Teachers Retirement System of The State of Kentucky raised its holdings in Unit Co. (NYSE:UNT) by 30.3% in the third quarter, HoldingsChannel.com reports. The fund owned 19,344 shares of the oil and gas company’s stock after buying an additional 4,500 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Unit were worth $504,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. raised its stake in shares of Unit by 6.5% during the 2nd quarter. BlackRock Inc. now owns 7,553,979 shares of the oil and gas company’s stock worth $193,081,000 after buying an additional 459,010 shares during the last quarter. FMR LLC raised its stake in shares of Unit by 0.9% during the 2nd quarter. FMR LLC now owns 6,521,327 shares of the oil and gas company’s stock worth $166,685,000 after buying an additional 58,100 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Unit by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,542,078 shares of the oil and gas company’s stock worth $116,096,000 after buying an additional 73,150 shares during the last quarter. United Services Automobile Association acquired a new position in shares of Unit during the 2nd quarter worth $91,547,000. Finally, Northern Trust Corp raised its stake in shares of Unit by 1.1% during the 2nd quarter. Northern Trust Corp now owns 1,647,306 shares of the oil and gas company’s stock worth $42,105,000 after buying an additional 17,356 shares during the last quarter. 89.91% of the stock is owned by institutional investors.
Shares of UNT stock opened at $18.89 on Friday. Unit Co. has a twelve month low of $16.17 and a twelve month high of $29.06. The stock has a market capitalization of $1.04 billion, a P/E ratio of 20.42 and a beta of 2.85. 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 (NYSE:UNT) last announced its earnings results on Tuesday, November 6th. The oil and gas company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.07. Unit had a net margin of 14.60% and a return on equity of 3.28%. The firm had revenue of $220.10 million during the quarter, compared to the consensus estimate of $212.34 million. During the same quarter in the previous year, the company posted $0.10 EPS. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, analysts expect that Unit Co. will post 0.96 EPS for the current year.
Several research analysts have recently issued reports on UNT shares. SunTrust Banks reaffirmed a “hold” rating and set a $26.00 price target on shares of Unit in a research note on Friday, August 10th. ValuEngine downgraded shares of Unit from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. Stephens began coverage on shares of Unit in a research note on Thursday. They issued an “equal weight” rating and a $25.00 target price for the company. MKM Partners began coverage on shares of Unit in a research note on Wednesday. They issued a “neutral” rating and a $20.00 target price for the company. Finally, Zacks Investment Research downgraded shares of Unit from a “buy” rating to a “hold” rating in a research note on Wednesday, October 31st. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $26.43.
In related news, insider Robert Parks sold 22,806 shares of the business’s stock in a transaction dated Friday, September 14th. The shares were 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 owns 77,348 shares of the company’s stock, valued at approximately $2,107,733. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.28% of the company’s stock.
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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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