Rhumbline Advisers boosted its position in shares of Unit Corporation (NYSE:UNT) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 117,368 shares of the oil and gas company’s stock after purchasing an additional 4,441 shares during the period. Rhumbline Advisers owned 0.22% of Unit Corporation worth $2,198,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UNT. Louisiana State Employees Retirement System grew its position in Unit Corporation by 1.4% during the 1st quarter. Louisiana State Employees Retirement System now owns 21,000 shares of the oil and gas company’s stock worth $507,000 after purchasing an additional 300 shares in the last quarter. Nationwide Fund Advisors grew its position in Unit Corporation by 29.3% during the 1st quarter. Nationwide Fund Advisors now owns 66,417 shares of the oil and gas company’s stock worth $1,605,000 after purchasing an additional 15,062 shares in the last quarter. Russell Investments Group Ltd. grew its position in Unit Corporation by 2.2% during the 1st quarter. Russell Investments Group Ltd. now owns 87,695 shares of the oil and gas company’s stock worth $2,118,000 after purchasing an additional 1,911 shares in the last quarter. Wells Fargo & Company MN grew its position in Unit Corporation by 464.7% during the 1st quarter. Wells Fargo & Company MN now owns 368,008 shares of the oil and gas company’s stock worth $8,891,000 after purchasing an additional 302,835 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its position in Unit Corporation by 8.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 75,004 shares of the oil and gas company’s stock worth $1,811,000 after purchasing an additional 5,742 shares in the last quarter. Hedge funds and other institutional investors own 92.57% of the company’s stock.

Unit Corporation (UNT) opened at 18.14 on Friday. The stock has a market capitalization of $959.35 million, a PE ratio of 348.85 and a beta of 2.79. The stock’s 50 day moving average is $17.06 and its 200 day moving average is $19.61. Unit Corporation has a 12-month low of $15.03 and a 12-month high of $30.63.

Unit Corporation (NYSE:UNT) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, topping 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 company had revenue of $170.58 million during the quarter, compared to the consensus estimate of $178.59 million. During the same quarter in the prior year, the firm earned ($0.15) earnings per share. The firm’s revenue was up 23.3% compared to the same quarter last year. Analysts forecast that Unit Corporation will post $0.50 EPS for the current year.

Several research firms have recently commented on UNT. Zacks Investment Research cut shares of Unit Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. KLR Group upgraded shares of Unit Corporation from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Wednesday, August 23rd. Scotiabank set a $26.00 price target on shares of Unit Corporation and gave the company a “hold” rating in a report on Thursday, August 3rd. BidaskClub cut shares of Unit Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Cowen and Company set a $25.00 price target on shares of Unit Corporation and gave the company a “hold” rating in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $26.00.

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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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