SCHEDULE 13G/A: Pacer Entities Disclose 1.18% Passive Stake in Patterson-UTI Energy

Pacer US Small Cap Cash Cows ETF, Pacer Advisors, Inc., and Joe M. Thomson have jointly filed an amended Schedule 13G, disclosing a collective beneficial ownership of 1.18% of Patterson-UTI Energy, Inc.'s common stock as of March 31, 2025.

Summary

• Pacer US Small Cap Cash Cows ETF, Pacer Advisors, Inc., and Joe M. Thomson (collectively, the "Reporting Persons") have filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in Patterson-UTI Energy, Inc.
• As of March 31, 2025, the Reporting Persons collectively beneficially own 4,565,793 shares of Patterson-UTI Energy, Inc. common stock.
• This aggregate amount represents 1.18% of the issuer's common stock, based on 387,344,755 shares outstanding as of December 31, 2024, as provided by the Issuer.
• Pacer US Small Cap Cash Cows ETF directly owns 4,565,781 shares.
• Pacer Advisors, Inc. serves as the investment adviser to the Fund and maintains discretionary investment and voting authority over the 4,565,781 shares held by the Fund.
• Joe M. Thomson, as the majority stockholder of Pacer Advisors, Inc., is deemed a beneficial owner of the shares held by the Fund, in addition to 12 shares over which he has sole voting and dispositive power.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: Neutral, as this is a routine regulatory filing disclosing beneficial ownership and does not contain performance or strategic updates.

Positives

• The filing indicates a passive investment, suggesting no immediate intent to influence or control the issuer, which can be viewed as a stable, non-activist stake.

Negatives

• The document itself, being a routine ownership disclosure, does not inherently contain negative financial or operational information about the issuer.

Risks

• The document does not explicitly state risks related to the issuer's operations or financial health, as it is solely a disclosure of beneficial ownership.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant, albeit passive, ownership stake by institutional investors and an individual.
• Management: Awareness of a passive institutional holder's stake in the company.

Key Dates

Keywords

Patterson-UTI Energy, Pacer US Small Cap Cash Cows ETF, Pacer Advisors, Joe M. Thomson, Schedule 13G, Beneficial Ownership, Common Stock, Investment Fund, Passive Investment, SEC Filing, Energy Sector