Oneok Partners LP (OKS) Stake Increased by Comerica Bank
Comerica Bank grew its stake in Oneok Partners LP (NYSE:OKS) by 23.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,034 shares of the pipeline company’s stock after acquiring an additional 2,460 shares during the quarter. Comerica Bank’s holdings in Oneok Partners were worth $666,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in Oneok Partners by 98.2% during the 1st quarter. Bank of New York Mellon Corp now owns 98,639 shares of the pipeline company’s stock worth $5,324,000 after purchasing an additional 48,865 shares in the last quarter. Gabelli Funds LLC bought a new stake in Oneok Partners during the 1st quarter worth approximately $540,000. State of Wisconsin Investment Board bought a new stake in Oneok Partners during the 1st quarter worth approximately $3,671,000. Pinnacle Associates Ltd. bought a new stake in Oneok Partners during the 1st quarter worth approximately $201,000. Finally, Blair William & Co. IL increased its stake in Oneok Partners by 10.2% during the 1st quarter. Blair William & Co. IL now owns 97,527 shares of the pipeline company’s stock worth $5,110,000 after purchasing an additional 9,011 shares in the last quarter. 41.23% of the stock is owned by institutional investors.
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A number of analysts recently issued reports on OKS shares. Jefferies Group LLC set a $50.00 target price on Oneok Partners and gave the stock a “hold” rating in a research note on Friday, June 16th. BidaskClub raised Oneok Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. Twelve analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $48.82.
Oneok Partners LP (NYSE OKS) opened at 51.07 on Friday. The firm’s 50-day moving average price is $49.23 and its 200-day moving average price is $49.70. Oneok Partners LP has a 52-week low of $36.13 and a 52-week high of $57.41.
Oneok Partners 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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