Shares of ONEOK (NYSE:OKE) Sees Large Inflow of Net Money Flow

Shares of ONEOK (NYSE:OKE) saw an erosion of -1.34 points in recent session. During the trading, the value of each share was $45.19, dropping -2.88%. The shares saw high fund-flow as the composite value of all the upticks was $28.64 million and the total value of all the downticks was a mere $21.25 million. The net money flow was seen at $7.38 million and the up/down ratio was measured at 1.35. On a weekly basis the shares of the shares have recorded a change of 2.63%.The block trade which occurred today had $10.23 million in upticks and $2.44 million in downticks with the up/down ratio climbing to 4.2. $7.79 million was the net money flow of the block transaction.


Currently the company Insiders own 0.9% of ONEOK shares according to the proxy statements. Institutional Investors own 75.03% of ONEOK shares. During last six month period, the net percent change held by insiders has seen a change of -18.81%. On the companys insider trading activities, Derksen Brian L, director of Oneok Inc /New/, executed a transaction worth $54,594 on March 17, 2016. A total of 1,800 shares were purchased at an average price of $30.33. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

ONEOK (NYSE:OKE) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.21 points or 0.46% at $44.98 with 2,327,670 shares getting traded. Post opening the session at $44.8, the shares hit an intraday low of $44.35 and an intraday high of $45.52 and the price was in this range throughout the day. The company has a market cap of $9,451 million and the number of outstanding shares have been calculated to be 210,104,550 shares. The 52-week high of ONEOK (NYSE:OKE) is $46.79 and the 52-week low is $18.84.

Many analysts have stated their opinion on the company shares. Jefferies downgrades its view on ONEOK (NYSE:OKE) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. Jefferies raises the price target from $34 per share to $42 per share on ONEOK . The rating by the firm was issued on June 8, 2016.

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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