57,107 Patterson-UTI Energy, Inc. $PTEN Shares Sold by Penn Capital Management Company LLC

Posted by Geri Gentry on Nov 10th, 2026

Penn Capital Management Company LLC lessened its holdings in Patterson-UTI Energy, Inc. (NASDAQ:PTEN – Free Report) by 2.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,933,118 shares of the oil and gas company’s stock after selling 57,107 shares during the quarter. Patterson-UTI Energy makes up approximately 1.5% of Penn Capital Management Company LLC’s investment portfolio, making the stock its 11th largest position. Penn Capital Management Company LLC owned 0.51% of Patterson-UTI Energy worth $21,151,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. M&G PLC grew its holdings in Patterson-UTI Energy by 17.4% during the 3rd quarter. M&G PLC now owns 648,208 shares of the oil and gas company’s stock worth $7,130,000 after acquiring an additional 95,921 shares during the last quarter. Calamos Advisors LLC bought a new position in shares of Patterson-UTI Energy during the third quarter valued at $178,000. Kestra Advisory Services LLC bought a new position in shares of Patterson-UTI Energy during the third quarter valued at $124,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Patterson-UTI Energy by 9.7% during the third quarter. Oregon Public Employees Retirement Fund now owns 85,590 shares of the oil and gas company’s stock worth $935,000 after purchasing an additional 7,600 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Patterson-UTI Energy during the third quarter worth $471,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Patterson-UTI Energy Price Performance

PTEN stock opened at $9.86 on Tuesday. The company has a quick ratio of 1.57, a current ratio of 1.73 and a debt-to-equity ratio of 0.40. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of -164.33 and a beta of 0.79. The company’s fifty day simple moving average is $11.72 and its 200 day simple moving average is $10.62. Patterson-UTI Energy, Inc. has a 12-month low of $5.24 and a 12-month high of $13.39.

Patterson-UTI Energy (NASDAQ:PTEN – Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The oil and gas company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. Patterson-UTI Energy had a negative return on equity of 0.58% and a negative net margin of 0.52%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the business posted ($0.10) EPS. The business’s revenue was up 14.1% compared to the same quarter last year. On average, analysts expect that Patterson-UTI Energy, Inc. will post 0.02 earnings per share for the current year.

Patterson-UTI Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, December 1st. This represents a $0.40 annualized dividend and a dividend yield of 4.1%. Patterson-UTI Energy’s dividend payout ratio is presently -666.67%.

Insiders Place Their Bets

In other Patterson-UTI Energy news, CEO William Andrew Hendricks, Jr. sold 250,000 shares of Patterson-UTI Energy stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $11.91, for a total value of $2,977,500.00. Following the completion of the sale, the chief executive officer directly owned 2,042,474 shares in the company, valued at approximately $24,325,865.34. The trade was a 10.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James Stewart sold 207,000 shares of Patterson-UTI Energy stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $11.54, for a total value of $2,388,780.00. The SEC filing for this sale provides additional information. Insiders have sold 1,027,000 shares of company stock worth $12,698,780 in the last quarter. 2.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on PTEN shares. Susquehanna boosted their price objective on shares of Patterson-UTI Energy from $13.00 to $15.00 and gave the stock a “positive” rating in a research note on Friday, October 30th. Barclays raised their target price on Patterson-UTI Energy from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, October 30th. Weiss Ratings raised Patterson-UTI Energy from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, November 4th. Piper Sandler upped their price target on Patterson-UTI Energy from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Tuesday, November 3rd. Finally, Wall Street Zen raised Patterson-UTI Energy from a “hold” rating to a “buy” rating in a research note on Saturday. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Patterson-UTI Energy has an average rating of “Moderate Buy” and an average target price of $14.09.

Check Out Our Latest Research Report on Patterson-UTI Energy

Patterson-UTI Energy Company Profile

(Free Report)

Patterson-UTI Energy provides contract drilling and related services to oil and natural gas exploration and production companies. Its offerings include land-based drilling rigs, directional drilling, pressure pumping and other well-completion services, as well as equipment and technologies used in drilling operations.

The company serves customers across major U.S. oil and gas regions, including the Permian Basin and other active shale areas. Its operations combine services that support wells through multiple stages, from drilling to completion.

Patterson-UTI has expanded its service capabilities through acquisitions, including its 2023 combination with NexTier Oilfield Solutions, which strengthened its pressure-pumping and completion-services business.