Tudor Investment Corp ET AL Invests $2.21 Million in Patterson-UTI Energy

The hedge fund acquired a new stake in the oil and gas company's stock in the third quarter.

Mar. 29, 2026 at 10:58am

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Tudor Investment Corp ET AL acquired a new stake of 425,965 shares in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) in the third quarter, according to a recent SEC filing. The stake was valued at approximately $2,206,000, representing 0.11% ownership of the oil and gas company.

Why it matters

This investment by a major hedge fund signals potential institutional confidence in Patterson-UTI Energy's future prospects, despite the company's recent challenges in the volatile oil and gas industry.

The details

According to the 13F filing, Tudor Investment Corp ET AL added the new position in Patterson-UTI Energy during the third quarter. Patterson-UTI Energy is an oil and gas services company that provides contract drilling and pressure pumping services in North America.

  • The new stake was acquired in the third quarter of 2026.

The players

Tudor Investment Corp ET AL

A prominent hedge fund that has invested in Patterson-UTI Energy.

Patterson-UTI Energy, Inc.

An oil and gas services company that provides contract drilling and pressure pumping services in North America.

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What they’re saying

“Several research analysts have commented on the company. JPMorgan Chase & Co. restated an 'underweight' rating and set a $6.00 price objective (down from $7.00) on shares of Patterson-UTI Energy in a report on Wednesday, December 10th.”

— JPMorgan Chase & Co., Analyst

“The Goldman Sachs Group raised their price target on Patterson-UTI Energy from $7.00 to $9.00 and gave the company a 'buy' rating in a research note on Wednesday, March 4th.”

— The Goldman Sachs Group, Analyst

What’s next

Investors will be closely watching Patterson-UTI Energy's upcoming earnings reports and analyst commentary to gauge the company's performance and outlook.

The takeaway

This investment by Tudor Investment Corp ET AL suggests that some institutional investors see value in Patterson-UTI Energy's business, even as the company navigates challenges in the volatile oil and gas industry.