Allspring Global Investments Trims Stake in Patterson-UTI Energy

The investment firm reduced its holdings in the oil and gas company by 5.7% in Q4 2025.

Apr. 4, 2026 at 7:26am

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Allspring Global Investments Holdings LLC lowered its stake in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) by 5.7% during the fourth quarter of 2025, according to a disclosure filed with the Securities and Exchange Commission. The fund now owns 3,601,806 shares of the oil and gas company's stock, representing a 0.95% ownership stake valued at $23,304,000.

Why it matters

This transaction provides insight into the investment strategy and portfolio adjustments of Allspring Global Investments, a major institutional investor. Changes in ownership stakes of public companies can signal broader market trends or shifts in investor sentiment around a particular industry or stock.

The details

Allspring Global Investments sold 218,974 shares of Patterson-UTI Energy during the fourth quarter. The oil and gas services company's stock price has fluctuated between $5.10 and $11.75 over the past 52 weeks. Patterson-UTI provides onshore contract drilling and pressure pumping services to exploration and production companies across North America.

  • Allspring Global Investments filed the disclosure on April 4, 2026.
  • The transaction occurred during the fourth quarter of 2025.

The players

Allspring Global Investments Holdings LLC

A major investment management firm that owns a significant stake in Patterson-UTI Energy.

Patterson-UTI Energy, Inc.

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

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The takeaway

This transaction reflects Allspring Global Investments' ongoing portfolio management as it adjusts its holdings in the oil and gas services sector. The move could signal the firm's view on the near-term outlook for Patterson-UTI Energy and the broader industry.