CoreCommodity Management LLC acquired a new stake in Unit Co. (NYSE:UNT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 9,409 shares of the oil and gas company’s stock, valued at approximately $134,000.

Several other large investors have also recently made changes to their positions in UNT. Geode Capital Management LLC lifted its stake in shares of Unit by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 563,315 shares of the oil and gas company’s stock valued at $8,044,000 after purchasing an additional 29,397 shares during the period. United Services Automobile Association lifted its stake in shares of Unit by 7.3% in the fourth quarter. United Services Automobile Association now owns 12,302 shares of the oil and gas company’s stock valued at $176,000 after purchasing an additional 838 shares during the period. Great West Life Assurance Co. Can lifted its stake in shares of Unit by 6.1% in the fourth quarter. Great West Life Assurance Co. Can now owns 70,725 shares of the oil and gas company’s stock valued at $932,000 after purchasing an additional 4,056 shares during the period. Citigroup Inc. lifted its stake in shares of Unit by 128.4% in the fourth quarter. Citigroup Inc. now owns 52,618 shares of the oil and gas company’s stock valued at $751,000 after purchasing an additional 29,577 shares during the period. Finally, Rafferty Asset Management LLC acquired a new stake in shares of Unit in the fourth quarter valued at about $154,000. 89.66% of the stock is currently owned by institutional investors.

NYSE:UNT opened at $14.49 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Unit Co. has a twelve month low of $13.19 and a twelve month high of $29.06. The stock has a market cap of $787.76 million, a price-to-earnings ratio of 14.49 and a beta of 2.75.

Unit (NYSE:UNT) last posted its earnings results on Thursday, February 21st. The oil and gas company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.04). Unit had a negative net margin of 5.37% and a positive return on equity of 3.31%. The business had revenue of $214.80 million for the quarter, compared to analysts’ expectations of $213.99 million. During the same quarter last year, the business posted $0.22 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. On average, research analysts forecast that Unit Co. will post 0.74 EPS for the current year.

UNT has been the subject of several recent analyst reports. Capital One Financial cut shares of Unit from an “overweight” rating to an “equal weight” rating in a research note on Thursday, December 20th. ValuEngine cut shares of Unit from a “sell” rating to a “strong sell” rating in a research note on Wednesday, February 27th. Stephens assumed coverage on shares of Unit in a research note on Thursday, December 6th. They issued an “equal weight” rating and a $25.00 price objective for the company. MKM Partners assumed coverage on shares of Unit in a report on Wednesday, December 5th. They set a “neutral” rating and a $20.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Unit from a “sell” rating to a “hold” rating in a report on Friday, March 8th. One equities research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $26.43.

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Unit 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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