Royce & Associates LP Sells 35,970 Shares of Unit Co. (UNT)

Royce & Associates LP decreased its position in shares of Unit Co. (NYSE:UNT) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 820,288 shares of the oil and gas company’s stock after selling 35,970 shares during the quarter. Royce & Associates LP owned approximately 1.55% of Unit worth $18,046,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of UNT. Northern Trust Corp grew its position in shares of Unit by 4.1% during the 2nd quarter. Northern Trust Corp now owns 645,149 shares of the oil and gas company’s stock worth $12,083,000 after buying an additional 25,480 shares in the last quarter. Vanguard Group Inc. boosted its position in Unit by 8.6% during the second quarter. Vanguard Group Inc. now owns 6,428,609 shares of the oil and gas company’s stock valued at $120,407,000 after purchasing an additional 511,139 shares in the last quarter. State Street Corp boosted its position in Unit by 4.3% during the second quarter. State Street Corp now owns 1,750,811 shares of the oil and gas company’s stock valued at $32,790,000 after purchasing an additional 72,505 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Unit by 4.1% during the second quarter. The Manufacturers Life Insurance Company now owns 40,593 shares of the oil and gas company’s stock valued at $761,000 after purchasing an additional 1,598 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in Unit by 10.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 43,579 shares of the oil and gas company’s stock valued at $816,000 after purchasing an additional 4,127 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Shares of Unit Co. (NYSE:UNT) opened at $20.18 on Thursday. Unit Co. has a 12-month low of $15.29 and a 12-month high of $28.44. The firm has a market capitalization of $1,075.57, a PE ratio of 34.79 and a beta of 2.91. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.66 and a current ratio of 0.67.

UNT has been the topic of a number of recent research reports. Zacks Investment Research downgraded Unit from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. SunTrust Banks reaffirmed a “buy” rating and set a $25.00 price objective on shares of Unit in a research report on Friday, November 3rd. Scotiabank reaffirmed a “hold” rating and set a $23.00 price objective on shares of Unit in a research report on Friday, November 3rd. ValuEngine downgraded Unit from a “hold” rating to a “sell” rating in a research report on Thursday, November 30th. Finally, Cowen set a $27.00 price objective on Unit and gave the company a “hold” rating in a research report on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.00.

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Unit 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 (NYSE:UNT)

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