Oneok Partners LP (NYSE:OKS) saw strong trading volume on Monday . 1,213,903 shares traded hands during trading, an increase of 106% from the previous session’s volume of 589,960 shares.The stock last traded at $39.52 and had previously closed at $40.23.

Several research analysts have recently weighed in on the stock. US Capital Advisors lowered shares of Oneok Partners from an “overweight” rating to a “hold” rating in a report on Wednesday, May 18th. Simmons raised shares of Oneok Partners from a “neutral” rating to an “overweight” rating and set a $35.00 target price for the company in a research report on Wednesday, May 4th. Piper Jaffray Cos. raised shares of Oneok Partners from a “neutral” rating to an “overweight” rating in a research report on Wednesday, May 4th. Zacks Investment Research raised shares of Oneok Partners from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research report on Friday, July 22nd. Finally, Wells Fargo & Co. reissued a “hold” rating on shares of Oneok Partners in a research report on Thursday, May 5th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. Oneok Partners currently has an average rating of “Hold” and a consensus price target of $35.75.

The firm has a 50 day moving average price of $40.16 and a 200-day moving average price of $34.16. The company has a market capitalization of $11.30 billion and a price-to-earnings ratio of 37.50.

Oneok Partners (NYSE:OKS) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. During the same period last year, the business earned $0.21 EPS. On average, analysts expect that Oneok Partners LP will post $2.31 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, August 14th. Shareholders of record on Monday, August 8th will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Thursday, August 4th. This represents a $3.16 dividend on an annualized basis and a yield of 8.00%.

Several large investors have recently made changes to their positions in OKS. US Bancorp DE raised its stake in shares of Oneok Partners by 25.4% in the fourth quarter. US Bancorp DE now owns 35,101 shares of the company’s stock valued at $1,057,000 after buying an additional 7,115 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Oneok Partners by 47.5% in the fourth quarter. Jennison Associates LLC now owns 208,278 shares of the company’s stock valued at $6,275,000 after buying an additional 67,079 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Oneok Partners by 474.2% in the fourth quarter. BNP Paribas Arbitrage SA now owns 537,436 shares of the company’s stock valued at $16,193,000 after buying an additional 443,842 shares in the last quarter. Atlantic Trust Group LLC raised its stake in shares of Oneok Partners by 6.9% in the fourth quarter. Atlantic Trust Group LLC now owns 1,092,200 shares of the company’s stock valued at $32,908,000 after buying an additional 70,583 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP raised its stake in shares of Oneok Partners by 8.6% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 13,187,079 shares of the company’s stock valued at $396,556,000 after buying an additional 1,046,050 shares in the last quarter.

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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