JPMorgan Chase & Co. Has $46,000 Stock Holdings in Mammoth Energy Services, Inc. (NASDAQ:TUSK)

JPMorgan Chase & Co. trimmed its stake in Mammoth Energy Services, Inc. (NASDAQ:TUSK) by 54.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,160 shares of the energy company’s stock after selling 13,179 shares during the quarter. JPMorgan Chase & Co.’s holdings in Mammoth Energy Services were worth $46,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TUSK. SG Americas Securities LLC purchased a new position in Mammoth Energy Services during the 3rd quarter worth $42,000. FMR LLC grew its stake in shares of Mammoth Energy Services by 32.7% during the 3rd quarter. FMR LLC now owns 10,967 shares of the energy company’s stock worth $45,000 after acquiring an additional 2,705 shares during the period. XTX Topco Ltd purchased a new position in shares of Mammoth Energy Services in the third quarter worth about $53,000. Wellington Management Group LLP bought a new stake in Mammoth Energy Services during the 3rd quarter valued at $197,000. Finally, Barclays PLC lifted its holdings in 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 purchasing an additional 22,503 shares in the last quarter. 79.67% of the stock is owned by institutional investors.

Mammoth Energy Services Stock Up 5.2 %

TUSK opened at $3.05 on Wednesday. The business’s fifty day simple moving average is $3.08 and its 200 day simple moving average is $3.62. Mammoth Energy Services, Inc. has a 52 week low of $2.50 and a 52 week high of $4.94. The company has a quick ratio of 2.13, a current ratio of 2.25 and a debt-to-equity ratio of 0.18. The stock has a market cap of $146.80 million, a PE ratio of -0.74 and a beta of 1.57.

Wall Street Analyst Weigh In

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

Insider Activity at Mammoth Energy Services

In other Mammoth Energy Services news, Director Corey J. Booker sold 15,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $3.47, for a total value of $52,050.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders have sold 33,659 shares of company stock valued at $115,657. Corporate 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.