How Insiders and Institutions are Trading Patterson-UTI Energy, Inc. (PTEN)

Institutional investors and hedge funds own 98.70% of the company's stock.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) may have great momentum, but how has it been performing relative to the market? World Asset Management Inc now owns 12,324 shares of the oil and gas company's stock worth $249,000 after acquiring an additional 295 shares in the last quarter. Riverhead Capital Management LLC raised its position in Patterson-UTI Energy by 86.2% during the second quarter. The Company owns and operates a fleet of land-based drilling rigs and a fleet of pressure pumping equipment in the United States. Arizona State Retirement System increased its position in shares of Patterson-UTI Energy by 0.7% during the second quarter. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. Vanguard Group Inc. grew its holdings in shares of Patterson-UTI Energy by 14.4% during the 1st quarter. Thrivent Financial for Lutherans now owns 1,907,240 shares of the company's stock valued at $40,663,000 after buying an additional 1,157,420 shares during the period. PNC Financial Services Group Inc. raised its position in Patterson-UTI Energy by 11.7% during the second quarter. Waddell & Reed Financial Inc. now owns 2,022,280 shares of the company's stock valued at $43,115,000 after buying an additional 1,006,850 shares during the period.

06/06/2017 - Patterson-UTI Energy, Inc. had its "outperform" rating reiterated by analysts at Evercore ISI. (NASDAQ:PTEN) for 1.50M shares.

Investigating the productivity proportions of Patterson-UTI Energy, Inc., (NASDAQ: PTEN) stock, speculator will discover its ROE, ROA, ROI remaining at -14.1%, -8.9% and -2.6%, individually. The share price has yet to cross its 20 days moving average, floating at a distance of -1.36% and sits 6.01% higher versus its 50 days moving average. The company shares sank -6.42% from their peak of $ 25.25 and now has a $2.59 billion market value of equity. The company's revenue for the quarter was up 232.3% on a year-over-year basis.

Looking at some ROIC (Return on Invested Capital) numbers, Patterson-UTI Energy, Inc. Its mean Altman Z-Score: 1.97 during the last 7 years, while average Beneish M-Score: 0.65 during the last 7 years.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock.

Patterson-UTI Energy, Inc.is maintained at an average outperform rating by 28 stock analysts, and there are at least 6.68% of shares outstanding that are now legally short sold.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, December 8th will be given a $0.02 dividend. The ex-dividend date is Tuesday, December 6th. This represents a $0.08 annualized dividend and a dividend yield of 0.37%. Patterson-UTI Energy's payout ratio is -5.16%.

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Shares of Patterson-UTI Energy (NASDAQ PTEN) traded down 0.56% on Monday, hitting $19.65.

A number of equities research analysts have issued reports on PTEN shares.

06/06/2017 - Patterson-UTI Energy, Inc. was downgraded to "peerperform" by analysts at Wolfe Research. These analysts have also projected a Low Estimate of $-0.2/share and a High Estimate of $-0.05/share. Patterson-UTI Energy Inc had 5 analyst reports since March 23, 2017 according to SRatingsIntel.

07/11/2017 - Patterson-UTI Energy, Inc. had its "neutral" rating reiterated by analysts at Piper Jaffray. They issued a "buy" rating and a $25.00 price objective for the company. Nomura set a $18.00 price objective on shares of Patterson-UTI Energy and gave the company a "hold" rating in a research note on Tuesday, August 16th. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold".

AutoWeb, Inc., formerly Autobytel Inc., is an automotive marketing services firm that assists automotive retail dealers and automotive manufacturers market and sell new and used vehicles to clients through the programs for online lead referrals, dealer marketing services and products, and online advertising programs and mobile products. The Company's segments include Contract Drilling, Pressure Pumping and Other operations.

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