Nuveen Asset Management LLC Sells 131,811 Shares of ProPetro Holding Corp. (NYSE:PUMP)

Nuveen Asset Management LLC lowered its stake in shares of ProPetro Holding Corp. (NYSE:PUMP - Free Report) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,611,463 shares of the company's stock after selling 131,811 shares during the period. Nuveen Asset Management LLC owned approximately 1.57% of ProPetro worth $15,035,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Barclays PLC increased its position in shares of ProPetro by 109.2% during the third quarter. Barclays PLC now owns 242,057 shares of the company's stock worth $1,855,000 after acquiring an additional 126,346 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of ProPetro by 46.9% during the fourth quarter. New York State Common Retirement Fund now owns 23,498 shares of the company's stock worth $219,000 after acquiring an additional 7,502 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of ProPetro by 1.6% during the fourth quarter. Principal Financial Group Inc. now owns 384,768 shares of the company's stock worth $3,590,000 after acquiring an additional 6,099 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of ProPetro during the fourth quarter worth about $948,000. Finally, Jane Street Group LLC increased its position in shares of ProPetro by 11.0% during the fourth quarter. Jane Street Group LLC now owns 221,175 shares of the company's stock worth $2,064,000 after acquiring an additional 21,980 shares in the last quarter. Institutional investors and hedge funds own 84.70% of the company's stock.

ProPetro Price Performance

Shares of ProPetro stock traded down $0.21 on Wednesday, hitting $5.46. 1,109,839 shares of the company traded hands, compared to its average volume of 1,572,623. The firm's 50-day simple moving average is $5.79 and its 200 day simple moving average is $7.75. The company has a current ratio of 1.31, a quick ratio of 1.14 and a debt-to-equity ratio of 0.06. The company has a market cap of $566.83 million, a P/E ratio of -4.07 and a beta of 1.19. ProPetro Holding Corp. has a 12-month low of $4.61 and a 12-month high of $11.17.

ProPetro (NYSE:PUMP - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.03. The firm had revenue of $359.42 million for the quarter, compared to analysts' expectations of $344.36 million. ProPetro had a negative net margin of 9.55% and a positive return on equity of 3.20%. The business's quarterly revenue was down 11.4% on a year-over-year basis. During the same quarter last year, the company posted $0.18 EPS. Analysts expect that ProPetro Holding Corp. will post 0.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PUMP shares. Barclays reduced their price objective on shares of ProPetro from $12.00 to $11.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Stifel Nicolaus lowered their target price on shares of ProPetro from $12.00 to $11.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. reduced their price target on shares of ProPetro from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Wednesday. Finally, Benchmark reiterated a "hold" rating on shares of ProPetro in a research report on Thursday, February 20th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $9.75.

About ProPetro

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.