Unit Corporation (UNT) Shares Bought by Gotham Asset Management LLC
Gotham Asset Management LLC increased its holdings in shares of Unit Corporation (NYSE:UNT) by 40.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 60,096 shares of the oil and gas company’s stock after buying an additional 17,402 shares during the quarter. Gotham Asset Management LLC owned 0.11% of Unit Corporation worth $1,126,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. Swiss National Bank increased its holdings in Unit Corporation by 3.0% during the 1st quarter. Swiss National Bank now owns 84,800 shares of the oil and gas company’s stock worth $2,049,000 after purchasing an additional 2,500 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Unit Corporation by 7.2% during the 1st quarter. Ameriprise Financial Inc. now owns 306,271 shares of the oil and gas company’s stock worth $7,399,000 after purchasing an additional 20,580 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in Unit Corporation during the 1st quarter worth about $106,000. Mason Street Advisors LLC increased its holdings in Unit Corporation by 7.4% during the 1st quarter. Mason Street Advisors LLC now owns 12,078 shares of the oil and gas company’s stock worth $292,000 after purchasing an additional 827 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in Unit Corporation by 1.5% during the 1st quarter. Arizona State Retirement System now owns 26,949 shares of the oil and gas company’s stock worth $651,000 after purchasing an additional 400 shares in the last quarter. 92.57% of the stock is currently owned by institutional investors and hedge funds.
Unit Corporation (NYSE UNT) opened at 19.00 on Wednesday. Unit Corporation has a 12-month low of $15.29 and a 12-month high of $30.63. The company has a market cap of $1.00 billion, a PE ratio of 365.38 and a beta of 2.84. The firm’s 50-day moving average price is $18.75 and its 200-day moving average price is $19.04.
Unit Corporation (NYSE:UNT) last announced its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. Unit Corporation had a net margin of 0.39% and a return on equity of 2.07%. The firm had revenue of $170.58 million for the quarter, compared to analyst estimates of $178.59 million. During the same quarter in the prior year, the business earned ($0.15) earnings per share. The business’s quarterly revenue was up 23.3% compared to the same quarter last year. Equities research analysts forecast that Unit Corporation will post $0.51 earnings per share for the current fiscal year.
A number of research firms have issued reports on UNT. KLR Group cut Unit Corporation from a “buy” rating to a “hold” rating and lowered their target price for the stock from $23.00 to $19.00 in a report on Tuesday, July 25th. Zacks Investment Research cut Unit Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Cowen and Company set a $25.00 target price on Unit Corporation and gave the stock a “hold” rating in a report on Tuesday, July 18th. Scotiabank set a $26.00 target price on Unit Corporation and gave the stock a “hold” rating in a report on Thursday, August 3rd. Finally, BidaskClub cut Unit Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $25.25.
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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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