Unit Co. (UNT) Holdings Increased by Victory Capital Management Inc.
Victory Capital Management Inc. raised its position in shares of Unit Co. (NYSE:UNT) by 20.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,898,423 shares of the oil and gas company’s stock after purchasing an additional 493,890 shares during the quarter. Victory Capital Management Inc. owned 0.05% of Unit worth $63,765,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC acquired a new stake in Unit during the 2nd quarter valued at approximately $214,000. Wedge Capital Management L L P NC increased its position in Unit by 31.5% during the 3rd quarter. Wedge Capital Management L L P NC now owns 14,984 shares of the oil and gas company’s stock valued at $308,000 after purchasing an additional 3,590 shares during the period. Macquarie Group Ltd. acquired a new stake in Unit during the 3rd quarter valued at approximately $313,000. Municipal Employees Retirement System of Michigan grew its position in shares of Unit by 58.8% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 19,820 shares of the oil and gas company’s stock worth $408,000 after buying an additional 7,340 shares during the period. Finally, Thrivent Financial For Lutherans grew its position in shares of Unit by 5.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 31,580 shares of the oil and gas company’s stock worth $591,000 after buying an additional 1,660 shares during the period. 94.93% of the stock is owned by institutional investors and hedge funds.
Unit Co. (UNT) opened at $21.86 on Tuesday. Unit Co. has a twelve month low of $15.29 and a twelve month high of $28.48. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.67 and a quick ratio of 0.66. The stock has a market capitalization of $1,214.12, a price-to-earnings ratio of 41.74 and a beta of 2.91.
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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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