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.

Several analysts have recently commented on UNT shares. ValuEngine downgraded shares of Unit from a “hold” rating to a “sell” rating in a research report on Thursday, November 30th. Zacks Investment Research downgraded shares of Unit from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Scotiabank reaffirmed a “hold” rating and set a $23.00 price objective on shares of Unit in a research report on Friday, November 3rd. SunTrust Banks reaffirmed a “buy” rating and set a $25.00 price objective on shares of Unit in a research report on Friday, November 3rd. Finally, KLR Group downgraded shares of Unit from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $25.00.

TRADEMARK VIOLATION NOTICE: This piece was first posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international trademark & copyright law. The original version of this piece can be accessed at https://www.dailypolitical.com/2018/02/06/unit-co-unt-holdings-increased-by-victory-capital-management-inc.html.

Unit 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.

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.