Drummond Robert Wayne Jr

Director Drummond sells 384k shares for $4.6M; stock up 20% in 30 days but company unprofitable with negative earnings.

Director Robert Wayne Drummond Jr. sold approximately 384,000 shares across two transactions in May, raising $4.6 million. This is notable because the stock has climbed significantly over the past month, yet Drummond chose to sell into that strength despite the company reporting negative earnings in both recent quarters. His own track record at this ticker is mixed: three of his four prior sales at Patterson UTI were well-timed, with the stock falling afterward, but one was poorly timed as shares rose. The company's fundamentals remain challenged—recent quarterly results show continued losses and revenue declining year-over-year—which may explain why Drummond is reducing exposure even as the stock price has recovered. This is a repeat seller; these are his 12th and 13th open-market sales in the past three years, suggesting a consistent pattern of trimming rather than accumulation.

Director Drummond Robert Wayne Jr sells entire 164,775 shares at $10.18; complete position exit amid 86.1% 90-day rally.

Director Drummond Robert Wayne Jr liquidated his entire position in PATTERSON UTI ENERGY INC—164,775 shares worth $1,677,409.50—on 2026-03-16 at $10.18, leaving zero shares post-transaction. The sale occurred as PTEN stock rose sharply, with 90-day and 30-day returns of +86.1% and +32.6% respectively; current price of $10.74 marks a new 52-week high. His same-ticker sell history at PTEN shows 2 of 2 prior measurable 90-day outcomes were well-timed (negative returns after sale dates), suggesting a pattern of exiting before declines. Conversely, his cross-ticker track record reveals a 100% well-timed sell rate across 9 prior sales with an average 90-day return of -14.4%, indicating this director has consistently sold before downturns across holdings. The company fundamentals remain pressured: negative full-year net income of $-36,402,000.00, annual revenue contraction of -10.2%, and a low P/E of 5.54 despite the recent rally, warranting scrutiny of whether this complete liquidation signals cautious positioning ahead.

Director Drummond sells 400,000 PTEN shares at $8.17; track record shows 100% well-timed sell rate at this ticker

Director Robert Wayne Drummond Jr. sold 400,000 shares of Patterson UTI Energy at $8.17 on 2026-02-13, reducing his holdings by 70.8% (from 564,775 to 164,775 shares) and generating $3,268,000.00 in proceeds. His prior trades at PTEN show a consistent pattern: two measurable prior sales at this ticker were both well-timed at the 90-day mark, with cumulative post-sale declines of 31.2% and 21.0% respectively. The current price of $7.92 is already 12.9% below the 52-week high of $9.09, and the company reported negative net income of $36,402,000.00 for the latest quarter with annual revenue declining 10.2% year-over-year. The substantial reduction in his position coincides with a company experiencing revenue contraction and operating losses, and occurs at a price that has gained 10.8% over the prior 30 days.

Director Drummond Robert Wayne Jr sold 230,000 shares of PTEN at $8.89 on 2025-02-14 (total $2.0M); retains 1.55M shares post-trade.

Drummond sold 230,000 shares representing a 12.9% reduction of his 1.78M pre-transaction position at $8.89, which is below the current price of $9.09 but well below the 52-week high of $12.52. His cross-ticker track record shows sells have been well-timed 100% of the time with an average 90-day return of -10.8%, meaning prior sales preceded stock declines. At PTEN specifically, his timing pattern is equally strong: all 3 prior sales (May 2024, March 2024, February 2024) were well-timed at the 90-day mark, with the most recent May 2024 sale preceded a -21.0% decline and earlier sales preceded -10.0% declines. However, PTEN's fundamentals present material headwinds—the company posted a net loss of $-978.8M on $1.4B quarterly revenue, reflecting unprofitability in the most recent full fiscal year, even as annual revenue growth stands at +29.7%. The pattern of consistent, well-timed exits from this position by a director, combined with deteriorating profitability despite revenue growth, suggests the insider may be positioning ahead of near-term weakness.

Director Robert Wayne Drummond Jr. purchases 18,000 XPRO shares at $11.39 amid 54.2% decline from 52-week high

Director Robert Wayne Drummond Jr. purchased 18,000 shares of EXPRO GROUP HOLDINGS N.V. at $11.39 on 2024-12-16, increasing his holdings by 35.2% to 69,181 shares. The purchase occurred while the stock trades 54.2% below its 52-week high of $24.23 and has declined 37.3% over 90 days and 12.7% over 30 days. Notably, the company reported negative full-year net income in its most recent fiscal year despite 18.2% annual revenue growth and a strong latest-quarter revenue of $422.8M and net income of $16.3M. The director's cross-ticker track record shows 7 prior open-market sales with a 100.00% well-timed rate (average 90-day return after those sales was negative), though this historical accuracy was demonstrated across multiple tickers rather than at XPRO specifically.