Cowen Inc. lessened its position in shares of Oneok Partners LP (NYSE:OKS) by 7.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,250 shares of the pipeline company’s stock after selling 500 shares during the quarter. Cowen Inc.’s holdings in Oneok Partners were worth $319,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. acquired a new stake in Oneok Partners during the first quarter valued at $292,000. Penserra Capital Management LLC grew its position in Oneok Partners by 34.9% during the first quarter. Penserra Capital Management LLC now owns 4,161 shares of the pipeline company’s stock valued at $224,000 after buying an additional 1,077 shares during the period. Vivaldi Asset Management LLC acquired a new stake in Oneok Partners during the first quarter valued at $26,640,000. Weiss Multi Strategy Advisers LLC acquired a new stake in Oneok Partners during the first quarter valued at $7,399,000. Finally, Bank of New York Mellon Corp grew its position in Oneok Partners by 98.2% during the first quarter. Bank of New York Mellon Corp now owns 98,639 shares of the pipeline company’s stock valued at $5,324,000 after buying an additional 48,865 shares during the period. Institutional investors own 41.23% of the company’s stock.
Shares of Oneok Partners LP (NYSE:OKS) traded up 0.63% during mid-day trading on Tuesday, hitting $51.07. 5,018,915 shares of the stock traded hands. The firm’s 50 day moving average price is $49.23 and its 200 day moving average price is $49.70. Oneok Partners LP has a 12-month low of $36.13 and a 12-month high of $57.41.
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Several analysts recently commented on the stock. Jefferies Group LLC set a $50.00 price target on shares of Oneok Partners and gave the company a “hold” rating in a research report on Friday, June 16th. BidaskClub lowered shares of Oneok Partners from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Twelve equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $48.82.
Oneok Partners 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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