Oneok Partners LP (OKS) Stake Lowered by Arcus Capital Partners LLC
Arcus Capital Partners LLC lessened its holdings in Oneok Partners LP (NYSE:OKS) by 31.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,950 shares of the pipeline company’s stock after selling 1,811 shares during the period. Arcus Capital Partners LLC’s holdings in Oneok Partners were worth $202,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in OKS. 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 last quarter. Sandy Spring Bank raised 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 valued at $153,000 after buying an additional 67 shares during the period. Huntington National Bank raised 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 valued at $169,000 after buying an additional 1,500 shares during the period. BB&T Securities LLC purchased a new stake in shares of Oneok Partners in the 1st quarter valued at $206,000. Finally, Pathstone Family Office LLC purchased a new stake in shares of Oneok Partners in the 2nd quarter valued at $208,000. 41.23% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently issued reports on the company. Jefferies Group LLC set a $50.00 price objective on Oneok Partners and gave the company a “hold” rating in a report on Friday, June 16th. BidaskClub upgraded Oneok Partners from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price 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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