Investors sold shares of Oneok Inc. (NYSE:OKE) on strength during trading hours on Friday. $14.86 million flowed into the stock on the tick-up and $27.32 million flowed out of the stock on the tick-down, for a money net flow of $12.46 million out of the stock. Of all stocks tracked, Oneok had the 0th highest net out-flow for the day. Oneok traded up $0.63 for the day and closed at $48.12

Several equities research analysts recently issued reports on OKE shares. Jefferies Group lowered shares of Oneok from a “buy” rating to a “hold” rating and lifted their price objective for the company from $34.00 to $42.00 in a research note on Wednesday, June 8th. Royal Bank Of Canada started coverage on shares of Oneok in a research note on Monday, March 28th. They issued a “sector perform” rating and a $35.00 price objective for the company. Barclays PLC raised shares of Oneok from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $27.00 to $49.00 in a research note on Monday, May 9th. US Capital Advisors lowered shares of Oneok from an “overweight” rating to a “hold” rating in a research note on Wednesday, May 18th. Finally, Citigroup Inc. lifted their price objective on shares of Oneok from $35.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, June 17th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. Oneok has an average rating of “Hold” and a consensus price target of $34.31.

The company has a market cap of $10.11 billion and a P/E ratio of 37.98. The stock has a 50-day moving average of $46.01 and a 200-day moving average of $33.24.

Oneok (NYSE:OKE) last released its earnings results on Tuesday, May 3rd. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by $0.01. During the same quarter last year, the company earned $0.29 EPS. Analysts forecast that Oneok Inc. will post $1.77 earnings per share for the current year.

A number of hedge funds and institutional investors have added to or reduced their stakes in OKE. Great West Life Assurance Co. Can increased its position in Oneok by 0.5% in the fourth quarter. Great West Life Assurance Co. Can now owns 114,960 shares of the company’s stock worth $2,833,000 after buying an additional 550 shares during the period. Gulf International Bank UK Ltd increased its position in Oneok by 1.0% in the fourth quarter. Gulf International Bank UK Ltd now owns 60,206 shares of the company’s stock worth $1,485,000 after buying an additional 600 shares during the period. Nationwide Fund Advisors increased its position in Oneok by 1.7% in the fourth quarter. Nationwide Fund Advisors now owns 62,652 shares of the company’s stock worth $1,545,000 after buying an additional 1,046 shares during the period. Mizuho Trust & Banking Co. Ltd. increased its position in Oneok by 0.9% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 322,118 shares of the company’s stock worth $7,550,000 after buying an additional 2,761 shares during the period. Finally, Aberdeen Asset Management PLC UK increased its position in Oneok by 11.7% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 55,499 shares of the company’s stock worth $2,036,000 after buying an additional 5,794 shares during the period.

ONEOK, Inc is the sole general partner of ONEOK Partners, L.P. (ONEOK Partners), a master limited partnership engaged in the gathering, processing, storage and transportation of natural gas in the United States. The Company operates through three business segments: Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines.

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