National Asset Management Inc. decreased its holdings in Unit Co. (NYSE:UNT) by 23.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,500 shares of the oil and gas company’s stock after selling 4,100 shares during the period. National Asset Management Inc.’s holdings in Unit were worth $352,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Advisor Partners LLC purchased a new position in Unit in the third quarter valued at about $201,000. Strs Ohio acquired a new stake in shares of Unit during the second quarter worth about $237,000. Fox Run Management L.L.C. acquired a new stake in shares of Unit during the third quarter worth about $253,000. Meadow Creek Investment Management LLC lifted its holdings in shares of Unit by 26.8% during the second quarter. Meadow Creek Investment Management LLC now owns 9,940 shares of the oil and gas company’s stock worth $254,000 after purchasing an additional 2,100 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in shares of Unit during the third quarter worth about $290,000. Institutional investors and hedge funds own 91.15% of the company’s stock.

In other Unit news, insider Robert Parks sold 22,806 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $27.25, for a total value of $621,463.50. Following the completion of the transaction, the insider now directly owns 77,348 shares of the company’s stock, valued at $2,107,733. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.17% of the company’s stock.

A number of research firms recently commented on UNT. Zacks Investment Research downgraded Unit from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. ValuEngine raised Unit from a “hold” rating to a “buy” rating in a report on Wednesday, November 7th. KLR Group reaffirmed a “hold” rating and set a $30.00 target price on shares of Unit in a report on Monday, August 20th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $26.00 target price on shares of Unit in a report on Friday, August 10th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $28.00.

Unit stock opened at $22.45 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.93. Unit Co. has a 52 week low of $16.17 and a 52 week high of $29.06. The stock has a market cap of $1.20 billion, a P/E ratio of 41.57 and a beta of 2.82.

Unit (NYSE:UNT) last announced its quarterly earnings results on Tuesday, November 6th. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.07. Unit had a return on equity of 3.28% and a net margin of 14.60%. The company had revenue of $220.10 million during the quarter, compared to the consensus estimate of $212.34 million. During the same period in the previous year, the company posted $0.10 earnings per share. Unit’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, equities analysts anticipate that Unit Co. will post 0.94 EPS for the current fiscal year.

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Unit Company Profile

Unit Corporation, together with its subsidiaries, operates as a diversified energy 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.

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Institutional Ownership by Quarter for Unit (NYSE:UNT)

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