 6th. Stifel Nicolaus increased their price objective on shares of ProPetro from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Citigroup lifted their price objective on shares of ProPetro from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, ProPetro has an average rating of “Hold” and a consensus target price of $10.75.

ProPetro 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.