D. E. Shaw & Co. Inc. Takes $730,000 Position in Unit Co. (NYSE:UNT)

D. E. Shaw & Co. Inc. bought a new stake in Unit Co. (NYSE:UNT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 51,152 shares of the oil and gas company’s stock, valued at approximately $730,000. D. E. Shaw & Co. Inc. owned approximately 0.09% of Unit as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of UNT. Prudential Financial Inc. boosted its holdings in shares of Unit by 78.8% in the fourth quarter. Prudential Financial Inc. now owns 718,080 shares of the oil and gas company’s stock valued at $10,254,000 after acquiring an additional 316,370 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Unit by 2.7% in the third quarter. BlackRock Inc. now owns 7,760,420 shares of the oil and gas company’s stock valued at $202,237,000 after acquiring an additional 206,441 shares in the last quarter. Chicago Equity Partners LLC boosted its holdings in shares of Unit by 492.8% in the fourth quarter. Chicago Equity Partners LLC now owns 202,281 shares of the oil and gas company’s stock valued at $2,889,000 after acquiring an additional 168,160 shares in the last quarter. Global Alpha Capital Management Ltd. boosted its holdings in shares of Unit by 28.7% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 618,681 shares of the oil and gas company’s stock valued at $8,835,000 after acquiring an additional 138,100 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Unit in the fourth quarter valued at about $972,000. 89.18% of the stock is currently owned by institutional investors and hedge funds.

UNT stock opened at $12.32 on Friday. The stock has a market cap of $686.42 million, a P/E ratio of 12.32 and a beta of 2.67. Unit Co. has a 52 week low of $11.92 and a 52 week high of $29.06. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.40.

Unit (NYSE:UNT) last released its quarterly earnings data on Thursday, May 2nd. The oil and gas company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.08). The company had revenue of $189.70 million for the quarter, compared to analysts’ expectations of $202.16 million. Unit had a positive return on equity of 3.31% and a negative net margin of 5.37%. The firm’s quarterly revenue was down 7.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 EPS. On average, equities analysts predict that Unit Co. will post 0.95 earnings per share for the current year.

UNT has been the topic of several analyst reports. ValuEngine raised shares of Unit from a “strong sell” rating to a “sell” rating in a report on Wednesday, March 20th. Zacks Investment Research raised shares of Unit from a “sell” rating to a “hold” rating in a report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $24.67.

In other Unit news, insider Robert Parks sold 30,000 shares of Unit stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $14.65, for a total transaction of $439,500.00. Following the completion of the transaction, the insider now owns 76,195 shares in the company, valued at $1,116,256.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mark E. Schell sold 5,500 shares of Unit stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $15.51, for a total transaction of $85,305.00. Following the transaction, the insider now owns 221,452 shares of the company’s stock, valued at approximately $3,434,720.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,181 shares of company stock worth $549,348. 5.16% of the stock is owned by insiders.

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About Unit

Unit Corporation, together with its subsidiaries, engages in the exploration, acquisition, development, and production of oil and natural gas properties in the United States. It operates through three segments: Oil and Natural Gas, Contract Drilling, and Mid-Stream. The Oil and Natural Gas segment explores for, acquires, develops, and produces oil and natural gas properties.

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Institutional Ownership by Quarter for Unit (NYSE:UNT)

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