Huntington National Bank held its stake in Oneok Partners LP (NYSE:OKS) during the second quarter, Holdings Channel reports. The institutional investor owned 3,949 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Oneok Partners were worth $161,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the stock. Harvest Fund Advisors LLC raised its stake in Oneok Partners by 13.7% in the first quarter. Harvest Fund Advisors LLC now owns 3,080,898 shares of the company’s stock worth $96,740,000 after buying an additional 370,155 shares during the period. Mariner Wealth Advisors LLC raised its stake in Oneok Partners by 12.0% in the first quarter. Mariner Wealth Advisors LLC now owns 37,934 shares of the company’s stock worth $1,191,000 after buying an additional 4,052 shares during the period. National Planning Corp bought a new stake in Oneok Partners during the first quarter worth $220,000. Energy Income Partners LLC raised its stake in Oneok Partners by 378.8% in the first quarter. Energy Income Partners LLC now owns 3,109,540 shares of the company’s stock worth $97,639,000 after buying an additional 2,460,062 shares during the period. Finally, State Street Corp raised its stake in Oneok Partners by 4.1% in the first quarter. State Street Corp now owns 136,889 shares of the company’s stock worth $4,298,000 after buying an additional 5,354 shares during the period.
Shares of Oneok Partners LP (NYSE:OKS) traded down 0.77% during mid-day trading on Thursday, hitting $38.69. The stock had a trading volume of 593,891 shares. The stock has a market cap of $11.06 billion, a P/E ratio of 32.90 and a beta of 0.39. The company’s 50 day moving average is $38.99 and its 200-day moving average is $37.83. Oneok Partners LP has a 52-week low of $21.86 and a 52-week high of $42.34.
Oneok Partners (NYSE:OKS) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by $0.14. During the same period last year, the company earned $0.44 EPS. On average, equities research analysts anticipate that Oneok Partners LP will post $2.26 earnings per share for the current fiscal year.
A number of equities research analysts have recently weighed in on OKS shares. Morgan Stanley lowered Oneok Partners from an “overweight” rating to an “equal weight” rating and set a $45.00 target price for the company. in a research note on Tuesday. Stifel Nicolaus raised Oneok Partners from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Tuesday, September 13th. They noted that the move was a valuation call. JPMorgan Chase & Co. raised Oneok Partners from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $34.00 to $40.00 in a research note on Monday, September 5th. Zacks Investment Research upgraded Oneok Partners from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Monday, July 11th. Finally, Jefferies Group downgraded Oneok Partners from a “buy” rating to a “hold” rating and boosted their price target for the company from $37.00 to $40.00 in a report on Wednesday, June 8th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Oneok Partners currently has an average rating of “Hold” and an average target price of $38.94.
In other news, insider John William Gibson acquired 5,000 shares of the firm’s stock in a transaction on Monday, September 12th. The stock was acquired at an average price of $38.09 per share, with a total value of $190,450.00. Following the completion of the purchase, the insider now directly owns 105,000 shares in the company, valued at $3,999,450. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Oneok Partners Company Profile
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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