Crescent Grove Advisors LLC Purchases New Stake in Oneok Partners LP (NYSE:OKS)
Crescent Grove Advisors LLC purchased a new stake in Oneok Partners LP (NYSE:OKS) during the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 4,444 shares of the pipeline company’s stock, valued at approximately $227,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of OKS. Virtu Financial LLC boosted its position in 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 in the last quarter. DUPONT CAPITAL MANAGEMENT Corp purchased a new position in Oneok Partners during the first quarter valued at about $2,592,000. Capital Advisors Inc. OK boosted its position in 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 in the last quarter. Paragon Capital Management Ltd purchased a new position in Oneok Partners during the first quarter valued at about $266,000. Finally, Stonebridge Capital Management Inc. purchased a new position in Oneok Partners during the first quarter valued at about $243,000. 41.23% of the stock is owned by hedge funds and other institutional investors.
Oneok Partners LP (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 stock’s 50 day moving average is $49.23 and its 200-day moving average is $49.70.
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Several research firms recently issued reports on OKS. Guggenheim began coverage on shares of Oneok Partners in a report on Monday, April 17th. They set a “neutral” rating and a $53.00 price target for the company. BMO Capital Markets set a $53.00 price target on shares of Oneok Partners and gave the stock a “hold” rating in a report on Tuesday, May 2nd. Royal Bank Of Canada reissued a “hold” rating and set a $57.00 price target on shares of Oneok Partners in a report on Friday, May 12th. Jefferies Group LLC set a $50.00 target price on shares of Oneok Partners and gave the company a “hold” rating in a report on Friday, June 16th. Finally, BidaskClub cut shares of Oneok Partners from a “hold” rating to a “sell” rating in a report on Saturday, June 10th. Fourteen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price 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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