Jane Street Group LLC bought a new position in Unit Co. (NYSE:UNT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,477 shares of the oil and gas company’s stock, valued at approximately $370,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Millennium Management LLC bought a new position in Unit in the 2nd quarter worth about $13,689,000. Voya Investment Management LLC boosted its stake in Unit by 3.3% in the 2nd quarter. Voya Investment Management LLC now owns 1,542,052 shares of the oil and gas company’s stock worth $39,414,000 after purchasing an additional 48,710 shares in the last quarter. Laurion Capital Management LP bought a new position in Unit in the 2nd quarter worth about $390,000. Glen Harbor Capital Management LLC boosted its stake in Unit by 26.8% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 12,070 shares of the oil and gas company’s stock worth $309,000 after purchasing an additional 2,550 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. boosted its stake in Unit by 27.8% in the 2nd quarter. Prescott Group Capital Management L.L.C. now owns 216,172 shares of the oil and gas company’s stock worth $5,525,000 after purchasing an additional 47,000 shares in the last quarter. 95.77% of the stock is currently owned by institutional investors.
In other news, insider Robert Parks sold 22,806 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $27.25, for a total transaction of $621,463.50. Following the completion of the sale, the insider now owns 77,348 shares of the company’s stock, valued at approximately $2,107,733. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.17% of the stock is currently owned by corporate insiders.
UNT opened at $26.51 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.39. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 47.42 and a beta of 3.00. Unit Co. has a 52-week low of $16.17 and a 52-week high of $29.06.
Unit (NYSE:UNT) last posted its earnings results on Thursday, August 9th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.07. The business had revenue of $203.30 million for the quarter, compared to analysts’ expectations of $202.88 million. Unit had a net margin of 13.28% and a return on equity of 2.78%. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 EPS. As a group, analysts expect that Unit Co. will post 0.86 EPS for the current year.
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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