As Patterson Uti Energy (PTEN) Shares Declined, Shareholder Geosphere Capital Management Boosted Its Stake; At&T (T) Holder Intrust Bank Na Has Decreased Position as Stock Declined

April 17, 2018 - By David Stenberg

AT&T Inc. (NYSE:T) Logo

Arvind Sanger increased its stake in Patterson Uti Energy Inc (PTEN) by 10.71% based on its latest 2017Q4 regulatory filing with the SEC. Geosphere Capital Management bought 15,000 shares as the company’s stock declined 22.71% with the market. The hedge fund run by Arvind Sanger held 155,000 shares of the energy company at the end of 2017Q4, valued at $3.57M, up from 140,000 at the end of the previous reported quarter. Geosphere Capital Management who had been investing in Patterson Uti Energy Inc for a number of months, seems to be bullish on the $4.42 billion market cap company. It closed at $20.01 lastly. It is down 24.28% since April 17, 2017 and is downtrending. It has underperformed by 35.83% the S&P500.

Intrust Bank Na decreased its stake in At&T Inc (T) by 7.3% based on its latest 2017Q4 regulatory filing with the SEC. Intrust Bank Na sold 8,319 shares as the company’s stock declined 10.37% with the market. The institutional investor held 105,703 shares of the telecommunications equipment company at the end of 2017Q4, valued at $4.11 million, down from 114,022 at the end of the previous reported quarter. Intrust Bank Na who had been investing in At&T Inc for a number of months, seems to be less bullish one the $231.49 billion market cap company. The stock increased 1.42% or $0.5 during the last trading session, reaching $35.64. About 24.90 million shares traded. AT&T Inc. (NYSE:T) has declined 15.88% since April 17, 2017 and is downtrending. It has underperformed by 27.43% the S&P500.

Investors sentiment decreased to 1.38 in 2017 Q4. Its down 0.03, from 1.41 in 2017Q3. It is negative, as 20 investors sold PTEN shares while 84 reduced holdings. 49 funds opened positions while 94 raised stakes. 212.21 million shares or 2.46% more from 207.11 million shares in 2017Q3 were reported. Ameritas Prns, a Nebraska-based fund reported 137,286 shares. Shell Asset Mngmt Communications accumulated 0.01% or 28,915 shares. Barclays Public Limited Liability Company owns 193,439 shares or 0% of their US portfolio. Western Asset Mngmt has invested 0.02% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Regions Corp accumulated 4,600 shares. Ranger Investment Management Lp stated it has 2,600 shares. Sumitomo Mitsui Tru Hldg owns 11,000 shares for 0% of their portfolio. Ironwood Investment Mngmt Lc reported 13,670 shares. Ny State Teachers Retirement Systems holds 264,811 shares. Amundi Pioneer Asset Management Inc accumulated 1.90 million shares or 0.07% of the stock. Amalgamated Bank invested in 0.03% or 42,232 shares. Bank Of Montreal Can stated it has 281,307 shares. Cubist Systematic Strategies Limited Liability Com invested in 65,432 shares or 0.08% of the stock. Oregon Public Employees Retirement Fund accumulated 60,954 shares. Metropolitan Life Ny reported 0.06% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN).

Among 31 analysts covering Patterson-UTI Energy Inc (NASDAQ:PTEN), 23 have Buy rating, 0 Sell and 8 Hold. Therefore 74% are positive. Patterson-UTI Energy Inc had 108 analyst reports since July 28, 2015 according to SRatingsIntel. Piper Jaffray maintained it with “Buy” rating and $20.5000 target in Monday, July 10 report. The stock has “Buy” rating by Guggenheim on Thursday, February 15. On Tuesday, June 6 the stock rating was maintained by Evercore with “Buy”. BMO Capital Markets maintained the shares of PTEN in report on Monday, January 15 with “Hold” rating. The stock of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) earned “Buy” rating by Citigroup on Wednesday, August 30. Jefferies maintained Patterson-UTI Energy, Inc. (NASDAQ:PTEN) rating on Thursday, February 8. Jefferies has “Buy” rating and $25.0 target. Credit Suisse downgraded the shares of PTEN in report on Wednesday, June 1 to “Underperform” rating. The rating was maintained by RBC Capital Markets on Friday, November 3 with “Buy”. The stock has “Hold” rating by Cowen & Co on Friday, February 9. The stock of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) earned “Neutral” rating by Credit Suisse on Friday, October 27.

