BlackRock reports 6,190,537 PUMP shares; 6.0% ownership
Rhea-AI Filing Summary
BlackRock, Inc. reports beneficial ownership of 6,190,537 shares of ProPetro Holding Corp. common stock, representing 6.0% of the class. The filing discloses sole voting power over 5,995,448 shares and sole dispositive power over 6,190,537 shares. The statement is filed as an amendment (Schedule 13G/A, Amendment No. 11) and affirms the holdings are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. The filing includes exhibits for a Power of Attorney and an Item 7 exhibit identifying related subsidiary information.
Positive
- 6,190,537 shares reported beneficially owned, a clear disclosure of stake
- 6.0% ownership disclosed, exceeding the 5% reporting threshold
- SOLE voting power reported on 5,995,448 shares indicating voting authority
Negative
- Filing does not disclose any intent to influence control but provides no additional detail on underlying accounts
- Item 6 notes various persons may receive dividends but no individual >5% identified
Insights
BlackRock holds a material passive stake of 6.0% in PUMP.
BlackRock discloses beneficial ownership of 6,190,537 shares, with sole voting power on 5,995,448 shares, indicating centralized voting control within its reported business units.
The filing is a Schedule 13G/A (Amendment No. 11) and includes exhibits for authority and subsidiary identification, showing compliance with reporting rules. The statement explicitly says the position is held in the ordinary course of business and not to influence control.