Unit Corporation (NYSE:UNT) enjoyed a 5.18% run-up in share price since hitting record low of $11.01. The stock managed 4.7% rise and now stands at $11.58 as of 5/14/2019. At a recent session, the prices were hovering between $11.01 and $11.6. This company shares are 55.44% off its target price of $18 and the current market capitalization stands at $647.21M. The recent change has given its price a -19.34% deficit over SMA 50 and -60.15% deficit over its 52-week high. The stock witnessed -25.05% declines, -25.53% declines and -49.83% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found UNT’s volatility during a week at 4.5% and during a month it has been found around 4.5%.Unit Corporation (UNT) Top Holders
Institutional investors currently hold around $545 million or 89.9% in UNT stock. Look at its top three institutional owners: Blackrock Inc. owns $88.7 million in Unit Corporation, which represents roughly 13.7% of the company’s market cap and approximately 16.27% of the institutional ownership. Similar statistics are true for the second largest owner, Fmr Llc, which owns 6,521,680 shares of the stock are valued at $72.13 million. The third largest holder is Vanguard Group Inc, which currently holds $63.6 million worth of this stock and that ownership represents nearly 9.83% of its market capitalization.
At the end of March reporting period, 97 institutional holders increased their position in Unit Corporation (NYSE:UNT) by some 2,156,891 shares, 81 decreased positions by 2,275,168 and 23 held positions by 44,839,765. That puts total institutional holdings at 49,271,824 shares, according to SEC filings. The stock grabbed 24 new institutional investments totaling 405,331 shares while 31 institutional investors sold out their entire positions totaling 869,461 shares.Unit Corporation (NYSE:UNT) Insider Trades
Multiple company employees have indulged in significant insider trading. Unit Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Peyton G Bailey IV has acquired 3,000 shares of Unit Corporation (UNT) in the trading session dated May. 07, 2019. These shares are worth $34,950 and were traded at $11.65 each. The SEC filing shows that SCHELL MARK E performed a sale of 5,500 shares. The SR. V-P, General Counsel disposed these shares by way of transaction on Apr. 22, 2019. The company’s shares were given away at $15.51 per share worth to an income of some $85,305 to the account of SCHELL MARK E.
President, Superior Pipeline, Parks Robert, sold 30,000 common shares of Unit Corporation (UNT) in the open market. In a transaction dated Apr. 01, 2019, the shares were put up for sale at an average price of $14.65, raking in a sum of $439,500. After this sale, 56,193 common shares of UNT are directly owned by the insider, with total stake valued at $650,715.
In the transaction dated Sep. 19, 2018, a great number of shares sold came courtesy the President, Superior Pipeline; Parks Robert disposed a total of 600 shares at an average price of $27.45, amounting to approximately $16,470. The insider now directly owns 71,082 shares worth $823,130.
Several analysts have released their opinion on Unit Corporation (NYSE:UNT), with 0 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.83 average brokerage recommendation [T1].