Sei Investments Co. Purchases 709,090 Shares of Patterson-UTI Energy, Inc. $PTEN

Posted by Brian Himes on Aug 2nd, 2026

Sei Investments Co. increased its position in Patterson-UTI Energy, Inc. (NASDAQ:PTEN – Free Report) by 274.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 967,160 shares of the oil and gas company’s stock after acquiring an additional 709,090 shares during the quarter. Sei Investments Co.’s holdings in Patterson-UTI Energy were worth $10,474,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PTEN. Tudor Investment Corp ET AL purchased a new position in Patterson-UTI Energy in the 3rd quarter valued at approximately $2,206,000. SG Americas Securities LLC raised its holdings in Patterson-UTI Energy by 141.3% during the 4th quarter. SG Americas Securities LLC now owns 183,804 shares of the oil and gas company’s stock valued at $1,123,000 after acquiring an additional 107,638 shares during the period. Convergence Investment Partners LLC purchased a new stake in shares of Patterson-UTI Energy during the first quarter worth $1,325,000. Prescott Group Capital Management L.L.C. purchased a new stake in shares of Patterson-UTI Energy during the fourth quarter worth $1,161,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Patterson-UTI Energy by 92.6% in the fourth quarter. Principal Financial Group Inc. now owns 8,515,581 shares of the oil and gas company’s stock worth $52,030,000 after acquiring an additional 4,093,636 shares during the period. 97.91% of the stock is currently owned by institutional investors.

Patterson-UTI Energy Trading Up 6.4%

Patterson-UTI Energy stock opened at $10.48 on Friday. The stock has a market cap of $3.98 billion, a P/E ratio of -45.57 and a beta of 0.62. Patterson-UTI Energy, Inc. has a fifty-two week low of $5.10 and a fifty-two week high of $13.08. The firm’s fifty day moving average price is $10.33 and its 200-day moving average price is $9.92. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.63 and a current ratio of 1.75.

Patterson-UTI Energy (NASDAQ:PTEN – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.15 billion. Patterson-UTI Energy had a negative net margin of 1.92% and a negative return on equity of 1.68%. Patterson-UTI Energy’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.13) EPS. Equities research analysts forecast that Patterson-UTI Energy, Inc. will post -0.06 earnings per share for the current fiscal year.

Patterson-UTI Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.40 annualized dividend and a dividend yield of 3.8%. Patterson-UTI Energy’s dividend payout ratio (DPR) is presently -173.91%.

Insider Transactions at Patterson-UTI Energy

In other news, COO James Michael Holcomb sold 150,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $11.47, for a total transaction of $1,720,500.00. Following the completion of the transaction, the chief operating officer owned 421,523 shares of the company’s stock, valued at approximately $4,834,868.81. The trade was a 26.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Wayne Drummond, Jr. sold 61,475 shares of the company’s 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 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. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 435,145 shares of company stock worth $5,074,506. 2.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PTEN. Citigroup decreased their price objective on Patterson-UTI Energy from $11.00 to $10.50 and set a “neutral” rating on the stock in a research note on Monday, June 29th. Piper Sandler upgraded Patterson-UTI Energy from a “neutral” rating to an “overweight” rating and set a $13.00 target price for the company in a research note on Tuesday, July 14th. Royal Bank Of Canada lifted their target price on Patterson-UTI Energy from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Friday, May 29th. KeyCorp upgraded Patterson-UTI Energy to an “overweight” rating in a research report on Wednesday, May 27th. Finally, Stifel Nicolaus increased their price target on shares of Patterson-UTI Energy from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.75.

Get Our Latest Stock Report on PTEN

Patterson-UTI Energy News Roundup

Here are the key news stories impacting Patterson-UTI Energy this week:

Positive Sentiment: JPMorgan upgraded PTEN from “underweight” to “neutral” and set a $12 price target, implying further upside from recent trading levels. Benzinga
Positive Sentiment: Zacks Research raised its rating from “hold” to “strong-buy,” adding to the positive analyst sentiment surrounding the stock. Zacks.com
Positive Sentiment: Unusually high options activity points to increased bullish interest: investors purchased 8,770 call options, roughly 214% above the typical daily volume.
Positive Sentiment: The company declared a quarterly dividend of $0.10 per share, equivalent to a roughly 3.9% annualized yield, supporting the stock’s income appeal.
Positive Sentiment: Second-quarter revenue reached $1.23 billion, exceeding estimates by approximately $80 million and rising modestly year over year. Management’s earnings call also highlighted pricing power. Patterson-UTI Energy Fiscal Q2 Loss Narrows, Revenue Rises

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.