WealthTrust Axiom LLC bought a new position in shares of Oneok Partners LP (NYSE:OKS) during the second quarter, Holdings Channel reports. The firm bought 5,400 shares of the company’s stock, valued at approximately $216,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of OKS. Harvest Fund Advisors LLC raised its position 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 in the last quarter. Mariner Wealth Advisors LLC raised its stake in shares of 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 acquired a new stake in shares of Oneok Partners during the first quarter worth approximately $220,000. Energy Income Partners LLC raised 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 worth $97,639,000 after buying an additional 2,460,062 shares during the period. Finally, State Street Corp raised its stake in shares of 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 1.21% during midday trading on Tuesday, hitting $38.22. The stock had a trading volume of 311,583 shares. The firm has a market cap of $10.92 billion, a price-to-earnings ratio of 32.50 and a beta of 0.39. The stock’s 50 day moving average price is $39.29 and its 200 day moving average price is $37.56. Oneok Partners LP has a 12 month low of $21.86 and a 12 month high of $42.34.
Oneok Partners (NYSE:OKS) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.40 earnings per share for the quarter, missing the Zacks’ 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.
A number of analysts recently commented on OKS shares. Jefferies Group lowered Oneok Partners from a “buy” rating to a “hold” rating and lifted their price target for the stock from $37.00 to $40.00 in a report on Wednesday, June 8th. Citigroup Inc. lifted 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. Simmons reiterated an “overweight” rating and set a $45.00 price target (up from $42.00) on shares of Oneok Partners in a report on Saturday, June 25th. 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, Robert W. Baird upgraded Oneok Partners from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $24.00 to $45.00 in a report on Friday, August 12th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. Oneok Partners currently has an average rating of “Hold” and a consensus target price of $38.53.
In related news, insider John William Gibson acquired 5,000 shares of the 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 transaction, the insider now directly owns 105,000 shares in the company, valued at $3,999,450. The acquisition was disclosed in a filing with the SEC, which is accessible 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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