Oneok Inc. (OKE) Shares Bought by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA boosted its position in shares of Oneok Inc. (NYSE:OKE) by 87.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 66,373 shares of the company’s stock after buying an additional 30,897 shares during the period. BNP Paribas Arbitrage SA’s holdings in Oneok were worth $3,411,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OKE. Atria Investments LLC bought a new position in Oneok during the second quarter worth $610,000. Quotient Investors LLC bought a new position in Oneok during the second quarter worth $757,000. Webster Bank N. A. bought a new position in Oneok during the second quarter worth $203,000. Gulf International Bank UK Ltd raised its position in Oneok by 3.2% in the second quarter. Gulf International Bank UK Ltd now owns 62,106 shares of the company’s stock worth $2,946,000 after buying an additional 1,900 shares during the period. Finally, Hollencrest Securities LLC bought a new position in Oneok during the second quarter worth $645,000. Institutional investors own 71.32% of the company’s stock.
Oneok Inc. (NYSE:OKE) traded down 0.72% during trading on Tuesday, reaching $52.44. The company had a trading volume of 2,107,018 shares. The stock has a 50 day moving average price of $49.79 and a 200 day moving average price of $47.30. Oneok Inc. has a 52 week low of $18.84 and a 52 week high of $54.50. The firm has a market capitalization of $11.04 billion, a P/E ratio of 38.73 and a beta of 1.06.
Oneok (NYSE:OKE) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.45 by $0.02. Oneok had a net margin of 3.50% and a return on equity of 9.99%. During the same period in the previous year, the business posted $0.39 EPS. Analysts predict that Oneok Inc. will post $1.72 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Monday, October 31st were issued a dividend of $0.615 per share. The ex-dividend date was Thursday, October 27th. This represents a $2.46 annualized dividend and a dividend yield of 4.69%. Oneok’s dividend payout ratio is presently 182.22%.
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A number of research analysts recently weighed in on OKE shares. Morgan Stanley lowered Oneok from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $48.00 to $50.00 in a research report on Tuesday, October 4th. They noted that the move was a valuation call. Deutsche Bank AG raised Oneok from a “sell” rating to a “hold” rating and raised their price objective for the company from $49.00 to $52.00 in a research report on Monday, October 10th. Royal Bank Of Canada raised their price objective on Oneok from $39.00 to $46.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 16th. RBC Capital Markets reaffirmed a “sector perform” rating and set a $46.00 price objective (up previously from $39.00) on shares of Oneok in a research report on Tuesday, August 16th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Oneok in a research report on Wednesday, August 3rd. Fourteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $41.00.
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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