American Century Companies Boosts Stake in Patterson-UTI Energy

Investment firm increases ownership in oil and gas drilling company by 7.9% in Q3

Published on Mar. 4, 2026

Got story updates? Submit your updates here. ›

American Century Companies Inc. has increased its stake in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) by 7.9% during the third quarter, according to a recent SEC filing. The investment firm now owns approximately 15.6 million shares, or 4.11%, of the oil and gas drilling company's stock.

Why it matters

This move by a major institutional investor signals continued confidence in Patterson-UTI Energy's outlook, despite the volatility in the oil and gas industry. As one of the largest onshore contract drilling and pressure pumping services providers in North America, Patterson-UTI's performance is seen as a bellwether for the broader sector.

The details

American Century Companies purchased an additional 1,135,704 shares of Patterson-UTI Energy during the third quarter, bringing its total ownership to 15,599,294 shares. This represents about 4.11% of the company's outstanding stock. The investment firm cited Patterson-UTI's strong market position and growth potential as reasons for increasing its stake in the company.

  • American Century Companies disclosed the increased stake in a filing with the SEC on March 4, 2026.

The players

American Century Companies Inc.

A major investment management firm that oversees over $200 billion in assets.

Patterson-UTI Energy, Inc.

A leading provider of onshore contract drilling and pressure pumping services in North America.

Got photos? Submit your photos here. ›

The takeaway

This investment by American Century Companies underscores the long-term growth potential that major institutional investors see in Patterson-UTI Energy, despite the cyclical nature of the oil and gas industry. It signals confidence in the company's ability to navigate market volatility and capitalize on opportunities in the years ahead.