Unit Corporation (UNT) Shares Sold by Brandywine Global Investment Management LLC
Brandywine Global Investment Management LLC trimmed its stake in Unit Corporation (NYSE:UNT) by 2.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 193,401 shares of the oil and gas company’s stock after selling 4,339 shares during the period. Brandywine Global Investment Management LLC owned about 0.37% of Unit Corporation worth $3,623,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in UNT. Ameritas Investment Partners Inc. purchased a new stake in shares of Unit Corporation in the 1st quarter valued at approximately $106,000. State of Alaska Department of Revenue raised its stake in shares of Unit Corporation by 82.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 10,428 shares of the oil and gas company’s stock valued at $195,000 after acquiring an additional 4,728 shares during the period. Jane Street Group LLC purchased a new stake in shares of Unit Corporation in the 1st quarter valued at approximately $200,000. Laurion Capital Management LP purchased a new stake in shares of Unit Corporation in the 1st quarter valued at approximately $205,000. Finally, Wedge Capital Management L L P NC raised its stake in shares of Unit Corporation by 9.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 11,394 shares of the oil and gas company’s stock valued at $213,000 after acquiring an additional 940 shares during the period. 92.57% of the stock is currently owned by institutional investors and hedge funds.
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Unit Corporation (NYSE:UNT) opened at 19.93 on Friday. The company has a 50 day moving average of $18.13 and a 200-day moving average of $19.16. The firm has a market cap of $1.05 billion, a PE ratio of 383.27 and a beta of 2.84. Unit Corporation has a one year low of $15.29 and a one year high of $30.63.
Unit Corporation (NYSE:UNT) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ 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 last year, the firm posted ($0.15) earnings per share. Unit Corporation’s revenue for the quarter was up 23.3% compared to the same quarter last year. On average, equities research analysts predict that Unit Corporation will post $0.51 earnings per share for the current year.
A number of research firms have recently issued reports on UNT. Zacks Investment Research downgraded shares of Unit Corporation from a “hold” rating to a “sell” rating in a research note on Thursday. Cowen and Company restated a “hold” rating and issued a $25.00 price objective on shares of Unit Corporation in a report on Sunday, September 17th. KLR Group upgraded shares of Unit Corporation from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Wednesday, August 23rd. Scotiabank set a $26.00 price objective on shares of Unit Corporation and gave the company a “hold” rating in a report on Thursday, August 3rd. Finally, BidaskClub cut shares of Unit Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $25.25.
Unit Corporation Company Profile
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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