Shell Asset Management Co. maintained its stake in Unit Corporation (NYSE:UNT) during the second quarter, Holdings Channel reports. The firm owned 48,715 shares of the oil and gas company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Unit Corporation were worth $912,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. State of Alaska Department of Revenue raised its stake in Unit Corporation by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 5,700 shares of the oil and gas company’s stock worth $137,000 after buying an additional 130 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Unit Corporation by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 21,000 shares of the oil and gas company’s stock worth $507,000 after buying an additional 300 shares during the last quarter. Arizona State Retirement System raised its stake in Unit Corporation by 1.5% in the first quarter. Arizona State Retirement System now owns 26,949 shares of the oil and gas company’s stock worth $651,000 after buying an additional 400 shares during the last quarter. Mason Street Advisors LLC raised its stake in Unit Corporation by 7.4% in the first quarter. Mason Street Advisors LLC now owns 12,078 shares of the oil and gas company’s stock worth $292,000 after buying an additional 827 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in Unit Corporation by 9.7% in the first quarter. Wedge Capital Management L L P NC now owns 10,454 shares of the oil and gas company’s stock worth $253,000 after buying an additional 925 shares during the last quarter. 91.29% of the stock is currently owned by institutional investors and hedge funds.

Unit Corporation (NYSE UNT) opened at 17.65 on Thursday. Unit Corporation has a 52-week low of $13.46 and a 52-week high of $30.63. The stock’s market capitalization is $932.33 million. The company’s 50-day moving average price is $18.09 and its 200 day moving average price is $21.38.

Unit Corporation (NYSE:UNT) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $170.58 million during the quarter, compared to analysts’ expectations of $178.59 million. Unit Corporation had a return on equity of 2.07% and a net margin of 0.39%. The business’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.15) earnings per share. On average, equities research analysts anticipate that Unit Corporation will post $0.71 earnings per share for the current year.

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A number of research firms recently commented on UNT. Zacks Investment Research raised Unit Corporation from a “sell” rating to a “hold” rating in a research note on Friday, July 21st. Cowen and Company set a $25.00 price objective on Unit Corporation and gave the company a “hold” rating in a research note on Tuesday, July 18th. Scotiabank reaffirmed a “hold” rating and set a $26.00 price objective on shares of Unit Corporation in a research note on Friday, June 30th. National Securities reaffirmed a “buy” rating and set a $30.00 price objective on shares of Unit Corporation in a research note on Monday, May 8th. Finally, KLR Group lowered Unit Corporation from a “buy” rating to a “hold” rating and decreased their price objective for the company from $23.00 to $19.00 in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.80.

About Unit Corporation

Unit Corporation is an oil and natural gas contract drilling company. The Company has operations in the exploration and production and mid-stream areas. The Company operates through three segments: Oil and Natural Gas, Contract Drilling and Mid-Stream. It is primarily engaged in the exploration, development, acquisition, and production of oil and natural gas properties, the land contract drilling of natural gas and oil wells, and the buying, selling, gathering, processing and treating of natural gas.

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Institutional Ownership by Quarter for Unit Corporation (NYSE:UNT)

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