MUFG Securities EMEA plc reduced its holdings in shares of Unit Co. (NYSE:UNT) by 25.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 51,868 shares of the oil and gas company’s stock after selling 18,146 shares during the quarter. MUFG Securities EMEA plc’s holdings in Unit were worth $461,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Meadow Creek Investment Management LLC increased its stake in shares of Unit by 30.1% in the second quarter. Meadow Creek Investment Management LLC now owns 17,304 shares of the oil and gas company’s stock valued at $154,000 after buying an additional 4,004 shares during the period. Glen Harbor Capital Management LLC increased its stake in shares of Unit by 30.1% in the second quarter. Glen Harbor Capital Management LLC now owns 21,012 shares of the oil and gas company’s stock valued at $187,000 after buying an additional 4,862 shares during the period. Commonwealth Bank of Australia increased its stake in shares of Unit by 66.4% in the second quarter. Commonwealth Bank of Australia now owns 21,800 shares of the oil and gas company’s stock valued at $193,000 after buying an additional 8,700 shares during the period. Alambic Investment Management L.P. acquired a new stake in shares of Unit in the second quarter valued at about $129,000. Finally, Elkfork Partners LLC increased its stake in shares of Unit by 30.1% in the second quarter. Elkfork Partners LLC now owns 13,596 shares of the oil and gas company’s stock valued at $121,000 after buying an additional 3,146 shares during the period. Institutional investors own 86.44% of the company’s stock.

In other Unit news, EVP Frank Q. Young bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were bought at an average price of $2.74 per share, for a total transaction of $27,400.00. Following the transaction, the executive vice president now directly owns 103,848 shares in the company, valued at $284,543.52. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have purchased 19,000 shares of company stock worth $66,580. 5.16% of the stock is owned by corporate insiders.

Shares of Unit stock traded up $0.06 on Friday, hitting $3.39. 17,309 shares of the company’s stock traded hands, compared to its average volume of 1,063,131. Unit Co. has a one year low of $2.51 and a one year high of $29.06. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.67 and a quick ratio of 0.67. The company has a fifty day moving average of $4.00 and a two-hundred day moving average of $9.92. The company has a market capitalization of $184.94 million, a price-to-earnings ratio of 3.39 and a beta of 2.71.

Unit (NYSE:UNT) last announced its earnings results on Tuesday, August 6th. The oil and gas company reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.29). Unit had a negative net margin of 8.99% and a positive return on equity of 1.31%. The business had revenue of $165.20 million for the quarter, compared to the consensus estimate of $185.61 million. During the same quarter in the previous year, the company earned $0.21 EPS. The firm’s revenue for the quarter was down 18.7% on a year-over-year basis. Equities research analysts anticipate that Unit Co. will post -0.04 earnings per share for the current year.

UNT has been the topic of several research analyst reports. Zacks Investment Research upgraded Unit from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. TheStreet lowered Unit from a “c-” rating to a “d+” rating in a research report on Tuesday, May 21st. Finally, Raymond James set a $14.00 target price on Unit and gave the company a “buy” rating in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Unit has a consensus rating of “Hold” and a consensus price target of $19.00.

Unit Company Profile

Unit Corporation, together with its subsidiaries, engages in the exploration, acquisition, development, and production of oil and natural gas properties in the United States. It operates through three segments: Oil and Natural Gas, Contract Drilling, and Mid-Stream. The Oil and Natural Gas segment explores for, acquires, develops, and produces oil and natural gas properties.

Featured Article: Liquidity

Want to see what other hedge funds are holding UNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unit Co. (NYSE:UNT).

Institutional Ownership by Quarter for Unit (NYSE:UNT)

Receive News & Ratings for Unit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unit and related companies with MarketBeat.com's FREE daily email newsletter.