Exxon Mobil Divests Entire Stake in ProPetro Holding Corp. for $276.5 Million
PUMP has more than doubled off its 52-week low of $4.51 on elevated volume (2.7× avg).
Summary
Exxon Mobil and its subsidiaries have sold their entire 16.6 million share stake in ProPetro Holding Corp. for $276.5 million, ceasing to be a beneficial owner.
Key Events · Ownership and Investor Activity · PUMP
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Major Share Divestment
Exxon Mobil Corporation and its subsidiaries sold 16.6 million shares of ProPetro Holding Corp. common stock in a block trade.
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Significant Transaction Value
The sale was executed at $16.66 per share, totaling approximately $276.5 million.
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Cessation of Beneficial Ownership
Following the sale, Exxon Mobil and its affiliated reporting persons ceased to be beneficial owners of more than five percent of ProPetro's common stock, indicating a full exit of their reportable stake.
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Follows Recent Financing
This divestment occurs shortly after ProPetro finalized a $690 million convertible senior notes offering.
Analysis · PUMP · Energy & Transportation
Exxon Mobil Corporation, along with its subsidiaries, has sold its entire beneficial ownership in ProPetro Holding Corp. This significant divestment, totaling $276.5 million, represents a major institutional exit and removes a large block of shares from the reporting persons' control. This follows a recent $690 million convertible notes offering by ProPetro, which could be seen as a strategic shift by Exxon Mobil.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 36.1% of the 1052 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PUMP was trading at $16.76 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2.1B. The 52-week trading range was $4.51 to $18.50. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.