Solaris Asset Management LLC lowered its stake in Oneok Partners LP (NYSE:OKS) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,270 shares of the pipeline company’s stock after selling 75 shares during the period. Solaris Asset Management LLC’s holdings in Oneok Partners were worth $473,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the company. DUPONT CAPITAL MANAGEMENT Corp bought a new position in shares of Oneok Partners during the first quarter valued at $2,592,000. Capital Advisors Inc. OK raised its position in shares of Oneok Partners by 9.4% in the first quarter. Capital Advisors Inc. OK now owns 23,689 shares of the pipeline company’s stock valued at $1,279,000 after buying an additional 2,030 shares during the last quarter. Paragon Capital Management Ltd bought a new position in shares of Oneok Partners during the first quarter valued at $266,000. Stonebridge Capital Management Inc. bought a new position in shares of Oneok Partners during the first quarter valued at $243,000. Finally, Sigma Planning Corp raised its position in shares of Oneok Partners by 4.2% in the first quarter. Sigma Planning Corp now owns 6,704 shares of the pipeline company’s stock valued at $362,000 after buying an additional 270 shares during the last quarter. 41.23% of the stock is currently owned by hedge funds and other institutional investors.
Oneok Partners LP (OKS) traded up 0.63% during midday trading on Friday, hitting $51.07. 5,018,915 shares of the stock were exchanged. The company’s 50 day moving average is $49.23 and its 200 day moving average is $49.70. Oneok Partners LP has a 1-year low of $36.13 and a 1-year high of $57.41.
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Several equities analysts recently commented on OKS shares. Royal Bank Of Canada restated a “hold” rating and issued a $57.00 price target on shares of Oneok Partners in a research note on Friday, May 12th. BMO Capital Markets set a $53.00 price target on shares of Oneok Partners and gave the company a “hold” rating in a research note on Tuesday, May 2nd. BidaskClub upgraded shares of Oneok Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. Finally, Jefferies Group LLC set a $50.00 price target on shares of Oneok Partners and gave the company a “hold” rating in a research note on Friday, June 16th. Thirteen investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Oneok Partners presently has an average rating of “Hold” and a consensus target price of $48.08.
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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