Patterson-UTI Energy, Inc. (PTEN) to Issue Quarterly Dividend of $0.10 on September 15th

Posted by Brenda Bartman on Aug 30th, 2026

Patterson-UTI Energy, Inc. (NASDAQ:PTEN – Get Free Report) declared a quarterly dividend on Wednesday, July 29th. Shareholders of record on Tuesday, September 1st will be given a dividend of 0.10 per share by the oil and gas company on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 1st.

Patterson-UTI Energy has increased its dividend by an average of 0.3%annually over the last three years. Patterson-UTI Energy has a payout ratio of -800.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Patterson-UTI Energy to earn $0.27 per share next year, which means the company may not be able to cover its $0.40 annual dividend with an expected future payout ratio of 148.1%.

Patterson-UTI Energy Trading Up 1.4%

Shares of PTEN opened at $12.43 on Friday. The company’s fifty day simple moving average is $10.30 and its 200-day simple moving average is $10.46. The company has a market cap of $4.74 billion, a P/E ratio of -54.04 and a beta of 0.63. The company has a current ratio of 1.75, a quick ratio of 1.57 and a debt-to-equity ratio of 0.40. Patterson-UTI Energy has a twelve month low of $5.10 and a twelve month high of $13.08.

Insider Buying and Selling at Patterson-UTI Energy

In other Patterson-UTI Energy news, CAO Forrest C. Robinson sold 13,670 shares of Patterson-UTI Energy stock in a transaction 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 sale, the chief accounting officer directly owned 56,842 shares of the company’s stock, valued at $682,672.42. The trade was a 19.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William Andrew Hendricks, Jr. sold 200,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $11.64, for a total transaction of $2,328,000.00. Following the completion of the sale, the chief executive officer directly owned 2,542,474 shares of the company’s stock, valued at $29,594,397.36. The trade was a 7.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 420,670 shares of company stock valued at $4,880,957 in the last ninety days. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Patterson-UTI Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Amundi boosted its stake in Patterson-UTI Energy by 35.2% in the 2nd quarter. Amundi now owns 150,062 shares of the oil and gas company’s stock worth $1,378,000 after purchasing an additional 39,107 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Patterson-UTI Energy during the 2nd quarter valued at approximately $1,179,000. California State Teachers Retirement System increased its stake in Patterson-UTI Energy by 749.6% during the 2nd quarter. California State Teachers Retirement System now owns 3,612,991 shares of the oil and gas company’s stock valued at $33,167,000 after purchasing an additional 3,187,710 shares in the last quarter. HB Wealth Management LLC raised its holdings in shares of Patterson-UTI Energy by 42.0% in the second quarter. HB Wealth Management LLC now owns 17,150 shares of the oil and gas company’s stock worth $157,000 after buying an additional 5,076 shares during the last quarter. Finally, AlphaGrep UK Ltd purchased a new position in shares of Patterson-UTI Energy in the second quarter worth $563,000. 97.91% of the stock is owned by hedge funds and other institutional investors.

Patterson-UTI Energy Company Profile

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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.