Oneok Partners LP (OKS) Stake Maintained by Barings LLC
Barings LLC continued to hold its position in shares of Oneok Partners LP (NYSE:OKS) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 299,125 shares of the pipeline company’s stock at the end of the 2nd quarter. Barings LLC’s holdings in Oneok Partners were worth $16,150,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Winslow Evans & Crocker Inc. raised its position in shares of Oneok Partners by 3.4% in the second quarter. Winslow Evans & Crocker Inc. now owns 2,560 shares of the pipeline company’s stock valued at $131,000 after buying an additional 84 shares during the last quarter. Sandy Spring Bank boosted its position in Oneok Partners by 2.3% during the second quarter. Sandy Spring Bank now owns 3,000 shares of the pipeline company’s stock worth $153,000 after acquiring an additional 67 shares during the last quarter. Huntington National Bank boosted its position in Oneok Partners by 83.3% during the second quarter. Huntington National Bank now owns 3,300 shares of the pipeline company’s stock worth $169,000 after acquiring an additional 1,500 shares during the last quarter. BB&T Securities LLC acquired a new stake in Oneok Partners during the first quarter worth approximately $206,000. Finally, Pathstone Family Office LLC acquired a new stake in Oneok Partners during the second quarter worth approximately $208,000. Institutional investors and hedge funds own 41.23% of the company’s stock.
A number of research analysts have weighed in on the company. BidaskClub lowered 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 report on Friday, June 16th. Twelve investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $48.82.
Oneok Partners LP (NYSE:OKS) traded up 0.63% during trading on Tuesday, hitting $51.07. The stock had a trading volume of 5,018,915 shares. Oneok Partners LP has a 12-month low of $36.13 and a 12-month high of $57.41. The company has a 50 day moving average of $49.23 and a 200-day moving average of $49.70.
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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