Insider Selling: Patterson-UTI Energy (NASDAQ:PTEN) Director Sells $2,388,780.00 in Stock

Posted by Geri Gentry on Aug 26th, 2026

Patterson-UTI Energy, Inc. (NASDAQ:PTEN – Get Free Report) Director James Carl Stewart sold 207,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $11.54, for a total value of $2,388,780.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Patterson-UTI Energy Stock Performance

NASDAQ PTEN traded up $0.23 during trading on Wednesday, hitting $11.75. The company’s stock had a trading volume of 8,448,185 shares, compared to its average volume of 9,953,508. The company has a quick ratio of 1.57, a current ratio of 1.75 and a debt-to-equity ratio of 0.40. The firm has a 50 day moving average price of $10.18 and a 200 day moving average price of $10.40. The firm has a market cap of $4.48 billion, a P/E ratio of -51.09 and a beta of 0.63. Patterson-UTI Energy, Inc. has a 52 week low of $5.10 and a 52 week high of $13.08.

Patterson-UTI Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.10 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.40 annualized dividend and a dividend yield of 3.4%. Patterson-UTI Energy’s dividend payout ratio (DPR) is presently -173.91%.

Institutional Investors Weigh In On Patterson-UTI Energy

Large investors have recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Patterson-UTI Energy during the 2nd quarter worth approximately $577,234,000. Sourcerock Group LLC boosted its stake in Patterson-UTI Energy by 109.2% in the 2nd quarter. Sourcerock Group LLC now owns 13,803,775 shares of the oil and gas company’s stock valued at $81,856,000 after buying an additional 7,205,652 shares in the last quarter. Webs Creek Capital Management LP bought a new stake in Patterson-UTI Energy in the second quarter valued at $53,729,934,000. Bank of America Corp DE bought a new stake in Patterson-UTI Energy in the second quarter valued at $52,132,000. Finally, Goldman Sachs Group Inc. raised its stake in Patterson-UTI Energy by 110.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 10,559,219 shares of the oil and gas company’s stock worth $64,517,000 after acquiring an additional 5,551,276 shares in the last quarter. 97.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on PTEN. Royal Bank Of Canada boosted their target price on shares of Patterson-UTI Energy from $14.00 to $15.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Citigroup reduced their price target on shares of Patterson-UTI Energy from $11.00 to $10.50 and set a “neutral” rating for the company in a report on Monday, June 29th. Zacks Research upgraded shares of Patterson-UTI Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Barclays boosted their price objective on shares of Patterson-UTI Energy from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Finally, Susquehanna upped their price objective on shares of Patterson-UTI Energy from $12.00 to $13.00 and gave the company a “positive” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.95.

View Our Latest Stock Report on Patterson-UTI Energy

Patterson-UTI Energy Company Profile

(Get 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.