International Assets Investment Management LLC Takes $367,000 Position in Patterson-UTI Energy, Inc. $PTEN

Posted by George Bondi on May 12th, 2026

International Assets Investment Management LLC acquired a new stake in Patterson-UTI Energy, Inc. (NASDAQ:PTEN – Free Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 60,040 shares of the oil and gas company’s stock, valued at approximately $367,000.

Several other large investors have also modified their holdings of the company. Sage Rhino Capital LLC boosted its holdings in shares of Patterson-UTI Energy by 6.6% in the fourth quarter. Sage Rhino Capital LLC now owns 25,371 shares of the oil and gas company’s stock valued at $155,000 after acquiring an additional 1,575 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Patterson-UTI Energy by 0.5% in the second quarter. The Manufacturers Life Insurance Company now owns 370,476 shares of the oil and gas company’s stock valued at $2,197,000 after acquiring an additional 1,915 shares during the period. First Horizon Corp boosted its holdings in shares of Patterson-UTI Energy by 58.5% in the fourth quarter. First Horizon Corp now owns 5,554 shares of the oil and gas company’s stock valued at $34,000 after acquiring an additional 2,049 shares during the period. Wedge Capital Management L L P NC boosted its holdings in shares of Patterson-UTI Energy by 0.4% in the fourth quarter. Wedge Capital Management L L P NC now owns 567,060 shares of the oil and gas company’s stock valued at $3,465,000 after acquiring an additional 2,430 shares during the period. Finally, Brucke Financial Inc. boosted its holdings in shares of Patterson-UTI Energy by 16.6% in the third quarter. Brucke Financial Inc. now owns 22,351 shares of the oil and gas company’s stock valued at $116,000 after acquiring an additional 3,176 shares during the period. 97.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PTEN has been the subject of several research analyst reports. Barclays raised Patterson-UTI Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $10.00 to $15.00 in a report on Thursday, May 7th. Royal Bank Of Canada upped their price target on Patterson-UTI Energy from $12.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. The Goldman Sachs Group upped their price target on Patterson-UTI Energy from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Bank of America restated a “buy” rating on shares of Patterson-UTI Energy in a research note on Monday, March 2nd. Finally, Morgan Stanley upped 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. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $11.80.

View Our Latest Analysis on PTEN

Patterson-UTI Energy Price Performance

Patterson-UTI Energy stock opened at $11.86 on Tuesday. Patterson-UTI Energy, Inc. has a 12 month low of $5.10 and a 12 month high of $12.62. 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 business has a 50 day simple moving average of $10.52 and a 200-day simple moving average of $8.07. The stock has a market capitalization of $4.50 billion, a PE ratio of -38.26 and a beta of 0.64.

Patterson-UTI Energy (NASDAQ:PTEN – Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The oil and gas company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.04. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Patterson-UTI Energy had a negative return on equity of 2.32% and a negative net margin of 2.56%.The business’s revenue for the quarter was down 12.7% compared to the same quarter last year. Equities analysts predict that Patterson-UTI Energy, Inc. will post -0.21 earnings per share for the current year.

Patterson-UTI Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a $0.10 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.40 annualized dividend and a yield of 3.4%. Patterson-UTI Energy’s dividend payout ratio is presently -129.03%.

Insiders Place Their Bets

In other Patterson-UTI Energy news, CEO William Andrew Hendricks, Jr. sold 250,000 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $11.85, for a total value of $2,962,500.00. Following the completion of the transaction, the chief executive officer owned 2,823,103 shares in the company, valued at approximately $33,453,770.55. This represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Cesar Jaime sold 10,000 shares of the 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 transaction, the director owned 77,462 shares of the company’s stock, valued at $952,007.98. The trade was a 11.43% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 808,949 shares of company stock worth $9,387,035. 2.20% of the stock is owned by corporate insiders.

Patterson-UTI Energy Company 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.