Pointe Capital Management LLC Has $2.43 Million Stake in Oneok Partners LP (OKS)

Pointe Capital Management LLC raised its stake in Oneok Partners LP (NYSE:OKS) by 13.8% during the second quarter, Holdings Channel reports. The firm owned 47,608 shares of the pipeline company’s stock after buying an additional 5,763 shares during the period. Oneok Partners comprises 1.7% of Pointe Capital Management LLC’s investment portfolio, making the stock its 13th largest position. Pointe Capital Management LLC’s holdings in Oneok Partners were worth $2,431,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Global X Management Co. LLC increased its position in Oneok Partners by 14.1% in the second quarter. Global X Management Co. LLC now owns 668,095 shares of the pipeline company’s stock valued at $34,120,000 after buying an additional 82,381 shares during the period. Chicago Partners Investment Group LLC increased its position in Oneok Partners by 69.7% in the second quarter. Chicago Partners Investment Group LLC now owns 110,486 shares of the pipeline company’s stock valued at $5,149,000 after buying an additional 45,377 shares during the period. Stonebridge Capital Management Inc. increased its position in Oneok Partners by 22.2% in the second quarter. Stonebridge Capital Management Inc. now owns 5,500 shares of the pipeline company’s stock valued at $280,000 after buying an additional 1,000 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in Oneok Partners by 9.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,448 shares of the pipeline company’s stock valued at $431,000 after buying an additional 724 shares during the period. Finally, Huntington National Bank increased its position in Oneok Partners by 83.3% in the second quarter. Huntington National Bank now owns 3,300 shares of the pipeline company’s stock valued at $169,000 after buying an additional 1,500 shares during the period. 41.23% of the stock is owned by institutional investors.

Shares of Oneok Partners LP (OKS) opened at 51.07 on Thursday. The firm has a 50-day moving average of $49.23 and a 200 day moving average of $49.70. Oneok Partners LP has a 1-year low of $36.13 and a 1-year high of $57.41.

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Several research firms recently commented on OKS. BidaskClub raised shares of Oneok Partners from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. Jefferies Group LLC set a $50.00 price objective on shares of Oneok Partners and gave the stock a “hold” rating in a report on Friday, June 16th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $57.00 price objective on shares of Oneok Partners in a report on Friday, May 12th. BMO Capital Markets set a $53.00 price objective on shares of Oneok Partners and gave the stock a “hold” rating in a report on Tuesday, May 2nd. Finally, Guggenheim began coverage on shares of Oneok Partners in a report on Monday, April 17th. They issued a “neutral” rating and a $53.00 price objective for the company. Fourteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Oneok Partners currently has a consensus rating of “Hold” and an average target price of $47.85.

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. It operates through three segments: Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines.

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Institutional Ownership by Quarter for Oneok Partners (NYSE:OKS)

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