Meadow Creek Investment Management LLC lifted its stake in Unit Co. (NYSE:UNT) by 26.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,940 shares of the oil and gas company’s stock after buying an additional 2,100 shares during the period. Meadow Creek Investment Management LLC’s holdings in Unit were worth $254,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of Unit by 6.5% in the second quarter. BlackRock Inc. now owns 7,553,979 shares of the oil and gas company’s stock valued at $193,081,000 after buying an additional 459,010 shares during the period. FMR LLC raised its position in Unit by 0.9% in the second quarter. FMR LLC now owns 6,521,327 shares of the oil and gas company’s stock worth $166,685,000 after purchasing an additional 58,100 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Unit by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 4,542,078 shares of the oil and gas company’s stock worth $116,096,000 after purchasing an additional 73,150 shares in the last quarter. Victory Capital Management Inc. raised its position in Unit by 6.1% in the second quarter. Victory Capital Management Inc. now owns 3,247,631 shares of the oil and gas company’s stock worth $83,010,000 after purchasing an additional 187,401 shares in the last quarter. Finally, Northern Trust Corp raised its position in Unit by 33.3% in the first quarter. Northern Trust Corp now owns 1,629,950 shares of the oil and gas company’s stock worth $32,209,000 after purchasing an additional 407,495 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Unit from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Saturday. KLR Group reissued a “hold” rating and issued a $30.00 price target on shares of Unit in a research report on Monday, August 20th. SunTrust Banks reissued a “hold” rating and issued a $26.00 price target on shares of Unit in a research report on Friday, August 10th. Cowen set a $30.00 price target on shares of Unit and gave the stock a “hold” rating in a research report on Thursday, July 19th. Finally, ValuEngine raised shares of Unit from a “hold” rating to a “buy” rating in a research report on Thursday, June 21st. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Unit has an average rating of “Hold” and an average price target of $27.17.

NYSE:UNT opened at $26.11 on Tuesday. Unit Co. has a 12-month low of $15.76 and a 12-month high of $28.68. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $1.39 billion, a P/E ratio of 48.35 and a beta of 2.98.

Unit (NYSE:UNT) last posted its quarterly earnings results on Thursday, August 9th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.07. Unit had a net margin of 13.28% and a return on equity of 2.78%. The firm had revenue of $203.30 million during the quarter, compared to analyst estimates of $202.88 million. During the same quarter in the prior year, the business posted $0.07 earnings per share. The company’s quarterly revenue was up 19.2% compared to the same quarter last year. equities analysts predict that Unit Co. will post 0.86 EPS for the current fiscal year.

Unit Company Profile

Unit Corporation, together with its subsidiaries, operates as an oil and natural gas contract drilling company in the United States. The company operates through three segments: Oil and Natural Gas, Contract Drilling, and Mid-Stream. The Oil and Natural Gas segment acquires, explores, develops, and produces oil and natural gas properties, principally located in Oklahoma and Texas, as well as in Arkansas, Colorado, Kansas, Louisiana, Mississippi, Montana, New Mexico, North Dakota, Utah, and Wyoming.

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Institutional Ownership by Quarter for Unit (NYSE:UNT)

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