American International Group Inc. acquired a new stake in MAMMOOTH ENERGY (NASDAQ:TUSK) during the first quarter, Holdings Channel reports. The institutional investor acquired 4,805 shares of the energy company’s stock, valued at approximately $103,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased 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. 1st Global Advisors Inc. increased its position in MAMMOOTH ENERGY by 30.6% in the first quarter. 1st Global Advisors Inc. now owns 25,974 shares of the energy company’s stock valued at $559,000 after buying an additional 6,090 shares in the last quarter. Boston Partners increased its position in MAMMOOTH ENERGY by 17.6% in the first quarter. Boston Partners now owns 56,000 shares of the energy company’s stock valued at $1,205,000 after buying an additional 8,400 shares in the last quarter. Teachers Advisors LLC bought a new position in MAMMOOTH ENERGY during the fourth quarter valued at approximately $184,000. Finally, Bank of New York Mellon Corp increased its position in MAMMOOTH ENERGY by 85.5% in the first quarter. Bank of New York Mellon Corp now owns 28,437 shares of the energy company’s stock valued at $611,000 after buying an additional 13,104 shares in the last quarter. Hedge funds and other institutional investors own 63.17% of the company’s stock.

Shares of MAMMOOTH ENERGY (NASDAQ:TUSK) traded down 0.26% on Friday, reaching $11.53. The company had a trading volume of 3,472 shares. MAMMOOTH ENERGY has a 52 week low of $11.50 and a 52 week high of $24.54. The stock’s 50 day moving average is $15.91 and its 200 day moving average is $18.35. The firm has a market capitalization of $513.11 million and a price-to-earnings ratio of 123.98.

MAMMOOTH ENERGY (NASDAQ:TUSK) last posted its quarterly earnings data on Wednesday, August 2nd. The energy company reported ($0.03) earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $98.26 million for the quarter, compared to analyst estimates of $92.14 million. The firm’s revenue for the quarter was up 42.1% compared to the same quarter last year.

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Several research analysts have recently commented on the company. Instinet reiterated a “buy” rating and issued a $32.00 price objective on shares of MAMMOOTH ENERGY in a report on Wednesday, April 19th. Nomura began coverage on MAMMOOTH ENERGY in a report on Wednesday, April 19th. They issued a “buy” rating and a $32.00 price objective on the stock. Zacks Investment Research downgraded MAMMOOTH ENERGY from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. Piper Jaffray Companies restated a “buy” rating and set a $19.00 price target (down previously from $22.00) on shares of MAMMOOTH ENERGY in a report on Wednesday, July 12th. Finally, Barclays PLC downgraded 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 report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $23.20.

In other news, Director Arthur L. Smith acquired 6,000 shares of MAMMOOTH ENERGY stock in a transaction that occurred on Friday, June 9th. The shares were bought at an average cost of $16.91 per share, with a total value of $101,460.00. Following the transaction, the director now directly owns 6,667 shares of the company’s stock, valued at approximately $112,738.97. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.03% of the company’s stock.

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.

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Institutional Ownership by Quarter for MAMMOOTH ENERGY (NASDAQ:TUSK)

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