Dimensional Fund Advisors LP Buys 98,295 Shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK)

Dimensional Fund Advisors LP grew its stake in Mammoth Energy Services, Inc. (NASDAQ:TUSK) by 11.0% in the fourth quarter, HoldingsChannel reports. The fund owned 991,223 shares of the energy company’s stock after acquiring an additional 98,295 shares during the period. Dimensional Fund Advisors LP’s holdings in Mammoth Energy Services were worth $2,973,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Rangeley Capital LLC acquired a new stake in shares of Mammoth Energy Services during the 4th quarter worth approximately $1,297,000. Empowered Funds LLC grew its position in shares of Mammoth Energy Services by 76.3% during the 4th quarter. Empowered Funds LLC now owns 146,574 shares of the energy company’s stock worth $440,000 after buying an additional 63,417 shares during the period. Invesco Ltd. acquired a new position in Mammoth Energy Services during the fourth quarter valued at approximately $30,000. Barclays PLC grew its holdings in Mammoth Energy Services by 65.1% during the third quarter. Barclays PLC now owns 57,081 shares of the energy company’s stock valued at $233,000 after purchasing an additional 22,503 shares during the period. Finally, Marshall Wace LLP acquired a new position in Mammoth Energy Services during the fourth quarter valued at approximately $42,000. 79.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Mammoth Energy Services from a “hold” rating to a “buy” rating in a report on Thursday, May 8th.

Mammoth Energy Services Stock Up 1.6%

Mammoth Energy Services stock opened at $2.57 on Wednesday. The stock has a market capitalization of $123.69 million, a PE ratio of -0.62 and a beta of 1.48. Mammoth Energy Services, Inc. has a twelve month low of $1.68 and a twelve month high of $4.94. 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 of $2.30 and a 200-day moving average of $2.83.

Mammoth Energy Services (NASDAQ:TUSK) last released its quarterly earnings results on Wednesday, May 7th. The energy company reported ($0.01) earnings per share for the quarter. The company had revenue of $62.47 million during the quarter. Mammoth Energy Services had a negative net margin of 105.49% and a negative return on equity of 53.85%.

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.