Unit Corporation (UNT) Holdings Reduced by BlackRock Inc.

BlackRock Inc. lessened its position in Unit Corporation (NYSE:UNT) by 2.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,517,180 shares of the oil and gas company’s stock after selling 141,434 shares during the period. BlackRock Inc. owned about 12.34% of Unit Corporation worth $122,066,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of UNT. Ameritas Investment Partners Inc. bought a new stake in Unit Corporation during the 1st quarter worth about $106,000. Jane Street Group LLC bought a new stake in Unit Corporation during the 1st quarter worth about $200,000. State of Alaska Department of Revenue raised its holdings in Unit Corporation by 82.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 10,428 shares of the oil and gas company’s stock worth $195,000 after purchasing an additional 4,728 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in Unit Corporation by 9.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 11,394 shares of the oil and gas company’s stock worth $213,000 after purchasing an additional 940 shares during the last quarter. Finally, Mason Street Advisors LLC raised 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 during the last quarter. Institutional investors own 92.57% of the company’s stock.

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Unit Corporation (NYSE:UNT) traded up 0.64% during midday trading on Friday, reaching $17.40. The company had a trading volume of 46,422 shares. The stock’s 50 day moving average is $19.07 and its 200 day moving average is $18.76. Unit Corporation has a 12-month low of $15.29 and a 12-month high of $30.63. The firm has a market capitalization of $920.22 million, a price-to-earnings ratio of 334.62 and a beta of 2.84.

Unit Corporation (NYSE:UNT) last released its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.01. The firm had revenue of $170.58 million for the quarter, compared to the consensus estimate of $178.59 million. Unit Corporation had a return on equity of 2.07% and a net margin of 0.39%. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same period last year, the business posted ($0.15) EPS. Equities research analysts expect that Unit Corporation will post $0.51 earnings per share for the current year.

A number of analysts have recently commented on the company. Zacks Investment Research raised Unit Corporation from a “sell” rating to a “hold” rating in a research note on Friday, July 21st. Scotiabank reiterated a “hold” rating and issued a $26.00 price objective on shares of Unit Corporation in a research report on Friday, June 30th. 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 report on Tuesday, July 25th. Cowen and Company set a $25.00 price target on Unit Corporation and gave the stock a “hold” rating in a research report on Tuesday, July 18th. Finally, BidaskClub downgraded Unit Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price 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.

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

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