🟢 Patterson-UTI Energy is trading 4% up today after BlackRock disclosed a 62.9-million-share stake

Patterson-UTI Energy is trading at $12.22, up +4.04%, after BlackRock disclosed a new 62.9-million-share position worth approximately $577 million.

• The position represents 16.49% ownership and likely strengthened sentiment toward Patterson-UTI Energy.
• Broader markets are supporting risk appetite: the S&P 500 is up 0.74% and NASDAQ Composite is up 1.50%, though the BlackRock filing is the more specific catalyst.