Teachers Advisors LLC Has $2.76 Million Position in Unit Corporation (UNT)
Teachers Advisors LLC reduced its stake in shares of Unit Corporation (NYSE:UNT) by 77.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 114,068 shares of the oil and gas company’s stock after selling 394,119 shares during the period. Teachers Advisors LLC’s holdings in Unit Corporation were worth $2,756,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in UNT. Victory Capital Management Inc. boosted its position in Unit Corporation by 4.0% in the first quarter. Victory Capital Management Inc. now owns 2,416,427 shares of the oil and gas company’s stock valued at $58,381,000 after buying an additional 91,980 shares during the period. Prudential Financial Inc. boosted its position in Unit Corporation by 50.4% in the first quarter. Prudential Financial Inc. now owns 894,330 shares of the oil and gas company’s stock valued at $21,607,000 after buying an additional 299,550 shares during the period. JPMorgan Chase & Co. boosted its position in Unit Corporation by 14.5% in the first quarter. JPMorgan Chase & Co. now owns 886,727 shares of the oil and gas company’s stock valued at $21,423,000 after buying an additional 112,458 shares during the period. Norges Bank acquired a new position in Unit Corporation during the fourth quarter valued at about $14,007,000. Finally, Principal Financial Group Inc. boosted its position in Unit Corporation by 0.7% in the first quarter. Principal Financial Group Inc. now owns 394,708 shares of the oil and gas company’s stock valued at $9,536,000 after buying an additional 2,802 shares during the period. 91.60% of the stock is currently owned by institutional investors and hedge funds.
Unit Corporation (NYSE:UNT) traded down 4.45% during trading on Tuesday, hitting $16.11. The stock had a trading volume of 42,452 shares. The stock has a market cap of $851.99 million, a price-to-earnings ratio of 309.81 and a beta of 2.76. Unit Corporation has a 12 month low of $14.39 and a 12 month high of $30.63. The firm has a 50 day moving average of $18.11 and a 200-day moving average of $21.11.
Unit Corporation (NYSE:UNT) last posted its earnings results 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 company had revenue of $170.58 million during the quarter, compared to the consensus estimate of $178.59 million. Unit Corporation had a net margin of 0.39% and a return on equity of 2.07%. The firm’s quarterly revenue was up 23.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.15) earnings per share. Equities analysts predict that Unit Corporation will post $0.53 earnings per share for the current year.
UNT has been the topic of several research analyst reports. National Securities reissued a “buy” rating and set a $30.00 price target on shares of Unit Corporation in a report on Monday, May 8th. KLR Group raised Unit Corporation from a “reduce” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Friday, May 5th. Zacks Investment Research raised Unit Corporation from a “sell” rating to a “hold” rating in a report on Friday, July 21st. Cowen and Company set a $25.00 price target on Unit Corporation and gave the company a “hold” rating in a report on Tuesday, July 18th. Finally, Scotiabank reissued a “hold” rating and set a $26.00 price target on shares of Unit Corporation in a report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Unit Corporation currently has an average rating of “Hold” and a consensus price target 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.
Want to see what other hedge funds are holding UNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unit Corporation (NYSE:UNT).
Receive News & Ratings for Unit Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unit Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.