Oneok Partners LP (NYSE:OKS) Stake Reduced by Duff & Phelps Investment Management Co.
Duff & Phelps Investment Management Co. lowered its stake in Oneok Partners LP (NYSE:OKS) by 8.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 529,291 shares of the pipeline company’s stock after selling 50,000 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Oneok Partners were worth $27,031,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the company. Virtu Financial LLC boosted its stake in shares of Oneok Partners by 188.9% in the first quarter. Virtu Financial LLC now owns 54,367 shares of the pipeline company’s stock valued at $2,935,000 after buying an additional 35,551 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp purchased a new stake in shares of Oneok Partners during the first quarter valued at approximately $2,592,000. Capital Advisors Inc. OK boosted its stake 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 valued at $1,279,000 after buying an additional 2,030 shares during the last quarter. Paragon Capital Management Ltd purchased a new stake in shares of Oneok Partners during the first quarter valued at approximately $266,000. Finally, Stonebridge Capital Management Inc. purchased a new stake in shares of Oneok Partners during the first quarter valued at approximately $243,000. 41.23% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Oneok Partners LP (NYSE:OKS) opened at 51.07 on Friday. The firm’s 50-day moving average is $49.23 and its 200 day moving average is $49.70. Oneok Partners LP has a 52 week low of $36.13 and a 52 week high of $57.41.
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Several 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 on the stock. BMO Capital Markets set a $53.00 price target on Oneok Partners and gave the company a “hold” rating in a report on Tuesday, May 2nd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $57.00 price target on shares of Oneok Partners in a report on Friday, May 12th. Jefferies Group LLC set a $50.00 price target on Oneok Partners and gave the company a “hold” rating in a report on Friday, June 16th. Finally, BidaskClub cut 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 issued a buy rating to the company’s stock. The stock currently has an average 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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