ProPetro Holding Corp. (NYSE:PUMP) Shares Acquired by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp increased its position in ProPetro Holding Corp. (NYSE:PUMP - Free Report) by 33.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,295 shares of the company's stock after buying an additional 21,604 shares during the quarter. Texas Permanent School Fund Corp owned about 0.07% of ProPetro worth $620,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Boston Partners lifted its holdings in shares of ProPetro by 50.9% during the fourth quarter. Boston Partners now owns 2,796,064 shares of the company's stock valued at $28,802,000 after purchasing an additional 943,529 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of ProPetro during the fourth quarter valued at $105,000. Hodges Capital Management Inc. lifted its holdings in shares of ProPetro by 416.3% during the fourth quarter. Hodges Capital Management Inc. now owns 774,376 shares of the company's stock valued at $8,030,000 after purchasing an additional 624,376 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of ProPetro by 7.8% during the fourth quarter. Van ECK Associates Corp now owns 2,895,403 shares of the company's stock valued at $30,025,000 after purchasing an additional 209,945 shares during the last quarter. Finally, US Asset Management LLC purchased a new stake in shares of ProPetro during the fourth quarter valued at $67,000. Institutional investors and hedge funds own 79.30% of the company's stock.

In related news, Director Michele Vion sold 21,000 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $6.89, for a total transaction of $144,690.00. Following the completion of the sale, the director now owns 40,094 shares in the company, valued at approximately $276,247.66. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other ProPetro news, Director Phillip A. Gobe sold 35,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $10.42, for a total value of $364,700.00. Following the completion of the sale, the director now owns 223,629 shares in the company, valued at approximately $2,330,214.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michele Vion sold 21,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $6.89, for a total value of $144,690.00. Following the completion of the sale, the director now owns 40,094 shares of the company's stock, valued at approximately $276,247.66. The disclosure for this sale can be found here. Insiders sold a total of 76,000 shares of company stock worth $709,390 in the last 90 days. 0.88% of the stock is owned by company insiders.

PUMP opened at $9.77 on Friday. The company has a market cap of $1.13 billion, a PE ratio of 65.13 and a beta of 2.42. The stock has a 50-day moving average of $8.50 and a 200-day moving average of $8.31. ProPetro Holding Corp. has a 52-week low of $6.33 and a 52-week high of $12.58. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.15 and a current ratio of 1.21.

ProPetro (NYSE:PUMP - Get Free Report) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.07). The company had revenue of $435.00 million for the quarter, compared to the consensus estimate of $436.27 million. ProPetro had a return on equity of 16.74% and a net margin of 1.33%. The business's revenue was up 38.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 EPS. As a group, equities research analysts forecast that ProPetro Holding Corp. will post 1.49 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on PUMP shares. 500.com reaffirmed a "maintains" rating on shares of ProPetro in a report on Thursday, June 8th. Stifel Nicolaus dropped their price target on ProPetro from $17.00 to $16.00 in a research report on Wednesday, July 12th. Benchmark raised ProPetro from a "hold" rating to a "buy" rating in a research report on Wednesday, July 19th. Citigroup upped their target price on ProPetro from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 18th. Finally, Barclays dropped their target price on ProPetro from $14.00 to $12.00 in a research report on Thursday, June 8th.

Read Our Latest Analysis on PUMP

ProPetro Holding Corp., an integrated oilfield services 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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