Patterson-UTI Energy, Inc. $PTEN Holdings Lowered by Fisher Asset Management LLC

Posted by Brian Himes on May 27th, 2026

Fisher Asset Management LLC trimmed its stake in shares of Patterson-UTI Energy, Inc. (NASDAQ:PTEN – Free Report) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,377,814 shares of the oil and gas company’s stock after selling 188,987 shares during the quarter. Fisher Asset Management LLC’s holdings in Patterson-UTI Energy were worth $26,748,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. New Age Alpha Advisors LLC raised its position in shares of Patterson-UTI Energy by 5.8% during the 4th quarter. New Age Alpha Advisors LLC now owns 730,056 shares of the oil and gas company’s stock worth $4,461,000 after buying an additional 40,268 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Patterson-UTI Energy during the 4th quarter worth about $2,319,000. FourThought Financial Partners LLC bought a new stake in shares of Patterson-UTI Energy during the 4th quarter worth about $74,000. Global Retirement Partners LLC raised its position in shares of Patterson-UTI Energy by 4,765.4% during the 4th quarter. Global Retirement Partners LLC now owns 10,120 shares of the oil and gas company’s stock worth $62,000 after buying an additional 9,912 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. bought a new stake in shares of Patterson-UTI Energy during the 4th quarter worth about $1,161,000. 97.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on PTEN shares. Barclays upgraded shares of Patterson-UTI Energy from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $10.00 to $15.00 in a research report on Thursday, May 7th. The Goldman Sachs Group boosted their price target on shares of Patterson-UTI Energy from $9.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Piper Sandler boosted their price target on shares of Patterson-UTI Energy from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, April 27th. Capital One Financial upgraded shares of Patterson-UTI Energy from an “equal weight” rating to an “overweight” rating and set a $12.00 target price on the stock in a report on Monday, April 20th. Finally, Bank of America reiterated a “buy” rating on shares of Patterson-UTI Energy in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.80.

Read Our Latest Research Report on PTEN

Patterson-UTI Energy Stock Down 1.5%

NASDAQ PTEN opened at $12.12 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.84 and a quick ratio of 1.63. The company’s 50 day simple moving average is $11.20 and its 200 day simple moving average is $8.54. Patterson-UTI Energy, Inc. has a 12 month low of $5.10 and a 12 month high of $13.08. The company has a market capitalization of $4.60 billion, a P/E ratio of -39.10 and a beta of 0.64.

Patterson-UTI Energy (NASDAQ:PTEN – Get Free Report) last released its earnings results on Wednesday, April 22nd. The oil and gas company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.04. Patterson-UTI Energy had a negative net margin of 2.56% and a negative return on equity of 2.32%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion. The firm’s revenue was down 12.7% compared to the same quarter last year. Equities research analysts expect that Patterson-UTI Energy, Inc. will post -0.19 earnings per share for the current fiscal year.

Patterson-UTI Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Monday, June 1st. Patterson-UTI Energy’s payout ratio is presently -129.03%.

Insider Buying and Selling

In other news, CEO William Andrew Hendricks, Jr. sold 250,000 shares of Patterson-UTI Energy stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $11.85, for a total value of $2,962,500.00. Following the transaction, the chief executive officer directly owned 2,823,103 shares of the company’s stock, valued at $33,453,770.55. This trade represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert Wayne Drummond, Jr. sold 61,475 shares of Patterson-UTI Energy stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $12.02, for a total transaction of $738,929.50. Following the completion of the transaction, the director directly owned 1,128,773 shares in the company, valued at approximately $13,567,851.46. This trade represents a 5.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 808,949 shares of company stock worth $9,387,035 in the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

Patterson-UTI Energy Profile

(Free Report)

Patterson-UTI Energy provides a comprehensive suite of onshore contract drilling and pressure pumping services to exploration and production companies in North America. The company’s core offerings include land-based drilling rigs, directional drilling, hydraulic fracturing services, downhole tool rental and well-servicing equipment. By integrating drilling and completion capabilities, Patterson-UTI Energy offers operators a streamlined solution designed to improve operational efficiency and well performance.

Headquartered in Houston, Texas, Patterson-UTI Energy traces its origins to its founding in 1978 and was later incorporated in Delaware in 1996.