ING Groep NV increased its stake in Oneok Partners LP (NYSE:OKS) by 47.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 408,000 shares of the company’s stock after buying an additional 132,000 shares during the period. ING Groep NV’s holdings in Oneok Partners were worth $16,344,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in OKS. Bank of Montreal Can bought a new stake in shares of Oneok Partners during the second quarter valued at approximately $114,775,000. Energy Income Partners LLC increased its stake in shares of Oneok Partners by 378.8% in the first quarter. Energy Income Partners LLC now owns 3,109,540 shares of the company’s stock valued at $97,639,000 after buying an additional 2,460,062 shares during the period. Harvest Fund Advisors LLC increased its stake in shares of Oneok Partners by 13.7% in the first quarter. Harvest Fund Advisors LLC now owns 3,080,898 shares of the company’s stock valued at $96,740,000 after buying an additional 370,155 shares during the period. Babson Capital Management LLC increased its stake in shares of Oneok Partners by 131.2% in the first quarter. Babson Capital Management LLC now owns 258,025 shares of the company’s stock valued at $8,102,000 after buying an additional 146,400 shares during the period. Finally, Evanson Asset Management LLC bought a new stake in shares of Oneok Partners during the second quarter valued at approximately $2,843,000.
Shares of Oneok Partners LP (NYSE:OKS) traded up 1.19% during trading on Friday, reaching $39.95. The company’s stock had a trading volume of 877,789 shares. The firm has a market cap of $11.42 billion, a P/E ratio of 33.97 and a beta of 0.39. The stock’s 50 day moving average is $39.24 and its 200 day moving average is $37.58. Oneok Partners LP has a one year low of $21.86 and a one year high of $42.34.
Oneok Partners (NYSE:OKS) last posted its earnings results 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 quarter in the previous year, the firm earned $0.44 earnings per share. On average, equities analysts forecast that Oneok Partners LP will post $2.26 EPS for the current fiscal year.
Several analysts have recently commented on OKS shares. JPMorgan Chase & Co. raised shares of Oneok Partners from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $34.00 to $40.00 in a research report on Monday, September 5th. Simmons reiterated an “overweight” rating and issued a $45.00 target price (up from $42.00) on shares of Oneok Partners in a report on Saturday, June 25th. Robert W. Baird upgraded Oneok Partners from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $24.00 to $45.00 in a report on Friday, August 12th. Stifel Nicolaus upgraded Oneok Partners from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Tuesday, September 13th. They noted that the move was a valuation call. Finally, Jefferies Group cut Oneok Partners from a “buy” rating to a “hold” rating and increased their target price for the stock from $37.00 to $40.00 in a report on Wednesday, June 8th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. Oneok Partners presently has a consensus rating of “Hold” and a consensus price target of $38.53.
In other Oneok Partners news, insider John William Gibson bought 5,000 shares of Oneok Partners stock in a transaction dated Monday, September 12th. The shares were purchased at an average cost of $38.09 per share, with a total value of $190,450.00. Following the completion of the purchase, the insider now owns 105,000 shares of the company’s stock, valued at $3,999,450. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
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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