Swiss National Bank increased its holdings in Unit Co. (NYSE:UNT) by 5.0% during the 4th quarter, Holdings Channel reports. The firm owned 89,000 shares of the oil and gas company’s stock after purchasing an additional 4,200 shares during the period. Swiss National Bank’s holdings in Unit were worth $1,958,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Wedge Capital Management L L P NC grew its stake in shares of Unit by 31.5% in the third quarter. Wedge Capital Management L L P NC now owns 14,984 shares of the oil and gas company’s stock worth $308,000 after purchasing an additional 3,590 shares during the last quarter. Macquarie Group Ltd. bought a new stake in shares of Unit in the third quarter worth $313,000. Crossmark Global Holdings Inc. bought a new stake in shares of Unit in the fourth quarter worth $376,000. Teacher Retirement System of Texas bought a new stake in shares of Unit in the fourth quarter worth $378,000. Finally, Municipal Employees Retirement System of Michigan grew its stake in shares of Unit by 58.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 19,820 shares of the oil and gas company’s stock worth $408,000 after purchasing an additional 7,340 shares during the last quarter. 92.33% of the stock is currently owned by institutional investors.
Shares of Unit Co. (UNT) opened at $20.28 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.61. The company has a market cap of $1,044.26, a price-to-earnings ratio of 8.97 and a beta of 2.99. Unit Co. has a 1 year low of $15.29 and a 1 year high of $26.82.
Several analysts recently weighed in on UNT shares. Zacks Investment Research raised shares of Unit from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Saturday, January 6th. ValuEngine cut shares of Unit from a “hold” rating to a “sell” rating in a research note on Thursday, November 30th. Cowen set a $27.00 price objective on shares of Unit and gave the stock a “hold” rating in a research note on Thursday, January 18th. TheStreet raised shares of Unit from a “d+” rating to a “c” rating in a research note on Thursday, February 22nd. Finally, SunTrust Banks set a $27.00 price objective on shares of Unit and gave the stock a “buy” rating in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Unit presently has a consensus rating of “Hold” and a consensus price target of $25.33.
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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