Trading Report: The Chatham Capital Group Inc. Holds Position in Oneok Partners LP (OKS)

The Chatham Capital Group Inc. Holds Position in Oneok Partners LP (OKS)

Chatham Capital Group Inc. maintained its position in Oneok Partners LP (NYSE:OKS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,900 shares of the company’s stock at the end of the second quarter. Chatham Capital Group Inc.’s holdings in Oneok Partners were worth $877,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of OKS. Energy Income Partners LLC raised its stake in shares of Oneok Partners by 378.8% in the first quarter. Energy Income Partners LLC now owns 3,109,540 shares of the company’s stock worth $97,639,000 after buying an additional 2,460,062 shares during the period. Harvest Fund Advisors LLC raised its stake in shares of Oneok Partners by 13.7% in the first quarter. Harvest Fund Advisors LLC now owns 3,080,898 shares of the company’s stock worth $96,740,000 after buying an additional 370,155 shares during the period. Bank of Montreal Can acquired a new stake in shares of Oneok Partners during the second quarter worth about $114,775,000. Creative Planning raised its stake in shares of Oneok Partners by 1.0% in the second quarter. Creative Planning now owns 923,276 shares of the company’s stock worth $36,986,000 after buying an additional 9,075 shares during the period. Finally, Barclays PLC raised its stake in shares of Oneok Partners by 12.8% in the first quarter. Barclays PLC now owns 605,849 shares of the company’s stock worth $18,782,000 after buying an additional 68,652 shares during the period.

Shares of Oneok Partners LP (NYSE:OKS) traded up 0.12% during midday trading on Monday, hitting $41.43. The company had a trading volume of 352,814 shares. The stock’s 50-day moving average price is $39.03 and its 200-day moving average price is $38.23. The company has a market cap of $11.84 billion, a price-to-earnings ratio of 35.23 and a beta of 0.39. Oneok Partners LP has a 12 month low of $21.86 and a 12 month high of $42.34.

Oneok Partners (NYSE:OKS) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by $0.14. During the same period in the prior year, the firm posted $0.44 earnings per share. On average, equities research analysts forecast that Oneok Partners LP will post $2.26 EPS for the current year.

A number of analysts recently weighed in on the stock. Morgan Stanley lowered shares of Oneok Partners from an “overweight” rating to an “equal weight” rating and set a $45.00 target price on the stock. in a research note on Tuesday, October 4th. Stifel Nicolaus upgraded shares of Oneok Partners from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Tuesday, September 13th. They noted that the move was a valuation call. Deutsche Bank AG upgraded shares of Oneok Partners from a “sell” rating to a “hold” rating and upped their target price for the stock from $40.00 to $42.00 in a research note on Monday, October 10th. JPMorgan Chase & Co. upgraded shares of Oneok Partners from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $34.00 to $40.00 in a research note on Monday, September 5th. Finally, Zacks Investment Research upgraded shares of Oneok Partners from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Monday, July 11th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $40.18.

In other Oneok Partners news, insider John William Gibson acquired 5,000 shares of the company’s stock in a transaction on Monday, September 12th. The shares were bought at an average cost of $38.09 per share, for a total transaction 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 can be accessed through this link.

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.

Related posts

Leave a Comment