Conning Inc. decreased its position in Oneok Partners LP (NYSE:OKS) by 1.3% during the second quarter, Holdings Channel reports. The fund owned 137,978 shares of the company’s stock after selling 1,842 shares during the period. Conning Inc.’s holdings in Oneok Partners were worth $5,527,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of OKS. Fox Run Management L.L.C. bought a new position in shares of Oneok Partners during the first quarter worth approximately $402,000. Duncker Streett & Co. Inc. increased its position in shares of Oneok Partners by 22.1% in the first quarter. Duncker Streett & Co. Inc. now owns 9,104 shares of the company’s stock worth $286,000 after buying an additional 1,650 shares during the last quarter. Sanders Morris Harris Inc. bought a new position in shares of Oneok Partners during the first quarter worth approximately $735,000. Albert D Mason Inc. increased its position in shares of Oneok Partners by 2.4% in the first quarter. Albert D Mason Inc. now owns 48,969 shares of the company’s stock worth $1,538,000 after buying an additional 1,166 shares during the last quarter. Finally, Commonwealth Equity Services Inc increased its position in shares of Oneok Partners by 13.2% in the first quarter. Commonwealth Equity Services Inc now owns 49,478 shares of the company’s stock worth $1,554,000 after buying an additional 5,774 shares during the last quarter.

Shares of Oneok Partners LP (NYSE:OKS) traded up 2.88% during mid-day trading on Thursday, hitting $39.26. The stock had a trading volume of 570,616 shares. The firm’s 50-day moving average price is $39.45 and its 200 day moving average price is $37.33. The stock has a market cap of $11.22 billion, a price-to-earnings ratio of 33.38 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 earnings results on Tuesday, August 2nd. The company reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by $0.14. During the same period last year, the company posted $0.44 earnings per share. Equities analysts forecast that Oneok Partners LP will post $2.27 EPS for the current fiscal year.

A number of research analysts recently commented on OKS shares. Jefferies Group downgraded Oneok Partners from a “buy” rating to a “hold” rating and upped their price objective for the stock from $37.00 to $40.00 in a research note on Wednesday, June 8th. Citigroup Inc. upped their price objective on Oneok Partners from $36.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, June 17th. Simmons restated an “overweight” rating and set a $45.00 price objective (up from $42.00) on shares of Oneok Partners in a research note on Saturday, June 25th. Zacks Investment Research upgraded Oneok Partners from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Monday, July 11th. Finally, Robert W. Baird upgraded Oneok Partners from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $24.00 to $45.00 in a research note on Friday, August 12th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $38.53.

In related news, insider John William Gibson bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was acquired at an average price of $38.09 per share, for a total transaction of $190,450.00. Following the transaction, the insider now directly owns 105,000 shares of the company’s stock, valued at $3,999,450. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

About Oneok Partners

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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