Cypress Capital Group Has $204,000 Position in Oneok Partners LP (OKS)
Cypress Capital Group continued to hold its stake in Oneok Partners LP (NYSE:OKS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,000 shares of the pipeline company’s stock at the end of the second quarter. Cypress Capital Group’s holdings in Oneok Partners were worth $204,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Winslow Evans & Crocker Inc. lifted its holdings 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 worth $131,000 after purchasing an additional 84 shares in the last quarter. Sandy Spring Bank lifted its holdings in shares of Oneok Partners by 2.3% in the 2nd quarter. Sandy Spring Bank now owns 3,000 shares of the pipeline company’s stock worth $153,000 after purchasing an additional 67 shares in the last quarter. Huntington National Bank lifted its holdings 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 worth $169,000 after purchasing an additional 1,500 shares in the last quarter. BB&T Securities LLC bought a new position in shares of Oneok Partners in the 1st quarter worth $206,000. Finally, Pathstone Family Office LLC bought a new position in shares of Oneok Partners in the 2nd quarter worth $208,000. Institutional investors own 41.23% of the company’s stock.
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A number of equities analysts recently issued reports on the company. BidaskClub upgraded Oneok Partners from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. Jefferies Group LLC set a $50.00 target price on Oneok Partners and gave the stock a “hold” rating in a report on Friday, June 16th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $48.88.
About Oneok Partners
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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