Brandywine Global Investment Management LLC raised its stake in shares of Unit Co. (NYSE:UNT) by 5.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 185,641 shares of the oil and gas company’s stock after purchasing an additional 9,527 shares during the period. Brandywine Global Investment Management LLC owned 0.34% of Unit worth $2,651,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in UNT. Meeder Asset Management Inc. raised its position in Unit by 1,732.8% during the 4th quarter. Meeder Asset Management Inc. now owns 4,197 shares of the oil and gas company’s stock worth $61,000 after purchasing an additional 3,968 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Unit by 1,200.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,875 shares of the oil and gas company’s stock worth $70,000 after purchasing an additional 4,500 shares during the last quarter. CoreCommodity Management LLC bought a new position in Unit during the 4th quarter worth $134,000. Rafferty Asset Management LLC bought a new position in Unit during the 4th quarter worth $154,000. Finally, United Services Automobile Association raised its position in Unit by 7.3% during the 4th quarter. United Services Automobile Association now owns 12,302 shares of the oil and gas company’s stock worth $176,000 after purchasing an additional 838 shares during the last quarter. 89.15% of the stock is owned by institutional investors and hedge funds.

UNT stock opened at $14.69 on Friday. Unit Co. has a 1-year low of $13.19 and a 1-year high of $29.06. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $798.70 million, a PE ratio of 14.69 and a beta of 2.75.

Unit (NYSE:UNT) last posted its quarterly earnings data on Thursday, February 21st. The oil and gas company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.04). Unit had a positive return on equity of 3.31% and a negative net margin of 5.37%. The business had revenue of $214.80 million during the quarter, compared to the consensus estimate of $213.99 million. During the same period last year, the business posted $0.22 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. Analysts expect that Unit Co. will post 0.74 earnings per share for the current year.

Several research firms have recently weighed in on UNT. Capital One Financial lowered Unit from an “overweight” rating to an “equal weight” rating in a research report on Thursday, December 20th. Zacks Investment Research raised Unit from a “sell” rating to a “hold” rating in a research report on Friday, March 8th. ValuEngine raised Unit from a “strong sell” rating to a “sell” rating in a research report on Friday, February 15th. Raymond James lowered Unit from a “strong-buy” rating to a “market perform” rating in a research report on Thursday, December 13th. Finally, MKM Partners began coverage on Unit in a research report on Wednesday, December 5th. They issued a “neutral” rating and a $20.00 price objective for the company. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.50.

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About Unit

Unit Corporation, together with its subsidiaries, operates as a diversified energy company in the United States. The company operates through three segments: Oil and Natural Gas, Contract Drilling, and Mid-Stream. The Oil and Natural Gas segment acquires, explores, develops, and produces oil and natural gas properties.

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Institutional Ownership by Quarter for Unit (NYSE:UNT)

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