Since March 13, 2018, it had 0 insider purchases, and 1 sale for $194,600 activity.

Geosphere Capital Management, which manages about $162.13 million and $56.79M US Long portfolio, decreased its stake in Carrizo Oil & Gas Inc (NASDAQ:CRZO) by 16,446 shares to 125,000 shares, valued at $2.66 million in 2017Q4, according to the filing.

Among 31 analysts covering AT&T Inc. (NYSE:T), 12 have Buy rating, 1 Sell and 18 Hold. Therefore 39% are positive. AT&T Inc. had 78 analyst reports since July 27, 2015 according to SRatingsIntel. The company was maintained on Monday, September 18 by Cowen & Co. Robert W. Baird maintained the shares of T in report on Wednesday, October 25 with “Outperform” rating. Barclays Capital downgraded the shares of T in report on Wednesday, October 26 to “Equal-Weight” rating. Robert W. Baird upgraded AT&T Inc. (NYSE:T) on Monday, December 12 to “Outperform” rating. Oppenheimer downgraded the stock to “Perform” rating in Tuesday, November 8 report. The company was maintained on Friday, July 14 by Barclays Capital. The stock of AT&T Inc. (NYSE:T) has “Hold” rating given on Monday, October 24 by Drexel Hamilton. Citigroup maintained AT&T Inc. (NYSE:T) on Friday, November 10 with “Buy” rating. The stock of AT&T Inc. (NYSE:T) has “Buy” rating given on Tuesday, April 11 by Argus Research. Barclays Capital maintained AT&T Inc. (NYSE:T) rating on Friday, April 13. Barclays Capital has “Equal-Weight” rating and $40 target.

Investors sentiment decreased to 0.91 in 2017 Q4. Its down 0.26, from 1.17 in 2017Q3. It dived, as 67 investors sold T shares while 714 reduced holdings. 125 funds opened positions while 589 raised stakes. 3.09 billion shares or 7.58% less from 3.34 billion shares in 2017Q3 were reported. Birch Hill Inv Advisors Limited Liability holds 29,863 shares. Anchor Advsrs Limited Liability Company holds 1.07% in AT&T Inc. (NYSE:T) or 780,085 shares. Warren Averett Asset Management holds 53,390 shares or 0.3% of its portfolio. 2,056 are held by Ckw Fin Gp. Dynamic Advsr Solutions, Arizona-based fund reported 92,301 shares. Adams Diversified Equity Fund holds 0.55% or 262,200 shares. Commonwealth Financial Bank Of Aus holds 1.11 million shares. 10,557 were accumulated by Old Mutual Invsts (Uk) Ltd. Regents Of The University Of California has 1.11% invested in AT&T Inc. (NYSE:T). Germany-based Deutsche Comml Bank Ag has invested 0.63% in AT&T Inc. (NYSE:T). Exane Derivatives, a France-based fund reported 21,350 shares. Modera Wealth Mngmt Lc has invested 0.3% in AT&T Inc. (NYSE:T). Kcm Inv Ltd Limited Liability Company holds 188,765 shares or 0.43% of its portfolio. Tru Of Toledo Na Oh owns 0.91% invested in AT&T Inc. (NYSE:T) for 93,678 shares. Crawford Inv Counsel owns 1.91% invested in AT&T Inc. (NYSE:T) for 1.58 million shares.

Analysts await AT&T Inc. (NYSE:T) to report earnings on April, 25 after the close. They expect $0.87 earnings per share, up 17.57% or $0.13 from last year’s $0.74 per share. T’s profit will be $5.65 billion for 10.24 P/E if the $0.87 EPS becomes a reality. After $0.78 actual earnings per share reported by AT&T Inc. for the previous quarter, Wall Street now forecasts 11.54% EPS growth.

Intrust Bank Na, which manages about $335.67M US Long portfolio, upped its stake in Ishares Tr (IEFA) by 132,274 shares to 144,716 shares, valued at $9.56M in 2017Q4, according to the filing. It also increased its holding in Spdr S&P 500 Etf Tr (SPY) by 5,536 shares in the quarter, for a total of 17,453 shares, and has risen its stake in Apple Inc (NASDAQ:AAPL).

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

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By1 David Stenberg

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