UBS Oconnor LLC cut its position in Mammooth Energy (NASDAQ:TUSK) by 11.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 325,243 shares of the energy company’s stock after selling 41,917 shares during the period. UBS Oconnor LLC owned 0.73% of Mammooth Energy worth $6,050,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. boosted its position in Mammooth Energy by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 29,834 shares of the energy company’s stock valued at $555,000 after buying an additional 171 shares in the last quarter. Wells Fargo & Company MN boosted its position in Mammooth Energy by 4.1% in the first quarter. Wells Fargo & Company MN now owns 39,642 shares of the energy company’s stock valued at $852,000 after buying an additional 1,566 shares in the last quarter. Teachers Advisors LLC boosted its position in Mammooth Energy by 13.6% in the second quarter. Teachers Advisors LLC now owns 15,060 shares of the energy company’s stock valued at $280,000 after buying an additional 1,808 shares in the last quarter. Northern Trust Corp boosted its position in Mammooth Energy by 2.2% in the second quarter. Northern Trust Corp now owns 92,303 shares of the energy company’s stock valued at $1,717,000 after buying an additional 1,996 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in Mammooth Energy by 5.9% in the second quarter. Victory Capital Management Inc. now owns 71,943 shares of the energy company’s stock valued at $1,338,000 after buying an additional 3,986 shares in the last quarter. Hedge funds and other institutional investors own 73.44% of the company’s stock.

Shares of Mammooth Energy (NASDAQ TUSK) traded down 0.47% during trading on Friday, hitting $16.86. 92,126 shares of the stock were exchanged. Mammooth Energy has a 52 week low of $11.91 and a 52 week high of $24.54. The firm has a market capitalization of $750.30 million and a P/E ratio of 181.29. The firm has a 50 day moving average price of $14.75 and a 200 day moving average price of $14.75.

Mammooth Energy (NASDAQ:TUSK) last posted its earnings results on Wednesday, August 2nd. The energy company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.05. Mammooth Energy had a negative net margin of 21.65% and a negative return on equity of 3.04%. The business had revenue of $98.26 million for the quarter, compared to the consensus estimate of $92.14 million. The firm’s quarterly revenue was up 42.1% on a year-over-year basis. Analysts forecast that Mammooth Energy will post ($0.07) EPS for the current fiscal year.

In other Mammooth Energy news, Director James D. Palm bought 6,000 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were acquired at an average cost of $12.75 per share, for a total transaction of $76,500.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 0.03% of the stock is owned by company insiders.

A number of equities analysts have commented on TUSK shares. Piper Jaffray Companies restated a “buy” rating and issued a $19.00 price target (down from $22.00) on shares of Mammooth Energy in a research report on Wednesday, July 12th. Barclays PLC lowered shares of Mammooth Energy from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $26.00 to $17.00 in a research report on Wednesday, July 12th. Imperial Capital started coverage on shares of Mammooth Energy in a research report on Friday, August 18th. They issued an “outperform” rating and a $16.00 price target on the stock. Zacks Investment Research lowered shares of Mammooth Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, R. F. Lafferty started coverage on shares of Mammooth Energy in a research report on Wednesday, June 14th. They issued a “buy” rating and a $37.00 price target on the stock. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Mammooth Energy presently has a consensus rating of “Buy” and an average target price of $22.55.

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About Mammooth Energy

Mammoth Energy Services, Inc is an integrated oilfield service company. The Company is engaged in the exploration and development of North American onshore unconventional oil and natural gas reserves. The Company’s segments include Contract Land and Directional Drilling Services; Completion and Production Services; Natural Sand Proppant Services, and Remote Accommodation Services.

Institutional Ownership by Quarter for Mammooth Energy (NASDAQ:TUSK)

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