Geode Capital Management LLC Buys 8,526 Shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK)

Geode Capital Management LLC grew its stake in shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK) by 1.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 537,376 shares of the energy company’s stock after acquiring an additional 8,526 shares during the period. Geode Capital Management LLC owned about 1.12% of Mammoth Energy Services worth $1,612,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TUSK. JPMorgan Chase & Co. grew its holdings in Mammoth Energy Services by 465.2% during the fourth quarter. JPMorgan Chase & Co. now owns 63,079 shares of the energy company’s stock valued at $189,000 after purchasing an additional 51,919 shares during the period. Royce & Associates LP grew its stake in shares of Mammoth Energy Services by 7.3% during the 4th quarter. Royce & Associates LP now owns 1,449,922 shares of the energy company’s stock worth $4,350,000 after acquiring an additional 98,698 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Mammoth Energy Services by 11.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 70,674 shares of the energy company’s stock worth $212,000 after acquiring an additional 7,064 shares during the last quarter. Empowered Funds LLC raised 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 valued at $440,000 after acquiring an additional 63,417 shares during the period. Finally, Barclays PLC raised its stake in Mammoth Energy Services by 65.1% in the 3rd quarter. Barclays PLC now owns 57,081 shares of the energy company’s stock valued at $233,000 after acquiring an additional 22,503 shares during the period. Hedge funds and other institutional investors own 79.67% of the company’s stock.

Mammoth Energy Services Price Performance

Shares of NASDAQ:TUSK opened at $2.61 on Wednesday. Mammoth Energy Services, Inc. has a twelve month low of $1.68 and a twelve month high of $4.94. The firm has a market capitalization of $125.61 million, a PE ratio of -0.63 and a beta of 1.43. 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 company has a 50-day moving average price of $2.26 and a two-hundred day moving average price of $2.96.

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

Mammoth Energy Services Company 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.