Oneok Partners LP (OKS) Stake Lifted by Oppenheimer Asset Management Inc.
Oppenheimer Asset Management Inc. grew its holdings in Oneok Partners LP (NYSE:OKS) by 20.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,521 shares of the pipeline company’s stock after purchasing an additional 1,115 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Oneok Partners were worth $333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Hillsdale Investment Management Inc. acquired a new position in shares of Oneok Partners in the 1st quarter valued at about $124,000. Winslow Evans & Crocker Inc. lifted its stake in shares of Oneok Partners by 3.4% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 2,560 shares of the pipeline company’s stock valued at $131,000 after purchasing an additional 84 shares during the period. Huntington National Bank lifted its stake in shares of Oneok Partners by 83.3% in the 2nd quarter. Huntington National Bank now owns 3,300 shares of the pipeline company’s stock valued at $169,000 after purchasing an additional 1,500 shares during the period. Pinnacle Associates Ltd. acquired a new position in shares of Oneok Partners in the 1st quarter valued at about $201,000. Finally, Homrich & Berg acquired a new position in shares of Oneok Partners in the 1st quarter valued at about $205,000. 41.23% of the stock is currently owned by institutional investors.
Oneok Partners LP (NYSE:OKS) opened at 51.07 on Monday. Oneok Partners LP has a 1-year low of $36.13 and a 1-year high of $57.41. The company’s 50-day moving average price is $49.23 and its 200-day moving average price is $49.70.
A number of brokerages have recently issued reports on OKS. BidaskClub downgraded Oneok Partners from a “hold” rating to a “sell” rating in a research note on Saturday, June 10th. Jefferies Group LLC set a $50.00 price objective on Oneok Partners and gave the company a “hold” rating in a research note on Friday, June 16th. Twelve investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $48.82.
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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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