State Street Corp Has $1.65 Million Stake in Mammoth Energy Services, Inc. (NASDAQ:TUSK)

State Street Corp grew its stake in Mammoth Energy Services, Inc. (NASDAQ:TUSK) by 1.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 403,688 shares of the energy company’s stock after purchasing an additional 5,400 shares during the quarter. State Street Corp owned approximately 0.84% of Mammoth Energy Services worth $1,651,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. FMR LLC grew its holdings in shares of Mammoth Energy Services by 32.7% in the third quarter. FMR LLC now owns 10,967 shares of the energy company’s stock valued at $45,000 after acquiring an additional 2,705 shares in the last quarter. Empowered Funds LLC grew its holdings in Mammoth Energy Services by 5.3% during the third quarter. Empowered Funds LLC now owns 83,157 shares of the energy company’s stock valued at $340,000 after purchasing an additional 4,154 shares during the period. SG Americas Securities LLC purchased a new stake in Mammoth Energy Services in the third quarter worth $42,000. Bank of New York Mellon Corp raised its stake in shares of Mammoth Energy Services by 6.9% in the second quarter. Bank of New York Mellon Corp now owns 166,591 shares of the energy company’s stock valued at $546,000 after buying an additional 10,796 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Mammoth Energy Services by 14.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 806,280 shares of the energy company’s stock valued at $2,645,000 after buying an additional 99,093 shares during the last quarter. 79.67% of the stock is currently owned by institutional investors.

Mammoth Energy Services Stock Up 7.9 %

Shares of NASDAQ TUSK opened at $3.00 on Thursday. The firm’s 50 day simple moving average is $3.37 and its two-hundred day simple moving average is $3.63. Mammoth Energy Services, Inc. has a one year low of $2.50 and a one year high of $4.94. The stock has a market capitalization of $144.38 million, a P/E ratio of -0.73 and a beta of 1.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.25 and a quick ratio of 2.13.

Mammoth Energy Services (NASDAQ:TUSK) last posted its earnings results on Friday, November 1st. The energy company reported ($0.50) earnings per share (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 for the quarter. During the same quarter in the previous year, the business earned ($0.02) earnings per share.

Insider Activity at Mammoth Energy Services

In other Mammoth Energy Services news, Director Corey J. Booker sold 10,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $3.43, for a total transaction of $34,300.00. Following the sale, the director now directly owns 140,488 shares in the company, valued at approximately $481,873.84. This trade represents a 6.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 33,659 shares of company stock valued at $115,657 in the last three months. Company insiders own 3.44% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Mammoth Energy Services from a “sell” rating to a “hold” rating in a research report 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.