IFP Advisors Inc decreased its position in shares of Oneok Partners LP (NYSE:OKS) by 4.4% during the second quarter, Holdings Channel reports. The institutional investor owned 14,467 shares of the pipeline company’s stock after selling 669 shares during the period. IFP Advisors Inc’s holdings in Oneok Partners were worth $739,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. DUPONT CAPITAL MANAGEMENT Corp acquired a new position in shares of Oneok Partners during the first quarter worth approximately $2,592,000. Capital Advisors Inc. OK increased its position in shares of Oneok Partners by 9.4% in the first quarter. Capital Advisors Inc. OK now owns 23,689 shares of the pipeline company’s stock worth $1,279,000 after buying an additional 2,030 shares in the last quarter. Paragon Capital Management Ltd acquired a new position in shares of Oneok Partners during the first quarter worth approximately $266,000. Stonebridge Capital Management Inc. acquired a new position in shares of Oneok Partners during the first quarter worth approximately $243,000. Finally, Sigma Planning Corp increased its position in shares of Oneok Partners by 4.2% in the first quarter. Sigma Planning Corp now owns 6,704 shares of the pipeline company’s stock worth $362,000 after buying an additional 270 shares in the last quarter. Institutional investors own 41.23% of the company’s stock.

Shares of Oneok Partners LP (NYSE:OKS) opened at 51.07 on Friday. Oneok Partners LP has a 52 week low of $36.13 and a 52 week high of $57.41. The company has a 50-day moving average price of $49.23 and a 200 day moving average price of $49.70.

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A number of brokerages recently commented on OKS. Guggenheim began coverage on Oneok Partners in a report on Monday, April 17th. They set a “neutral” rating and a $53.00 target price for the company. BMO Capital Markets set a $53.00 target price on Oneok Partners and gave the company a “hold” rating in a report on Tuesday, May 2nd. Royal Bank Of Canada restated a “hold” rating and set a $57.00 target price on shares of Oneok Partners in a report on Friday, May 12th. Jefferies Group LLC set a $50.00 target price on Oneok Partners and gave the company a “hold” rating in a report on Friday, June 16th. Finally, BidaskClub downgraded Oneok Partners from a “hold” rating to a “sell” rating in a report on Saturday, June 10th. Fourteen research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $47.85.

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. 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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