Geode Capital Management LLC Acquires 9,852 Shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK)

Geode Capital Management LLC raised its holdings in Mammoth Energy Services, Inc. (NASDAQ:TUSK) by 1.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 528,850 shares of the energy company’s stock after buying an additional 9,852 shares during the period. Geode Capital Management LLC owned about 1.10% of Mammoth Energy Services worth $2,163,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in shares of Mammoth Energy Services during the 3rd quarter worth approximately $42,000. FMR LLC boosted its position in Mammoth Energy Services by 32.7% during the third quarter. FMR LLC now owns 10,967 shares of the energy company’s stock worth $45,000 after purchasing an additional 2,705 shares during the period. XTX Topco Ltd acquired a new position in shares of Mammoth Energy Services in the third quarter valued at $53,000. Wellington Management Group LLP bought a new position in shares of Mammoth Energy Services in the third quarter valued at about $197,000. Finally, Barclays PLC lifted its stake in shares of Mammoth Energy Services by 65.1% during the 3rd quarter. Barclays PLC now owns 57,081 shares of the energy company’s stock worth $233,000 after buying an additional 22,503 shares during the last quarter. Institutional investors own 79.67% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Mammoth Energy Services from a “sell” rating to a “hold” rating in a research note on Friday, December 27th.

Mammoth Energy Services Stock Performance

Shares of NASDAQ TUSK opened at $3.00 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.25 and a quick ratio of 2.13. The firm has a market cap of $144.38 million, a price-to-earnings ratio of -0.73 and a beta of 1.61. The stock’s fifty day moving average price is $3.26 and its two-hundred day moving average price is $3.63. Mammoth Energy Services, Inc. has a one year low of $2.50 and a one year high of $4.94.

Mammoth Energy Services (NASDAQ:TUSK) last released its quarterly earnings results on Friday, November 1st. The energy company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.49). Mammoth Energy Services had a negative net margin of 105.49% and a negative return on equity of 53.85%. The business had revenue of $40.02 million during the quarter. During the same quarter in the previous year, the business earned ($0.02) EPS.

Insiders Place Their Bets

In other Mammoth Energy Services news, Director Corey J. Booker sold 15,000 shares of Mammoth Energy Services stock in a transaction on Monday, November 25th. The stock was sold at an average price of $3.47, for a total value of $52,050.00. Following the completion of the transaction, the director now directly owns 125,488 shares of the company’s stock, valued at $435,443.36. The trade was a 10.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 33,659 shares of company stock worth $115,657 in the last 90 days. Company insiders own 3.44% of the company’s stock.

About Mammoth Energy Services

Mammoth Energy Services, Inc operates as an energy services company in the United States, Canada, and internationally. The company operates in four segments: Well Completion Services, Infrastructure Services, Natural Sand Proppant Services, and Drilling Services. The company offers pressure pumping and hydraulic fracturing, sand hauling, and water transfer services; and master services agreements.