Fayez Sarofim & Company Has Lifted Its Bankofamerica (BAC) Stake; Shorts at Mammoth Energy Services (TUSK) Raised By 23.7%

August 18, 2018 - By Tyler Harlow

Bank of America Corporation (NYSE:BAC) Logo

Mammoth Energy Services Inc (NASDAQ:TUSK) had an increase of 23.7% in short interest. TUSK’s SI was 1.00M shares in August as released by FINRA. Its up 23.7% from 808,800 shares previously. With 269,400 avg volume, 4 days are for Mammoth Energy Services Inc (NASDAQ:TUSK)’s short sellers to cover TUSK’s short positions. The SI to Mammoth Energy Services Inc’s float is 9.92%. The stock decreased 0.12% or $0.04 during the last trading session, reaching $32.47. About 383,943 shares traded. Mammoth Energy Services, Inc. (NASDAQ:TUSK) has risen 66.58% since August 18, 2017 and is uptrending. It has outperformed by 54.01% the S&P500. Some Historical TUSK News: 29/05/2018 – Cobra Signs New $900 million Contract to Finish the Restoration of Critical Electrical Services and Support the Initial Phase o; 02/05/2018 – Mammoth Energy Services 1Q EPS $1.24; 03/05/2018 – Mammoth Energy Closes Below 50-Day Moving Average: Technicals; 21/04/2018 – DJ Mammoth Energy Services Inc, Inst Holders, 1Q 2018 (TUSK); 02/05/2018 – Mammoth Energy Services 1Q Rev $494.2M; 29/05/2018 – Research Report Identifies AngioDynamics, Kaiser Aluminum, Mammoth Energy Services, Meridian Bioscience, Merrimack Pharmaceutic; 07/03/2018 Cobra Responds to Mutual Aid Request as Winter Weather Disruptions Affect Northeast; 29/05/2018 – Mammoth Energy Services Unit Cobra Increasing Total Resource Count in Puerto Rico for Restoration Process; 02/05/2018 – Mammoth Energy Services 1Q Net $55.5M; 05/04/2018 – New Research: Key Drivers of Growth for Aqua Metals, Audentes Therapeutics, Gaming and Leisure Properties, Mammoth Energy Servi

Fayez Sarofim & Company increased Bankofamerica (BAC) stake by 4.68% reported in 2018Q1 SEC filing. Fayez Sarofim & Company acquired 13,443 shares as Bankofamerica (BAC)’s stock declined 6.97%. The Fayez Sarofim & Company holds 300,694 shares with $9.02M value, up from 287,251 last quarter. Bankofamerica now has $307.04 billion valuation. The stock increased 0.07% or $0.02 during the last trading session, reaching $30.74. About 39.84M shares traded. Bank of America Corporation (NYSE:BAC) has risen 29.72% since August 18, 2017 and is uptrending. It has outperformed by 17.15% the S&P500. Some Historical BAC News: 20/03/2018 – QUALCOMM INC QCOM.O : BOFA MERRILL ADDS TO US 1 LIST; 17/05/2018 – REG-Bank of America Corp Doc re. Filing of Form 8-K; 16/04/2018 – Bank of America 1Q Pretax Earnings $8.4B, up 15%; 06/03/2018 – The Estée Lauder Companies Presentation at the Bank of America Merrill Lynch 2018 Consumer & Retail Technology Conference Available Live Via Webcast; 15/05/2018 – Senator Investment Adds Facebook, Exits Bank of America: 13F; 03/04/2018 – Bank of America says buy Nvidia into the tech slide because a big year for chipmaker is ahead; 18/05/2018 – TAIWAN CENTRAL BANK NAMES FOUR LOCAL BANKS TO TAKE OVER THE BUSINESS AFTER UOB’S EXIT; 17/03/2018 – silew: Exclusive: Saudi Aramco snubs UBS and Bank of America for listing roles – sources LONDON (Reuters); 04/04/2018 – FinSrvcsMinority: Waters Sends Letter to Bank of America on Ending Free “eBanking” Service; 08/05/2018 – American Airlines to Webcast Presentation at Bank of America Merrill Lynch 2018 Transportation Conference

