Boosts Stake in Patterson-UTI Energy, Inc. (PTEN)

Wednesday, 14 Mar, 2018

The Sir Capital Management Lp holds 1.27 million shares with $26.56M value, up from 818,347 last quarter. Patterson-UTI Energy's payout ratio is -7.14%.

In related news, Director Tiffany J. Thom sold 2,574 shares of the firm's stock in a transaction that occurred on Tuesday, January 2nd. About 2.10 million shares traded or 1.85% up from the average. It has outperformed by 27.93% the S&P500.

Ameritas Investment Partners Inc increased Patterson Uti Energy Inc (PTEN) stake by 92.59% reported in 2017Q3 SEC filing. Springbok Capital Management Llc acquired 61,792 shares as Patterson Uti Energy Inc (PTEN)'s stock declined 16.81%. The hedge fund held 258,458 shares of the energy company at the end of 2017Q3, valued at $5.41M, down from 332,858 at the end of the previous reported quarter. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has risen 32.91% since March 8, 2017 and is uptrending. The stock increased 0.02% or $0.01 during the last trading session, reaching $58.86. 207.11 million shares or 3.18% more from 200.72 million shares in 2017Q2 were reported. Cummins Inc. (NYSE:CMI) has risen 43.32% since March 12, 2017 and is uptrending. It has outperformed by 16.04% the S&P500.

Investors sentiment decreased to 1.38 in 2017 Q3. Its up 0.65, from 0.84 in 2017Q2. It dropped, as 40 investors sold PTEN shares while 64 reduced holdings. During the same period last year, the business posted ($0.53) EPS. equities research analysts forecast that Patterson-UTI Energy will post 0.03 earnings per share for the current year. Grace & White Incorporated New York reported 13,800 shares. Mutual Of America Ltd Llc has invested 0.06% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Strategic Glob Advsrs Ltd invested in 24,189 shares or 0.19% of the stock. Vertex One Asset Management invested 1.05% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) by 20.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. North Carolina-based Carroll Finance has invested 0% in PBF Energy Inc. Finally, Ameriprise Financial Inc. lifted its position in Patterson-UTI Energy by 31.5% during the third quarter. First Eagle Invest Mngmt Limited Liability Company holds 0.01% of its portfolio in ARC Group Worldwide, Inc. (NASDAQ:PTEN). Estabrook Cap Mgmt holds 0% or 500 shares. Two research analysts have rated the stock with a sell rating, six have given a hold rating and twenty have issued a buy rating to the company. Therefore 71% are positive. Citigroup maintained the shares of MMM in report on Wednesday, October 25 with "Buy" rating. The firm has "Outperform" rating given on Monday, January 4 by IBC. Intrepid Management stated it has 5.17% of its portfolio in Patterson-UTI Energy, Inc. Piper Jaffray maintained it with "Buy" rating and $2200 target in Thursday, July 27 report. The company has market cap of $37.53 million. The company was maintained on Friday, April 28 by Jefferies. BMO Capital Markets upgraded Patterson-UTI Energy from a "market perform" rating to a "buy" rating in a research report on Wednesday, February 14th. The firm has "Neutral" rating by Citigroup given on Friday, March 18. Morgan Stanley maintained 3M Company (NYSE:MMM) on Monday, October 2 with "Underweight" rating.

Private Management Group Inc decreased Calpine Corp (NYSE:CPN) stake by 63,868 shares to 2.02M valued at $29.87 million in 2017Q3. It also reduced its holding in Landstar System Inc (NASDAQ:LSTR) by 17,163 shares in the quarter, leaving it with 62,460 shares, and cut its stake in Eog Resources Inc (NYSE:EOG). Starbucks Corp (NASDAQ:SBUX) was reduced too.

Analysts await Terex Corporation (NYSE:TEX) to report earnings on May, 1. The oil and gas company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.02). Finally, Cowen reiterated a "market perform" rating and issued a $23.00 price objective (down previously from $30.00) on shares of Patterson-UTI Energy in a report on Friday, February 9th. Therefore 48% are positive. Terex Corporation had 82 analyst reports since July 22, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with "Underperform" rating and $148 target in Friday, July 24 report.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. The company now has a consensus rating of "Buy" and a consensus price target of $26.21. The stock has "Buy" rating by Jefferies on Monday, August 14. As per Wednesday, July 13, the company rating was maintained by Citigroup. (NASDAQ:PTEN) has "Buy" rating given on Thursday, July 20 by RBC Capital Markets. Its down 0.20, from 0.91 in 2017Q2. 33 funds opened positions while 103 raised stakes. The firm owned 454,458 shares of the oil and gas company's stock after selling 46,338 shares during the quarter.

Huntsman Corporation (NYSE:HUN) is expected to pay $0.16 on Mar 30, 2018. 21,072 were reported by Kayne Anderson Rudnick Inv Ltd Limited Liability Company. Blackrock accumulated 25,586 shares. Parametric Associates Ltd Liability holds 14,292 shares or 0% of its portfolio. Tcw Gp invested in 93,852 shares. Aqr Cap Limited Liability Corporation stated it has 523,288 shares. The company had a trading volume of 1,422,354 shares, compared to its average volume of 4,116,661. Reilly Financial Advsr Limited Com has 0% invested in Terex Corporation (NYSE:TEX). Canada Pension Plan Board holds 0.01% or 152,000 shares. Jpmorgan Chase invested in 0% or 7,442 shares. (NYSE:PBF) for 16,713 shares. 651,279 are held by Swiss Bank.

Since September 15, 2017, it had 0 buys, and 6 sales for $1.65 million activity. The insider Clair Mark I sold $195,200. Tans Gillian sold $236,680 worth of stock. $388,828 worth of Terex Corporation (NYSE:TEX) was sold by FILIPOV STEVE. About 2.15M shares traded. 5 shares valued at $212 were bought by BARR KEVIN A on Friday, February 9. Its up 15.71% from 392,800 shares previously.

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