Conning Inc. lowered its stake in Oneok Partners LP (NYSE:OKS) by 1.3% during the second quarter, Holdings Channel reports. The institutional investor owned 137,978 shares of the company’s stock after selling 1,842 shares during the period. Conning Inc.’s holdings in Oneok Partners were worth $5,527,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. increased its stake in shares of Oneok Partners by 0.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,412 shares of the company’s stock valued at $217,000 after buying an additional 30 shares in the last quarter. Yorkville Capital Management LLC increased its stake in shares of Oneok Partners by 1.0% in the first quarter. Yorkville Capital Management LLC now owns 40,046 shares of the company’s stock valued at $1,257,000 after buying an additional 414 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Oneok Partners by 9.5% in the first quarter. Envestnet Asset Management Inc. now owns 6,468 shares of the company’s stock valued at $203,000 after buying an additional 563 shares in the last quarter. Albert D Mason Inc. increased its stake in shares of Oneok Partners by 1.6% in the second quarter. Albert D Mason Inc. now owns 49,759 shares of the company’s stock valued at $1,993,000 after buying an additional 790 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in shares of Oneok Partners by 8.9% in the first quarter. IFP Advisors Inc now owns 17,900 shares of the company’s stock valued at $562,000 after buying an additional 1,462 shares in the last quarter.
Oneok Partners LP (NYSE:OKS) traded up 2.88% on Thursday, hitting $39.26. The stock had a trading volume of 570,616 shares. The company has a market cap of $11.22 billion, a PE ratio of 33.38 and a beta of 0.39. Oneok Partners LP has a one year low of $21.86 and a one year high of $42.34. The stock has a 50-day moving average of $39.45 and a 200-day moving average of $37.33.
Oneok Partners (NYSE:OKS) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by $0.14. During the same period in the previous year, the company posted $0.44 earnings per share. Equities analysts expect that Oneok Partners LP will post $2.27 earnings per share for the current fiscal year.
Several equities research analysts recently weighed in on the company. Zacks Investment Research raised Oneok Partners from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Friday, July 22nd. Jefferies Group increased their price target on Oneok Partners from $40.00 to $41.00 and gave the stock a “hold” rating in a report on Monday, July 25th. Citigroup Inc. increased their price target on Oneok Partners from $36.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, June 17th. Robert W. Baird raised Oneok Partners from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $24.00 to $45.00 in a report on Friday, August 12th. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and set a $40.00 price target (up from $37.00) on shares of Oneok Partners in a report on Tuesday, August 16th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. Oneok Partners currently has a consensus rating of “Hold” and an average target price of $38.53.
In related news, insider John William Gibson acquired 5,000 shares of the stock in a transaction that occurred on Monday, September 12th. The stock was purchased at an average cost of $38.09 per share, for a total transaction of $190,450.00. Following the purchase, the insider now directly owns 105,000 shares in the company, valued at $3,999,450. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
About Oneok Partners
ONEOK Partners, L.P. is engaged in gathering, processing, storage and transportation of natural gas in the United States. In addition, the Company owns natural gas liquids (NGL) systems, connecting NGL supply in the Mid-Continent, Permian and Rocky Mountain regions. The Company’s segments are Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines.
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