Mammoth Energy Services, Inc. (NASDAQ:TUSK) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC boosted its holdings in Mammoth Energy Services, Inc. (NASDAQ:TUSK) by 76.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 146,574 shares of the energy company’s stock after buying an additional 63,417 shares during the quarter. Empowered Funds LLC owned 0.30% of Mammoth Energy Services worth $440,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Barclays PLC grew its position in Mammoth Energy Services by 65.1% in the third 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. Geode Capital Management LLC grew its position in Mammoth Energy Services by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 528,850 shares of the energy company’s stock worth $2,163,000 after purchasing an additional 9,852 shares in the last quarter. XTX Topco Ltd purchased a new position in Mammoth Energy Services during the 3rd quarter worth approximately $53,000. Wellington Management Group LLP purchased a new position in Mammoth Energy Services during the 3rd quarter worth approximately $197,000. Finally, State Street Corp grew its position in Mammoth Energy Services by 1.4% during 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 in the last quarter. Institutional investors and hedge funds own 79.67% of the company’s stock.

Mammoth Energy Services Stock Performance

TUSK stock opened at $2.76 on Thursday. The stock has a market cap of $132.84 million, a P/E ratio of -0.67 and a beta of 1.57. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.13 and a current ratio of 2.25. The firm has a 50 day simple moving average of $2.99 and a 200 day simple moving average of $3.54. Mammoth Energy Services, Inc. has a 52 week low of $2.50 and a 52 week high of $4.94.

Insider Activity

In related news, Director Corey J. Booker sold 15,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $3.47, for a total transaction of $52,050.00. Following the completion of the sale, the director now directly owns 125,488 shares in the company, valued at approximately $435,443.36. This trade represents a 10.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.44% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

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.