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

Mammoth Energy Services, Inc. (NASDAQ:TUSK) insider Wexford Capital Lp purchased 4,019,574 shares of the company’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 purchase, the insider directly owned 10,620,789 shares in the company, valued at $27,614,051.40. This represents a 60.89% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Mammoth Energy Services Price Performance

Mammoth Energy Services stock opened at $2.92 on Tuesday. The firm’s 50 day simple moving average is $3.00 and its 200-day simple moving average is $2.48. The company has a market cap of $140.66 million, a P/E ratio of 13.90 and a beta of 1.12. Mammoth Energy Services, Inc. has a fifty-two week low of $1.72 and a fifty-two week high of $3.92.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TUSK. Adage Capital Partners GP L.L.C. lifted its position in Mammoth Energy Services by 10.2% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 4,575,000 shares of the energy company’s stock worth $12,810,000 after buying an additional 425,000 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Mammoth Energy Services by 11,736.0% during the 4th quarter. Russell Investments Group Ltd. now owns 247,491 shares of the energy company’s stock valued at $458,000 after acquiring an additional 245,400 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Mammoth Energy Services by 726.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 185,761 shares of the energy company’s stock valued at $520,000 after acquiring an additional 163,291 shares in the last quarter. Corient Private Wealth LLC acquired a new position in shares of Mammoth Energy Services in the fourth quarter worth $181,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Mammoth Energy Services in the fourth quarter worth $141,000. 79.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on TUSK shares. Wall Street Zen raised 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 research report on Thursday, May 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

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.