American Investment Services Has Upped By $3.99 Million Its Exxon Mobil (XOM) Stake; Patterson Uti Energy (PTEN)’s Sentiment Is 1.1

June 21, 2018 - By Ash

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Patterson Uti Energy Inc (PTEN) investors sentiment decreased to 1.1 in 2018 Q1. It’s down -0.28, from 1.38 in 2017Q4. The ratio is negative, as 138 hedge funds opened new or increased equity positions, while 126 reduced and sold equity positions in Patterson Uti Energy Inc. The hedge funds in our database reported: 204.98 million shares, down from 212.21 million shares in 2017Q4. Also, the number of hedge funds holding Patterson Uti Energy Inc in top ten equity positions decreased from 8 to 4 for a decrease of 4. Sold All: 36 Reduced: 90 Increased: 90 New Position: 48.

American Investment Services Inc increased Exxon Mobil Corp (XOM) stake by 44.25% reported in 2018Q1 SEC filing. American Investment Services Inc acquired 53,887 shares as Exxon Mobil Corp (XOM)’s stock declined 0.16%. The American Investment Services Inc holds 175,668 shares with $13.11 million value, up from 121,781 last quarter. Exxon Mobil Corp now has $338.88 billion valuation. The stock decreased 0.51% or $0.41 during the last trading session, reaching $80.04. About 2.87 million shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 3.72% since June 21, 2017 and is downtrending. It has underperformed by 16.29% the S&P500. Some Historical XOM News: 17/05/2018 – Exxon’s Baytown, Texas refinery completes crude unit overhaul; 06/03/2018 – Aramco Unafraid of Electric Cars, Exxon Algae Fuel: Energy Wrap; 07/03/2018 – Exxon CEO Comes Out Swinging on Earnings — Barron’s Blog; 08/05/2018 – QP’S CEO SAYS EXPECTS TO MAKE FINAL INVESTMENT DECISION ON GOLDEN PASS EXPANSION WITH EXXONMOBIL BY YEAR END; 23/03/2018 – Shell to sell West Qurna 1 oilfield stake to Japan’s ltochu for $406 mln; 05/03/2018 EXXON-LED CONSORTIUM XOM.N SUBMITS INTEREST FOR BLOCKS WEST, SOUTHWEST OF CRETE- LICENSING AUTHORITY; 16/05/2018 – ExxonMobil: ISS Issued Voting Recommendation Inconsistent With Board’s Recommendation on Say-on-Pay Proposal; 12/05/2018 – KPRC 2 Houston: #BREAKING: Person shot at Exxon gas station on #Houston’s south side, police say -; 17/04/2018 – Colorado Exxon Suit Shows Climate Concerns Not Unique to Coasts; 27/04/2018 – Exxon Mobil 1Q U.S. Upstream Net $429M

Another recent and important Patterson-UTI Energy, Inc. (NASDAQ:PTEN) news was published by Nasdaq.com which published an article titled: “New Research: Key Drivers of Growth for Global Payments, Patterson-UTI Energy, Celanese, Westlake Chemical, Las …” on June 12, 2018.

Analysts await Patterson-UTI Energy, Inc. (NASDAQ:PTEN) to report earnings on July, 26. They expect $-0.04 earnings per share, up 80.95% or $0.17 from last year’s $-0.21 per share. After $-0.16 actual earnings per share reported by Patterson-UTI Energy, Inc. for the previous quarter, Wall Street now forecasts -75.00% EPS growth.

Elm Ridge Management Llc holds 5.59% of its portfolio in Patterson-UTI Energy, Inc. for 665,824 shares. Covalent Partners Llc owns 283,320 shares or 4.73% of their US portfolio. Moreover, Energy Opportunities Capital Management Llc has 4.35% invested in the company for 310,705 shares. The Florida-based Intrepid Capital Management Inc has invested 4.08% in the stock. Brenham Capital Management L.P., a Texas-based fund reported 1.50 million shares.

Ratings analysis reveals 44% of Patterson-UTI’s analysts are positive. Out of 9 Wall Street analysts rating Patterson-UTI, 4 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $26.0 while the high is $27.0. The stock’s average target of $26.33 is 46.85% above today’s ($17.93) share price. PTEN was included in 9 notes of analysts from September 14, 2016. Cowen & Co downgraded Patterson-UTI Energy, Inc. (NASDAQ:PTEN) on Thursday, January 19 to “Market Perform” rating. As per Tuesday, February 14, the company rating was upgraded by Guggenheim. The stock of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) earned “Buy” rating by SunTrust on Wednesday, January 18. The firm earned “Neutral” rating on Wednesday, January 4 by Credit Suisse. Howard Weil maintained it with “Sector Perform” rating and $27.0 target in Friday, October 28 report. The firm earned “Neutral” rating on Wednesday, December 7 by JP Morgan. As per Wednesday, April 5, the company rating was upgraded by Instinet. The stock has “Buy” rating by Gabelli on Wednesday, September 14. The stock has “Neutral” rating by Goldman Sachs on Friday, December 16.

Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada. The company has market cap of $3.98 billion. The companyÂ’s Contract Drilling segment markets its contract drilling services primarily in Texas, southeastern New Mexico, northern Louisiana, Colorado, Wyoming, North Dakota, Oklahoma, Pennsylvania, Ohio, West Virginia, and western Canada. It has a 111.37 P/E ratio. As of December 31, 2016, this segment had a drilling fleet of 202 marketable land drilling rigs.

Since January 1, 0001, it had 0 buys, and 1 insider sale for $194,600 activity.

The stock decreased 1.38% or $0.25 during the last trading session, reaching $17.93. About 962,505 shares traded. Patterson-UTI Energy, Inc. (PTEN) has risen 0.05% since June 21, 2017 and is uptrending. It has underperformed by 12.52% the S&P500. Some Historical PTEN News: 04/04/2018 – PATTERSON-UTI ENERGY INC – FOR MONTH OF MARCH 2018, COMPANY HAD AN AVERAGE OF 172 DRILLING RIGS OPERATING; 26/04/2018 – Patterson-UTI Energy Reports Financial Results for Three Months Ended March 31, 2018; 04/04/2018 – Patterson-UTI Reports Drilling Activity for March 2018; 04/04/2018 – Patterson-UTI: March Average of 169 Drilling Rigs Operating; 26/04/2018 – Patterson-UTI 1Q Loss/Shr 16c; 02/04/2018 – PATTERSON-UTI ENERGY INC SAYS CREDIT AGREEMENT AMENDS AND RESTATES COMPANY’S 2012 CREDIT AGREEMENT; 02/04/2018 – Patterson-UTI Energy Announces $600 Million Credit Agreement; 02/04/2018 – PATTERSON-UTI ENERGY -ENTERED INTO FIVE-YEAR CREDIT AGREEMENT WITH A GROUP OF FINANCIAL INSTITUTIONS LED BY WELLS FARGO BANK, NATIONAL ASSOCIATION; 02/04/2018 – Fidelity Select Energy Service Adds Patterson-UTI; 27/03/2018 – PATTERSON-UTI ENERGY INC – MATURITY DATE UNDER CREDIT AGREEMENT IS MARCH 27, 2023

More notable recent Exxon Mobil Corporation (NYSE:XOM) news were published by: Seekingalpha.com which released: “Exxon Mobil Is Returning To Its Roots” on June 20, 2018, also Seekingalpha.com with their article: “Exxon Mobil’s Returning To Its Roots” published on June 18, 2018, Seekingalpha.com published: “Exxon Mobil bulks up energy trading” on June 12, 2018. More interesting news about Exxon Mobil Corporation (NYSE:XOM) were released by: Seekingalpha.com and their article: “Exxon Mobil Becomes A Political Battleground” published on May 25, 2018 as well as Fool.com‘s news article titled: “ExxonMobil Is Spending Billions of Dollars to Solve the Permian Basin’s Biggest Problem” with publication date: June 13, 2018.

Among 27 analysts covering Exxon Mobil (NYSE:XOM), 11 have Buy rating, 5 Sell and 11 Hold. Therefore 41% are positive. Exxon Mobil had 97 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Hold” rating by Jefferies on Thursday, October 19. The company was upgraded on Thursday, May 11 by Bank of America. The firm has “Underperform” rating given on Wednesday, November 18 by Raymond James. The company was upgraded on Wednesday, September 6 by UBS. The firm has “Neutral” rating given on Thursday, March 2 by Credit Suisse. Scotia Capital upgraded the shares of XOM in report on Monday, June 5 to “Buy” rating. The rating was maintained by Credit Suisse with “Neutral” on Monday, April 30. RBC Capital Markets maintained Exxon Mobil Corporation (NYSE:XOM) rating on Thursday, July 20. RBC Capital Markets has “Hold” rating and $8800 target. Cowen & Co maintained the shares of XOM in report on Tuesday, September 19 with “Buy” rating. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Underperform” rating by Morgan Stanley on Wednesday, October 18.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Institutional Positions Chart

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