Nordea Investment Management Reduces Stake in Patterson-UTI Energy

The investment firm sold over 100,000 shares of the oil and gas company in Q4 2025.

Mar. 28, 2026 at 9:12am

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Nordea Investment Management AB reduced its holdings in shares of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) by 15.5% in the fourth quarter, according to the company's recent SEC filing. The firm now owns 554,420 shares of the oil and gas company's stock, valued at $3.4 million.

Why it matters

This reduction in ownership by a major institutional investor could signal broader market sentiment around Patterson-UTI Energy's prospects, as the company navigates industry challenges and seeks to maintain its position in the North American onshore drilling and pressure pumping services market.

The details

Nordea Investment Management sold 101,592 shares of Patterson-UTI Energy during the fourth quarter. The firm now owns a 0.15% stake in the company. Several other institutional investors and hedge funds have also recently adjusted their positions in PTEN, with some increasing and others decreasing their holdings.

  • Nordea Investment Management reported the share sale in its Q4 2025 SEC filing.

The players

Nordea Investment Management AB

A major European investment management firm that has reduced its stake in Patterson-UTI Energy.

Patterson-UTI Energy, Inc.

A Houston-based provider of onshore contract drilling and pressure pumping services to exploration and production companies in North America.

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The takeaway

This reduction in ownership by a major institutional investor like Nordea could signal broader market uncertainty around Patterson-UTI Energy's ability to navigate industry headwinds and maintain its competitive position in the North American onshore drilling services market.