First Manhattan Co. boosted its position in Oneok Partners LP (NYSE:OKS) by 0.2% during the second quarter, Holdings Channel reports. The fund owned 8,084 shares of the pipeline company’s stock after buying an additional 18 shares during the period. First Manhattan Co.’s holdings in Oneok Partners were worth $412,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of OKS. Bank of America Corp DE raised its position in shares of Oneok Partners by 641.5% in the first quarter. Bank of America Corp DE now owns 2,854,270 shares of the pipeline company’s stock worth $154,102,000 after buying an additional 2,469,324 shares during the last quarter. Morgan Stanley raised its position in shares of Oneok Partners by 41.6% in the first quarter. Morgan Stanley now owns 3,841,281 shares of the pipeline company’s stock worth $207,390,000 after buying an additional 1,127,915 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Oneok Partners by 12.6% in the first quarter. Goldman Sachs Group Inc. now owns 9,153,260 shares of the pipeline company’s stock worth $494,184,000 after buying an additional 1,021,623 shares during the last quarter. ING Groep NV raised its position in shares of Oneok Partners by 402.4% in the first quarter. ING Groep NV now owns 1,210,900 shares of the pipeline company’s stock worth $65,376,000 after buying an additional 969,900 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Oneok Partners by 32.1% in the first quarter. JPMorgan Chase & Co. now owns 3,280,073 shares of the pipeline company’s stock worth $177,091,000 after buying an additional 796,289 shares during the last quarter. 41.23% of the stock is currently owned by institutional investors.

Shares of Oneok Partners LP (NYSE OKS) opened at 51.07 on Wednesday. The company’s 50-day moving average price is $49.23 and its 200 day moving average price is $49.70. Oneok Partners LP has a one year low of $36.13 and a one year high of $57.41.

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OKS has been the topic of a number of research reports. BMO Capital Markets set a $53.00 target price on Oneok Partners and gave the stock a “hold” rating in a research report on Tuesday, May 2nd. Guggenheim initiated coverage on Oneok Partners in a research report on Monday, April 17th. They set a “neutral” rating and a $53.00 target price on the stock. Jefferies Group LLC set a $50.00 target price on Oneok Partners and gave the stock a “hold” rating in a research report on Friday, June 16th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $57.00 target price on shares of Oneok Partners in a research report on Friday, May 12th. Finally, BidaskClub raised Oneok Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Fourteen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $47.85.

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. It operates through three segments: Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines.

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Institutional Ownership by Quarter for Oneok Partners (NYSE:OKS)

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