Unit Corp. (UNT) Stake Increased by Victory Capital Management Inc.
Victory Capital Management Inc. raised its position in Unit Corp. (NYSE:UNT) by 4.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,706,802 shares of the company’s stock after buying an additional 125,400 shares during the period. Victory Capital Management Inc. owned about 5.26% of Unit Corp. worth $50,347,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Capstone Asset Management Co. raised its stake in Unit Corp. by 2.2% in the second quarter. Capstone Asset Management Co. now owns 14,743 shares of the company’s stock valued at $229,000 after buying an additional 320 shares during the last quarter. PineBridge Investments L.P. raised its stake in Unit Corp. by 10.1% in the second quarter. PineBridge Investments L.P. now owns 6,521 shares of the company’s stock valued at $101,000 after buying an additional 597 shares during the last quarter. Arizona State Retirement System raised its stake in Unit Corp. by 2.3% in the second quarter. Arizona State Retirement System now owns 26,749 shares of the company’s stock valued at $416,000 after buying an additional 600 shares during the last quarter. Aperio Group LLC raised its stake in Unit Corp. by 3.0% in the third quarter. Aperio Group LLC now owns 36,539 shares of the company’s stock valued at $680,000 after buying an additional 1,066 shares during the last quarter. Finally, Profund Advisors LLC raised its stake in Unit Corp. by 7.3% in the second quarter. Profund Advisors LLC now owns 16,780 shares of the company’s stock valued at $261,000 after buying an additional 1,146 shares during the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.
Unit Corp. (NYSE:UNT) traded up 13.80% on Wednesday, reaching $23.66. The company’s stock had a trading volume of 140,391 shares. Unit Corp. has a 12-month low of $3.90 and a 12-month high of $23.97. The firm has a 50-day moving average of $19.08 and a 200 day moving average of $16.37. The company’s market capitalization is $1.22 billion.
Unit Corp. (NYSE:UNT) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.12. The business earned $153.40 million during the quarter, compared to the consensus estimate of $152.05 million. Unit Corp. had a negative return on equity of 2.61% and a negative net margin of 74.42%. The company’s quarterly revenue was down 27.8% on a year-over-year basis. During the same quarter last year, the company earned $0.03 earnings per share. On average, equities research analysts anticipate that Unit Corp. will post ($0.58) EPS for the current fiscal year.
Several equities research analysts have recently commented on the stock. KLR Group lowered shares of Unit Corp. from an “accumulate” rating to a “hold” rating and set a $20.00 price target for the company. in a research report on Monday, November 21st. Zacks Investment Research upgraded Unit Corp. from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Friday, November 18th. Finally, National Securities boosted their price objective on Unit Corp. from $21.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, November 7th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Unit Corp. has a consensus rating of “Buy” and an average price target of $20.17.
About Unit Corp.
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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