United Services Automobile Association Has $436,000 Stake in Mammoth Energy Services Inc (TUSK)

United Services Automobile Association grew its position in Mammoth Energy Services Inc (NASDAQ:TUSK) by 24.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,263 shares of the energy company’s stock after acquiring an additional 4,704 shares during the period. United Services Automobile Association owned about 0.05% of Mammoth Energy Services worth $436,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of TUSK. Alliancebernstein L.P. raised its stake in shares of Mammoth Energy Services by 608.2% in the third quarter. Alliancebernstein L.P. now owns 123,930 shares of the energy company’s stock valued at $3,606,000 after buying an additional 106,430 shares during the period. BlackRock Inc. grew its position in shares of Mammoth Energy Services by 13.4% in the third quarter. BlackRock Inc. now owns 778,113 shares of the energy company’s stock valued at $22,642,000 after purchasing an additional 92,155 shares in the last quarter. American International Group Inc. grew its position in shares of Mammoth Energy Services by 50.2% in the third quarter. American International Group Inc. now owns 8,296 shares of the energy company’s stock valued at $241,000 after purchasing an additional 2,773 shares in the last quarter. Shell Asset Management Co. purchased a new position in shares of Mammoth Energy Services in the third quarter valued at $265,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Mammoth Energy Services by 163.1% in the third quarter. Dimensional Fund Advisors LP now owns 263,162 shares of the energy company’s stock valued at $7,658,000 after purchasing an additional 163,137 shares in the last quarter. 81.18% of the stock is currently owned by institutional investors and hedge funds.

Mammoth Energy Services stock opened at $16.94 on Tuesday. Mammoth Energy Services Inc has a 52 week low of $16.27 and a 52 week high of $42.30. The stock has a market cap of $747.20 million, a P/E ratio of 2.96 and a beta of 1.89.

Mammoth Energy Services (NASDAQ:TUSK) last posted its quarterly earnings data on Thursday, March 14th. The energy company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.78. Mammoth Energy Services had a return on equity of 38.47% and a net margin of 13.96%. The firm had revenue of $278.20 million during the quarter, compared to analysts’ expectations of $350.11 million. During the same period in the prior year, the business earned $1.48 EPS. The company’s revenue for the quarter was down 24.6% compared to the same quarter last year. As a group, equities research analysts predict that Mammoth Energy Services Inc will post 1.43 EPS for the current year.

Several equities analysts have recently weighed in on the company. ValuEngine cut Mammoth Energy Services from a “hold” rating to a “sell” rating in a research report on Monday, February 25th. Zacks Investment Research upgraded Mammoth Energy Services from a “sell” rating to a “hold” rating in a research report on Thursday, February 28th. BidaskClub upgraded Mammoth Energy Services from a “hold” rating to a “buy” rating in a research report on Friday, January 11th. Imperial Capital restated an “outperform” rating and set a $30.00 target price (down from $40.00) on shares of Mammoth Energy Services in a research report on Wednesday, January 9th. Finally, Tudor Pickering upgraded Mammoth Energy Services from a “hold” rating to a “buy” rating in a research report on Friday, January 4th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.25.

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About Mammoth Energy Services

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.

Further Reading: Systematic Risk

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

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