Trading Report: Today, Oneok Partners LP (OKS) Stake Maintained by North Star Investment Management Corp.

Today, Oneok Partners LP (OKS) Stake Maintained by North Star Investment Management Corp.

North Star Investment Management Corp. held its position in Oneok Partners LP (NYSE:OKS) during the third quarter, Holdings Channel reports. The fund owned 6,000 shares of the company’s stock at the end of the third quarter. North Star Investment Management Corp.’s holdings in Oneok Partners were worth $240,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blair William & Co. IL increased its stake in shares of Oneok Partners by 4.7% in the second quarter. Blair William & Co. IL now owns 99,403 shares of the company’s stock valued at $3,982,000 after buying an additional 4,500 shares during the period. ING Groep NV increased its stake in shares of Oneok Partners by 47.8% in the second quarter. ING Groep NV now owns 408,000 shares of the company’s stock valued at $16,344,000 after buying an additional 132,000 shares during the period. Prospera Financial Services Inc acquired a new stake in shares of Oneok Partners during the second quarter valued at about $247,000. Solaris Asset Management LLC increased its stake in shares of Oneok Partners by 1,205.0% in the second quarter. Solaris Asset Management LLC now owns 6,525 shares of the company’s stock valued at $261,000 after buying an additional 6,025 shares during the period. Finally, Duff & Phelps Investment Management Co. increased its stake in shares of Oneok Partners by 182.0% in the second quarter. Duff & Phelps Investment Management Co. now owns 251,791 shares of the company’s stock valued at $10,087,000 after buying an additional 162,500 shares during the period.

Oneok Partners LP (NYSE:OKS) traded down 0.60% during trading on Friday, hitting $41.20. The stock had a trading volume of 191,039 shares. The company has a market cap of $11.78 billion, a PE ratio of 31.12 and a beta of 0.39. The company’s 50 day moving average is $40.61 and its 200-day moving average is $39.72. Oneok Partners LP has a 12 month low of $21.86 and a 12 month high of $42.59.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Monday, October 31st were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 7.67%. The ex-dividend date of this dividend was Thursday, October 27th.

OKS has been the topic of several recent analyst reports. Robert W. Baird raised Oneok Partners from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $24.00 to $45.00 in a research note on Friday, August 12th. Jefferies Group reissued a “hold” rating and set a $42.00 target price on shares of Oneok Partners in a research note on Sunday, October 16th. Royal Bank Of Canada lifted their target price on Oneok Partners from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 16th. JPMorgan Chase & Co. raised Oneok Partners from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $34.00 to $40.00 in a research note on Monday, September 5th. Finally, Piper Jaffray Cos. downgraded Oneok Partners from an “overweight” rating to a “neutral” rating and set a $44.00 target price on the stock. in a research note on Thursday, October 13th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company. Oneok Partners currently has a consensus rating of “Hold” and an average target price of $40.18.

In other Oneok Partners news, insider John William Gibson purchased 5,000 shares of the firm’s stock in a transaction on Monday, September 12th. The stock was bought at an average cost of $38.09 per share, with a total value of $190,450.00. Following the acquisition, the insider now directly owns 105,000 shares of the company’s stock, valued at $3,999,450. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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. The Company’s segments are Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines.

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