Charles Schwab Investment Management Inc. Purchases 7,064 Shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK)

Charles Schwab Investment Management Inc. lifted its position in shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK) by 11.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 70,674 shares of the energy company’s stock after buying an additional 7,064 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.15% of Mammoth Energy Services worth $212,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in Mammoth Energy Services by 1.9% during the third quarter. Geode Capital Management LLC now owns 528,850 shares of the energy company’s stock valued at $2,163,000 after acquiring an additional 9,852 shares during the period. State Street Corp boosted its stake in Mammoth Energy Services by 1.4% in the 3rd quarter. State Street Corp now owns 403,688 shares of the energy company’s stock worth $1,651,000 after purchasing an additional 5,400 shares during the period. Empowered Funds LLC boosted its stake in Mammoth Energy Services by 76.3% in the 4th quarter. Empowered Funds LLC now owns 146,574 shares of the energy company’s stock worth $440,000 after purchasing an additional 63,417 shares during the period. Barclays PLC grew 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 valued at $233,000 after buying an additional 22,503 shares in the last quarter. Finally, Wellington Management Group LLP bought a new stake in shares of Mammoth Energy Services during the third quarter valued at approximately $197,000. Institutional investors own 79.67% of the company’s stock.

Analyst Ratings Changes

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.

Mammoth Energy Services Trading Up 0.5 %

Shares of Mammoth Energy Services stock opened at $2.05 on Wednesday. Mammoth Energy Services, Inc. has a twelve month low of $1.91 and a twelve month 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 business has a 50-day moving average price of $2.55 and a 200-day moving average price of $3.23. The firm has a market cap of $98.66 million, a price-to-earnings ratio of -0.50 and a beta of 1.53.

Mammoth Energy Services (NASDAQ:TUSK) last released its quarterly earnings results on Friday, March 7th. The energy company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.31). The firm had revenue of $53.20 million for the quarter, compared to analysts’ expectations of $39.50 million. Mammoth Energy Services had a negative net margin of 105.49% and a negative return on equity of 53.85%.

Mammoth Energy Services Profile

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.