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Tudor Investment Corp ET AL Invests $2.21 Million in Patterson-UTI Energy
Tudor Investment Corp ET AL has acquired a new stake of 425,965 shares, valued at $2.21 million, in Patterson-UTI Energy (NASDAQ:PTEN) during the third quarter. This investment by the hedge fund signals institutional confidence despite challenges in the oil and gas industry. Analysts have mixed views, with JPMorgan Chase & Co. maintaining an ‘underweight’ rating, and The Goldman Sachs Group upgrading to a ‘buy’ rating with a higher price target.