Parkwood LLC increased its stake in shares of Oneok Inc. (NYSE:OKE) by 66.1% during the second quarter, Holdings Channel reports. The firm owned 31,449 shares of the company’s stock after buying an additional 12,512 shares during the period. Parkwood LLC’s holdings in Oneok were worth $1,492,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Webster Bank N. A. bought a new stake in Oneok during the second quarter valued at $203,000. Checchi Capital Advisers LLC boosted its stake in Oneok by 2.4% in the second quarter. Checchi Capital Advisers LLC now owns 4,795 shares of the company’s stock valued at $228,000 after buying an additional 113 shares during the period. Harvey Capital Management Inc. bought a new stake in Oneok during the second quarter valued at $237,000. National Planning Corp bought a new stake in Oneok during the first quarter valued at $206,000. Finally, Albert D Mason Inc. bought a new stake in Oneok during the second quarter valued at $248,000. Institutional investors and hedge funds own 72.29% of the company’s stock.
Oneok Inc. (NYSE:OKE) traded down 2.05% during trading on Friday, hitting $48.62. The stock had a trading volume of 2,040,686 shares. Oneok Inc. has a 52-week low of $18.84 and a 52-week high of $51.13. The stock has a market capitalization of $10.23 billion, a PE ratio of 36.97 and a beta of 1.11. The stock’s 50-day moving average is $47.59 and its 200-day moving average is $41.45.
Oneok (NYSE:OKE) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.03. Oneok had a net margin of 3.58% and a return on equity of 9.41%. During the same period in the previous year, the business posted $0.36 EPS. On average, analysts predict that Oneok Inc. will post $1.81 earnings per share for the current fiscal year.
Several research firms recently weighed in on OKE. Jefferies Group reiterated a “hold” rating on shares of Oneok in a report on Wednesday, August 3rd. Argus cut shares of Oneok from a “buy” rating to a “hold” rating in a report on Friday, June 17th. Royal Bank Of Canada lifted their price target on shares of Oneok from $39.00 to $46.00 and gave the company a “sector perform” rating in a report on Tuesday, August 16th. Zacks Investment Research upgraded shares of Oneok from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Tuesday, July 26th. Finally, RBC Capital Markets reiterated a “sector perform” rating and issued a $46.00 price target (up previously from $39.00) on shares of Oneok in a report on Tuesday, August 16th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. Oneok currently has an average rating of “Hold” and a consensus target price of $37.71.
Oneok Company Profile
ONEOK, Inc is the sole general partner of ONEOK Partners, L.P. (ONEOK Partners), a master limited partnership engaged in the gathering, processing, storage and transportation of natural gas in the United States. The Company operates through three business segments: Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines.
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