Dimensional Fund Advisors LP Grows Stock Holdings in Mammoth Energy Services, Inc. (NASDAQ:TUSK)

Dimensional Fund Advisors LP boosted its stake in shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK) by 14.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 806,280 shares of the energy company’s stock after purchasing an additional 99,093 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.68% of Mammoth Energy Services worth $2,645,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Mammoth Energy Services by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 723,772 shares of the energy company’s stock worth $2,635,000 after acquiring an additional 17,369 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Mammoth Energy Services by 6.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 166,591 shares of the energy company’s stock worth $546,000 after acquiring an additional 10,796 shares in the last quarter. Empowered Funds LLC lifted its position in Mammoth Energy Services by 8.0% in the first quarter. Empowered Funds LLC now owns 73,423 shares of the energy company’s stock valued at $267,000 after acquiring an additional 5,425 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Mammoth Energy Services by 55.8% in the first quarter. BNP Paribas Financial Markets now owns 11,265 shares of the energy company’s stock valued at $41,000 after acquiring an additional 4,035 shares in the last quarter. Institutional investors and hedge funds own 79.67% of the company’s stock.

Mammoth Energy Services Trading Down 2.1 %

Shares of TUSK opened at $4.66 on Friday. The stock has a market cap of $224.27 million, a price-to-earnings ratio of -9.71 and a beta of 1.68. The firm has a 50 day simple moving average of $3.89 and a 200-day simple moving average of $3.60. Mammoth Energy Services, Inc. has a 1-year low of $2.50 and a 1-year high of $4.95. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.57 and a quick ratio of 2.45.

Mammoth Energy Services (NASDAQ:TUSK) last issued its earnings results on Friday, August 9th. The energy company reported ($3.25) earnings per share for the quarter. Mammoth Energy Services had a negative net margin of 82.30% and a negative return on equity of 41.54%. The firm had revenue of $51.53 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Mammoth Energy Services from a “hold” rating to a “sell” rating in a research note on Thursday, September 5th.

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.