Chicago Equity Partners LLC lowered its holdings in shares of Unit Co. (NYSE:UNT) by 6.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 171,391 shares of the oil and gas company’s stock after selling 12,390 shares during the period. Chicago Equity Partners LLC owned 0.31% of Unit worth $1,524,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of UNT. Bank of America Corp DE grew its holdings in Unit by 201.5% during the fourth quarter. Bank of America Corp DE now owns 80,140 shares of the oil and gas company’s stock worth $1,144,000 after purchasing an additional 53,558 shares during the period. Millennium Management LLC raised its position in Unit by 72.0% during the fourth quarter. Millennium Management LLC now owns 74,805 shares of the oil and gas company’s stock valued at $1,068,000 after purchasing an additional 31,309 shares in the last quarter. Norges Bank acquired a new stake in Unit in the fourth quarter valued at $17,695,000. Nisa Investment Advisors LLC increased its holdings in Unit by 123.1% in the first quarter. Nisa Investment Advisors LLC now owns 10,875 shares of the oil and gas company’s stock valued at $155,000 after purchasing an additional 6,000 shares during the period. Finally, Guinness Asset Management Ltd increased its holdings in Unit by 41.3% in the first quarter. Guinness Asset Management Ltd now owns 307,823 shares of the oil and gas company’s stock valued at $4,383,000 after purchasing an additional 90,000 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.
In other Unit news, EVP Frank Q. Young acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average price of $2.74 per share, with a total value of $27,400.00. Following the completion of the purchase, the executive vice president now directly owns 103,848 shares of the company’s stock, valued at approximately $284,543.52. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought a total of 19,000 shares of company stock worth $66,580 in the last ninety days. Insiders own 5.16% of the company’s stock.
UNT has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Unit from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Raymond James set a $14.00 price objective on shares of Unit and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, TheStreet lowered shares of Unit from a “c-” rating to a “d+” rating in a report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Unit has an average rating of “Hold” and an average price target of $19.00.
Shares of NYSE:UNT opened at $3.32 on Friday. Unit Co. has a one year low of $2.51 and a one year high of $29.06. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market cap of $184.94 million, a price-to-earnings ratio of 3.32 and a beta of 2.71. The firm has a fifty day moving average price of $3.92 and a two-hundred day moving average price of $9.85.
Unit (NYSE:UNT) last issued its earnings results on Tuesday, August 6th. The oil and gas company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.29). The business had revenue of $165.20 million during the quarter, compared to analysts’ expectations of $185.61 million. Unit had a positive return on equity of 1.31% and a negative net margin of 8.99%. Unit’s revenue for the quarter was down 18.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.21 EPS. Equities research analysts expect that Unit Co. will post -0.04 EPS for the current fiscal year.
Unit Corporation, together with its subsidiaries, engages in the exploration, acquisition, development, and production of oil and natural gas properties in the United States. It operates through three segments: Oil and Natural Gas, Contract Drilling, and Mid-Stream. The Oil and Natural Gas segment explores for, acquires, develops, and produces oil and natural gas properties.
Receive News & Ratings for Unit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unit and related companies with MarketBeat.com's FREE daily email newsletter.