Delphi Management Inc. MA Boosts Position in Unit Corporation (UNT)

Delphi Management Inc. MA boosted its stake in shares of Unit Corporation (NYSE:UNT) by 0.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 82,607 shares of the oil and gas company’s stock after buying an additional 477 shares during the quarter. Delphi Management Inc. MA owned approximately 0.16% of Unit Corporation worth $1,547,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Arizona State Retirement System grew its position in Unit Corporation by 1.5% during the first quarter. Arizona State Retirement System now owns 26,949 shares of the oil and gas company’s stock valued at $651,000 after buying an additional 400 shares during the period. Louisiana State Employees Retirement System grew its position in Unit Corporation by 2.4% during the second quarter. Louisiana State Employees Retirement System now owns 21,500 shares of the oil and gas company’s stock valued at $403,000 after buying an additional 500 shares during the period. Municipal Employees Retirement System of Michigan grew its position in Unit Corporation by 6.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 12,480 shares of the oil and gas company’s stock valued at $234,000 after buying an additional 710 shares during the period. Mason Street Advisors LLC grew its position in Unit Corporation by 7.4% during the first quarter. Mason Street Advisors LLC now owns 12,078 shares of the oil and gas company’s stock valued at $292,000 after buying an additional 827 shares during the period. Finally, Wedge Capital Management L L P NC grew its position in Unit Corporation by 9.0% during the second quarter. Wedge Capital Management L L P NC now owns 11,394 shares of the oil and gas company’s stock valued at $213,000 after buying an additional 940 shares during the period. Institutional investors own 92.57% of the company’s stock.

Shares of Unit Corporation (UNT) traded down 2.08% during trading on Thursday, reaching $19.78. 184,611 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $18.51 and a 200 day moving average price of $19.11. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 380.38 and a beta of 2.84. Unit Corporation has a 12 month low of $15.29 and a 12 month high of $30.63.

Unit Corporation (NYSE:UNT) last released its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.01. The business had revenue of $170.58 million during the quarter, compared to the consensus estimate of $178.59 million. Unit Corporation had a return on equity of 2.07% and a net margin of 0.39%. The business’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.15) EPS. On average, analysts forecast that Unit Corporation will post $0.51 EPS for the current year.

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UNT has been the subject of several research reports. Zacks Investment Research lowered shares of Unit Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. KLR Group upgraded shares of Unit Corporation from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Wednesday, August 23rd. Cowen and Company reiterated a “hold” rating and set a $25.00 target price on shares of Unit Corporation in a research report on Sunday, September 17th. Scotiabank set a $26.00 target price on shares of Unit Corporation and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Finally, BidaskClub lowered shares of Unit Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $25.25.

Unit Corporation 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.

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Institutional Ownership by Quarter for Unit Corporation (NYSE:UNT)

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