Macquarie Group Ltd. trimmed its stake in shares of Mammoth Energy Services Inc (NASDAQ:TUSK) by 14.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,857 shares of the energy company’s stock after selling 500 shares during the period. Macquarie Group Ltd.’s holdings in Mammoth Energy Services were worth $51,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TUSK. Boston Partners raised its holdings in shares of Mammoth Energy Services by 259.1% during the fourth quarter. Boston Partners now owns 900,820 shares of the energy company’s stock valued at $16,197,000 after purchasing an additional 649,972 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Mammoth Energy Services by 657.9% during the fourth quarter. Bank of New York Mellon Corp now owns 340,869 shares of the energy company’s stock valued at $6,128,000 after purchasing an additional 295,894 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Mammoth Energy Services by 284.8% during the third quarter. AQR Capital Management LLC now owns 374,546 shares of the energy company’s stock valued at $10,899,000 after purchasing an additional 277,218 shares during the last quarter. Teachers Advisors LLC raised its holdings in shares of Mammoth Energy Services by 1,510.0% during the third quarter. Teachers Advisors LLC now owns 278,555 shares of the energy company’s stock valued at $8,106,000 after purchasing an additional 261,253 shares during the last quarter. Finally, Vanguard Group Inc raised its holdings in shares of Mammoth Energy Services by 38.6% during the third quarter. Vanguard Group Inc now owns 834,739 shares of the energy company’s stock valued at $24,292,000 after purchasing an additional 232,542 shares during the last quarter. 81.18% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:TUSK opened at $17.71 on Friday. Mammoth Energy Services Inc has a fifty-two week low of $16.22 and a fifty-two week high of $42.30. The firm has a market cap of $794.77 million, a P/E ratio of 3.15 and a beta of 1.88.

Mammoth Energy Services (NASDAQ:TUSK) last issued its earnings results on Thursday, March 14th. The energy company reported $1.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.78. Mammoth Energy Services had a net margin of 13.96% and a return on equity of 38.47%. The firm had revenue of $278.20 million during the quarter, compared to analyst estimates of $350.11 million. During the same quarter in the prior year, the business earned $1.48 earnings per share. Mammoth Energy Services’s revenue for the quarter was down 24.6% on a year-over-year basis. On average, analysts expect that Mammoth Energy Services Inc will post 0.91 EPS for the current year.

A number of research firms have weighed in on TUSK. Tudor Pickering lowered shares of Mammoth Energy Services from a “buy” rating to a “hold” rating in a research report on Monday, March 18th. BidaskClub lowered shares of Mammoth Energy Services from a “hold” rating to a “sell” rating in a research report on Tuesday, March 12th. ValuEngine lowered shares of Mammoth Energy Services from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 6th. Barclays reiterated a “buy” rating and issued a $22.00 price target on shares of Mammoth Energy Services in a research report on Wednesday, March 20th. Finally, Zacks Investment Research lowered shares of Mammoth Energy Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $26.00.

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Mammoth Energy Services Company Profile

Mammoth Energy Services, Inc operates as an integrated oilfield service company. The company operates in four segments: Pressure Pumping Services, Infrastructure Services, Natural Sand Proppant Services, and Contract Land and Directional Drilling Services. The Pressure Pumping Services segment provides high-pressure hydraulic fracturing services to enhance the production of oil and natural gas from formations having low permeability.

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Institutional Ownership by Quarter for Mammoth Energy Services (NASDAQ:TUSK)

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