Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Unit Corporation (NYSE:UNT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 16,750 shares of the oil and gas company’s stock, valued at approximately $314,000.

Other large investors have also recently bought and sold shares of the company. Ameritas Investment Partners Inc. bought a new position in Unit Corporation in the 1st quarter worth $106,000. Jane Street Group LLC bought a new position in Unit Corporation in the 1st quarter worth $200,000. Laurion Capital Management LP bought a new position in Unit Corporation in the 1st quarter worth $205,000. State of Alaska Department of Revenue raised its holdings in Unit Corporation by 82.9% in 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 in the last quarter. Finally, Wedge Capital Management L L P NC raised its holdings in Unit Corporation by 9.0% in 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 in the last quarter. Institutional investors own 92.57% of the company’s stock.

Shares of Unit Corporation (UNT) opened at 18.53 on Monday. The stock has a market capitalization of $979.98 million, a P/E ratio of 356.35 and a beta of 2.79. Unit Corporation has a 52-week low of $15.03 and a 52-week high of $30.63. The stock has a 50 day moving average of $17.07 and a 200-day moving average of $19.55.

Unit Corporation (NYSE:UNT) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. The firm had revenue of $170.58 million during 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 firm’s quarterly revenue was up 23.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.15) earnings per share. Analysts predict that Unit Corporation will post $0.50 EPS for the current fiscal year.

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Several research analysts have commented on UNT shares. Scotiabank restated a “hold” rating and issued a $26.00 price objective on shares of Unit Corporation in a report on Friday, June 30th. Cowen and Company set a $25.00 price objective on shares of Unit Corporation and gave the stock a “hold” rating in a report on Tuesday, July 18th. Zacks Investment Research upgraded shares of Unit Corporation from a “sell” rating to a “hold” rating in a report on Friday, July 21st. KLR Group lowered shares of Unit Corporation from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $23.00 to $19.00 in a report on Tuesday, July 25th. Finally, BidaskClub lowered shares of Unit Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $26.00.

About Unit Corporation

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

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