Mariner Wealth Advisors buys $6.4 Million stake in ONEOK (OKE)

ONEOK (OKE) : Mariner Wealth Advisors scooped up 301 additional shares in ONEOK during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 156,611 shares of ONEOK which is valued at $6.4 Million.ONEOK makes up approximately 0.38% of Mariner Wealth Advisors’s portfolio.

Other Hedge Funds, Including , Mizuho Asset Managementltd. reduced its stake in OKE by selling 1,341 shares or 49.74% in the most recent quarter. The Hedge Fund company now holds 1,355 shares of OKE which is valued at $55,609. ONEOK makes up approx 0.02% of Mizuho Asset Managementltd.’s portfolio.Blackrock Group Ltd boosted its stake in OKE in the latest quarter, The investment management firm added 404,516 additional shares and now holds a total of 2,310,037 shares of ONEOK which is valued at $94.8 Million. ONEOK makes up approx 0.05% of Blackrock Group Ltd’s portfolio.Nationwide Fund Advisors reduced its stake in OKE by selling 2,025 shares or 3.23% in the most recent quarter. The Hedge Fund company now holds 60,627 shares of OKE which is valued at $2.4 Million. ONEOK makes up approx 0.01% of Nationwide Fund Advisors’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in OKE in the latest quarter, The investment management firm added 28,452 additional shares and now holds a total of 56,402 shares of ONEOK which is valued at $2.2 Million. ONEOK makes up approx 0.06% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.

ONEOK opened for trading at $42 and hit $43.42 on the upside on Wednesday, eventually ending the session at $43.07, with a gain of 3.29% or 1.37 points. The heightened volatility saw the trading volume jump to 24,36,042 shares. Company has a market cap of $9,049 M.

On the company’s financial health, ONEOK reported $0.40 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.42.Analysts expectations of $ 2117.86.During the same quarter in the previous year, the company posted $0.29 EPS.

Many Wall Street Analysts have commented on ONEOK. Company shares were Upgraded by Barclays on May 9, 2016 to ” Overweight”, Firm has raised the Price Target to $ 49 from a previous price target of $27 .

ONEOK Inc. is the sole general partner of ONEOK Partners L.P. (ONEOK Partners) a master limited partnership engaged in the gathering processing storage and transportation of natural gas in the United States. The Company operates through three segments: Natural Gas Gathering and Processing Natural Gas Liquids and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment provides nondiscretionary services to producers including gathering and processing of natural gas produced from crude oil and natural gas wells. The Natural Gas Liquids segment owns and operates facilities that gather fractionate treat and distribute natural gas liquids (NGLs) and store NGL products primarily in Oklahoma Kansas Texas New Mexico and the Rocky Mountain region. The Natural Gas Pipelines segment owns and operates regulated natural gas transmission pipelines and natural gas storage facilities.

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