Martingale Asset Management L P trimmed its stake in Unit Co. (NYSE:UNT) by 16.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,047 shares of the oil and gas company’s stock after selling 6,700 shares during the period. Martingale Asset Management L P’s holdings in Unit were worth $487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE boosted its position in Unit by 44.4% during the third quarter. US Bancorp DE now owns 40,957 shares of the oil and gas company’s stock valued at $1,067,000 after purchasing an additional 12,601 shares during the last quarter. American Century Companies Inc. boosted its position in Unit by 2.0% during the third quarter. American Century Companies Inc. now owns 114,943 shares of the oil and gas company’s stock valued at $2,995,000 after purchasing an additional 2,216 shares during the last quarter. WINTON GROUP Ltd acquired a new position in Unit during the third quarter valued at approximately $290,000. Advisor Partners LLC acquired a new position in Unit during the third quarter valued at approximately $201,000. Finally, Prudential Financial Inc. boosted its position in Unit by 31.5% during the third quarter. Prudential Financial Inc. now owns 401,710 shares of the oil and gas company’s stock valued at $10,469,000 after purchasing an additional 96,240 shares during the last quarter. 89.66% of the stock is owned by institutional investors.

NYSE:UNT opened at $14.49 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $787.76 million, a price-to-earnings ratio of 14.49 and a beta of 2.75. Unit Co. has a 12-month low of $13.19 and a 12-month high of $29.06.

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

Several research analysts recently commented on UNT shares. Capital One Financial cut Unit from an “overweight” rating to an “equal weight” rating in a research report on Thursday, December 20th. ValuEngine cut Unit from a “sell” rating to a “strong sell” rating in a research report on Wednesday, February 27th. Stephens started coverage on Unit in a research report on Thursday, December 6th. They set an “equal weight” rating and a $25.00 price target for the company. MKM Partners started coverage on Unit in a research report on Wednesday, December 5th. They set a “neutral” rating and a $20.00 price target for the company. Finally, Zacks Investment Research raised Unit from a “sell” rating to a “hold” rating in a research report on Friday, March 8th. One equities research analyst has rated the stock with a sell rating and nine have given a hold rating to the company. Unit has a consensus rating of “Hold” and an average price target of $26.43.

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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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