Bank of New York Mellon Corp Has $546,000 Stock Position in Mammoth Energy Services, Inc. (NASDAQ:TUSK)

Bank of New York Mellon Corp grew its holdings in Mammoth Energy Services, Inc. (NASDAQ:TUSK) by 6.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 166,591 shares of the energy company’s stock after purchasing an additional 10,796 shares during the period. Bank of New York Mellon Corp owned about 0.35% of Mammoth Energy Services worth $546,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Mammoth Energy Services by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 723,772 shares of the energy company’s stock valued at $2,635,000 after buying an additional 17,369 shares during the last quarter. Empowered Funds LLC increased its position in shares of Mammoth Energy Services by 8.0% in the first quarter. Empowered Funds LLC now owns 73,423 shares of the energy company’s stock valued at $267,000 after acquiring an additional 5,425 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Mammoth Energy Services by 55.8% during the first quarter. BNP Paribas Financial Markets now owns 11,265 shares of the energy company’s stock worth $41,000 after acquiring an additional 4,035 shares in the last quarter. Institutional investors own 79.67% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Mammoth Energy Services from a “hold” rating to a “sell” rating in a research note on Thursday, September 5th.

Mammoth Energy Services Stock Up 1.5 %

Shares of NASDAQ TUSK opened at $3.99 on Tuesday. The stock’s fifty day moving average is $3.75 and its 200 day moving average is $3.54. The stock has a market capitalization of $192.03 million, a P/E ratio of -8.31 and a beta of 1.67. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.45 and a current ratio of 2.57. Mammoth Energy Services, Inc. has a 52 week low of $2.50 and a 52 week high of $4.95.

Mammoth Energy Services (NASDAQ:TUSK) last released its quarterly earnings data on Friday, August 9th. The energy company reported ($3.25) earnings per share (EPS) for the quarter. The company had revenue of $51.53 million for the quarter. Mammoth Energy Services had a negative return on equity of 41.54% and a negative net margin of 82.30%.

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.