Wexford Capital Lp Purchases 4,019,574 Shares of Mammoth Energy Services (NASDAQ:TUSK) Stock

Mammoth Energy Services, Inc. (NASDAQ:TUSK) insider Wexford Capital Lp purchased 4,019,574 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was bought at an average cost of $2.60 per share, for a total transaction of $10,450,892.40. Following the completion of the acquisition, the insider directly owned 10,620,789 shares of the company’s stock, valued at $27,614,051.40. This represents a 60.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Mammoth Energy Services Trading Down 3.3%

NASDAQ TUSK traded down $0.10 during trading hours on Monday, reaching $2.93. 274,745 shares of the company traded hands, compared to its average volume of 292,737. The stock has a market capitalization of $141.14 million, a PE ratio of 13.95 and a beta of 1.12. Mammoth Energy Services, Inc. has a 12 month low of $1.72 and a 12 month high of $3.92. The company has a 50 day moving average of $2.99 and a two-hundred day moving average of $2.47.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TUSK. Wall Street Zen raised shares of Mammoth Energy Services from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings raised Mammoth Energy Services from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TUSK. Bank of America Corp DE lifted its holdings in Mammoth Energy Services by 15.9% in the first quarter. Bank of America Corp DE now owns 25,589 shares of the energy company’s stock worth $63,000 after purchasing an additional 3,517 shares during the period. Jane Street Group LLC increased its stake in Mammoth Energy Services by 48.3% during the 2nd quarter. Jane Street Group LLC now owns 17,268 shares of the energy company’s stock valued at $48,000 after buying an additional 5,621 shares during the period. Geode Capital Management LLC increased its stake in Mammoth Energy Services by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 585,719 shares of the energy company’s stock valued at $1,084,000 after buying an additional 6,614 shares during the period. Wells Fargo & Company MN raised its position in shares of Mammoth Energy Services by 45.5% during the 4th quarter. Wells Fargo & Company MN now owns 27,501 shares of the energy company’s stock worth $51,000 after buying an additional 8,598 shares in the last quarter. Finally, Empowered Funds LLC raised its position in shares of Mammoth Energy Services by 8.9% during the 1st quarter. Empowered Funds LLC now owns 159,685 shares of the energy company’s stock worth $326,000 after buying an additional 13,111 shares in the last quarter. 79.67% of the stock is owned by institutional investors and hedge funds.

About Mammoth Energy Services

Mammoth Energy Services, Inc, headquartered in Houston, Texas, is a diversified energy services company that primarily provides hydraulic fracturing and complementary well completion and production services to oil and natural gas exploration and production companies across North America. Its core offerings include fracturing, coiled tubing, cementing, wireline, nitrogen pumping, and pressure pumping equipment, supported by proprietary fluid blends and digital monitoring systems. In addition to conventional oilfield services, the company operates a dedicated solar division—Mammoth Solar—that delivers engineering, procurement and construction (EPC) services for utility-scale and commercial solar projects.

Mammoth’s fracturing operations are focused on major shale plays such as the Permian Basin, Eagle Ford, Bakken, Williston Basin, and Rockies regions.