More news for Mammoth Energy Services, Inc. (NASDAQ:TUSK) were recently published by: Nasdaq.com, which released: “Mammoth Energy Services, Inc. Announces Second Quarter 2018 Operational and Financial Results” on August 06, 2018. Benzinga.com‘s article titled: “Earnings Scheduled For August 6, 2018” and published on August 06, 2018 is yet another important article.

Mammoth Energy Services, Inc. operates as an integrated oilfield service company. The company has market cap of $1.45 billion. The firm operates in five divisions: Pressure Pumping Services; Well Services; Natural Sand Proppant; Contract Land and Directional Drilling Services; and Other Energy Services. It has a 8.92 P/E ratio. The Company’s Pressure Pumping Services segment provides high-pressure hydraulic fracturing services to enhance the production of oil and natural gas from formations having low permeability.

Fayez Sarofim & Company decreased Gileadsciencesinc (NASDAQ:GILD) stake by 51,072 shares to 170,452 valued at $12.85M in 2018Q1. It also reduced Kindermorganinc. (NYSE:KMI) stake by 156,925 shares and now owns 14.69M shares. Nikeincclassb (NYSE:NKE) was reduced too.

Investors sentiment decreased to 0.95 in 2018 Q1. Its down 0.24, from 1.19 in 2017Q4. It is negative, as 73 investors sold BAC shares while 633 reduced holdings. 134 funds opened positions while 535 raised stakes. 6.66 billion shares or 2.67% less from 6.85 billion shares in 2017Q4 were reported. Ontario Teachers Pension Plan Board accumulated 2.57M shares. Arizona State Retirement Sys holds 2.58 million shares or 0.78% of its portfolio. Meiji Yasuda Life Insurance holds 0.91% or 198,419 shares. Moreover, Aviance Prns Llc has 0.97% invested in Bank of America Corporation (NYSE:BAC). Sumitomo Mitsui has 1.14% invested in Bank of America Corporation (NYSE:BAC). Ls Investment Advsrs Limited Liability reported 818,633 shares. Stanley Cap Mngmt owns 211,231 shares. Highstreet Asset Management Incorporated owns 65,885 shares. Leisure Cap Mgmt accumulated 12,316 shares or 0.32% of the stock. Jacobs Company Ca invested in 14,124 shares. Waratah Ltd has invested 3.05% in Bank of America Corporation (NYSE:BAC). Smead Capital Mngmt owns 3.50 million shares for 5.09% of their portfolio. Plante Moran Finance Limited Liability Co reported 17,078 shares. Ci Investments Inc holds 1.32 million shares or 0.46% of its portfolio. Telemus Ltd Company holds 0.16% or 67,698 shares.

Among 8 analysts covering Bank of America (NYSE:BAC), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Bank of America had 8 analyst reports since March 16, 2018 according to SRatingsIntel. Citigroup maintained Bank of America Corporation (NYSE:BAC) on Tuesday, April 24 with “Neutral” rating. The rating was initiated by Vining Sparks with “Buy” on Monday, April 16. Oppenheimer maintained it with “Buy” rating and $3500 target in Monday, March 26 report. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Monday, April 16 by Nomura. The stock has “Outperform” rating by Credit Suisse on Friday, March 16. The firm earned “Buy” rating on Wednesday, April 4 by Keefe Bruyette & Woods. The stock of Bank of America Corporation (NYSE:BAC) earned “Equal-Weight” rating by Barclays Capital on Tuesday, April 17. The firm has “Buy” rating given on Monday, April 16 by Jefferies.

Bank of America Corporation (NYSE:BAC) Institutional Positions Chart

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