California State Teachers Retirement System Has $1.71 Million Position in Unit Co. (UNT)

California State Teachers Retirement System trimmed its position in Unit Co. (NYSE:UNT) by 9.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,877 shares of the oil and gas company’s stock after selling 8,872 shares during the period. California State Teachers Retirement System’s holdings in Unit were worth $1,706,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Piedmont Investment Advisors LLC acquired a new stake in shares of Unit in the 2nd quarter valued at approximately $214,000. Neuberger Berman Group LLC acquired a new stake in shares of Unit in the 2nd quarter valued at approximately $308,000. Wedge Capital Management L L P NC raised its position in shares of Unit by 31.5% in the 3rd quarter. Wedge Capital Management L L P NC now owns 14,984 shares of the oil and gas company’s stock valued at $308,000 after acquiring an additional 3,590 shares during the period. Macquarie Group Ltd. acquired a new stake in shares of Unit in the 3rd quarter valued at approximately $313,000. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of Unit by 58.8% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 19,820 shares of the oil and gas company’s stock valued at $408,000 after acquiring an additional 7,340 shares during the period. Institutional investors and hedge funds own 95.15% of the company’s stock.

Shares of Unit Co. (UNT) opened at $25.46 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.66 and a current ratio of 0.67. The company has a market cap of $1,320.00, a P/E ratio of 43.15 and a beta of 2.90. Unit Co. has a fifty-two week low of $15.29 and a fifty-two week high of $28.48.

Unit (NYSE:UNT) last announced its earnings results on Thursday, November 2nd. The oil and gas company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). The company had revenue of $188.49 million for the quarter, compared to analyst estimates of $189.44 million. Unit had a return on equity of 2.33% and a net margin of 4.28%. The business’s quarterly revenue was up 22.9% on a year-over-year basis. During the same quarter last year, the business posted $0.04 earnings per share. equities analysts anticipate that Unit Co. will post 0.5 earnings per share for the current fiscal year.

A number of analysts recently weighed in on UNT shares. Zacks Investment Research upgraded shares of Unit from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Saturday, January 6th. SunTrust Banks reiterated a “buy” rating and issued a $25.00 price target on shares of Unit in a research report on Friday, November 3rd. KLR Group downgraded shares of Unit from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Cowen set a $27.00 price target on shares of Unit and gave the company a “hold” rating in a research report on Thursday. Finally, Scotiabank reiterated a “hold” rating and issued a $23.00 price target on shares of Unit in a research report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $25.00.

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Unit 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 (NYSE:UNT)

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