Strs Ohio Boosts Holdings in Patterson-UTI Energy, Inc. $PTEN

Posted by Brenda Bartman on Jul 7th, 2026

Strs Ohio lifted its holdings in Patterson-UTI Energy, Inc. (NASDAQ:PTEN – Free Report) by 134.3% in the first quarter, HoldingsChannel reports. The fund owned 322,100 shares of the oil and gas company’s stock after buying an additional 184,600 shares during the period. Strs Ohio’s holdings in Patterson-UTI Energy were worth $3,488,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Magnetar Financial LLC lifted its stake in Patterson-UTI Energy by 728.4% in the third quarter. Magnetar Financial LLC now owns 280,919 shares of the oil and gas company’s stock worth $1,455,000 after purchasing an additional 247,010 shares during the last quarter. Tudor Investment Corp ET AL purchased a new stake in Patterson-UTI Energy during the third quarter valued at about $2,206,000. SG Americas Securities LLC grew its stake in shares of Patterson-UTI Energy by 141.3% during the fourth quarter. SG Americas Securities LLC now owns 183,804 shares of the oil and gas company’s stock valued at $1,123,000 after buying an additional 107,638 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Patterson-UTI Energy by 4.9% during the third quarter. Victory Capital Management Inc. now owns 2,312,232 shares of the oil and gas company’s stock valued at $11,977,000 after buying an additional 108,600 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Patterson-UTI Energy in the third quarter worth about $992,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Insider Transactions at Patterson-UTI Energy

In related news, CAO Forrest C. Robinson sold 13,670 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $12.01, for a total transaction of $164,176.70. Following the completion of the transaction, the chief accounting officer owned 56,842 shares in the company, valued at $682,672.42. This represents a 19.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Cesar Jaime sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $12.29, for a total value of $122,900.00. Following the completion of the sale, the director directly owned 77,462 shares of the company’s stock, valued at $952,007.98. The trade was a 11.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 1,007,844 shares of company stock worth $11,922,302. Corporate insiders own 2.20% of the company’s stock.

Patterson-UTI Energy Trading Up 3.0%

Shares of NASDAQ:PTEN traded up $0.26 during midday trading on Tuesday, hitting $8.81. 585,037 shares of the stock traded hands, compared to its average volume of 10,350,183. The company has a quick ratio of 1.63, a current ratio of 1.84 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average is $11.17 and its two-hundred day moving average is $9.46. The stock has a market capitalization of $3.35 billion, a PE ratio of -28.37 and a beta of 0.62. Patterson-UTI Energy, Inc. has a one year low of $5.10 and a one year high of $13.08.

Patterson-UTI Energy (NASDAQ:PTEN – Get Free Report) last posted its earnings results on Wednesday, April 22nd. The oil and gas company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.04. Patterson-UTI Energy had a negative return on equity of 2.32% and a negative net margin of 2.56%.The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.11 billion. The firm’s revenue was down 12.7% compared to the same quarter last year. As a group, research analysts forecast that Patterson-UTI Energy, Inc. will post -0.14 earnings per share for the current year.

Patterson-UTI Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.10 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.40 annualized dividend and a yield of 4.5%. Patterson-UTI Energy’s dividend payout ratio (DPR) is -129.03%.

Analyst Ratings Changes

PTEN has been the subject of a number of recent research reports. Susquehanna boosted their target price on Patterson-UTI Energy from $13.00 to $14.00 and gave the company a “positive” rating in a research note on Wednesday, May 27th. The Goldman Sachs Group raised their price target on Patterson-UTI Energy from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Morgan Stanley lifted their price target on Patterson-UTI Energy from $7.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Piper Sandler boosted their price objective on Patterson-UTI Energy from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Finally, Royal Bank Of Canada raised their target price on shares of Patterson-UTI Energy from $14.00 to $15.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Eight equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $12.35.

Check Out Our Latest Research Report on PTEN

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.