Quantbot Technologies Lp adds ONEOK (OKE) to its portfolio

ONEOK (OKE) : Quantbot Technologies Lp added new position in ONEOK during the most recent quarter end. The investment management firm now holds 103,497 shares of ONEOK which is valued at $4,745,337 , the company said in a statement filed on Aug 2, 2016 with the SEC.ONEOK makes up approximately 0.49% of Quantbot Technologies Lp’s portfolio.

Other Hedge Funds, Including , State Of New Jersey Common Pension Fund D reduced its stake in OKE by selling 30,000 shares or 2.26% in the most recent quarter. The Hedge Fund company now holds 1,300,000 shares of OKE which is valued at $59,605,000. ONEOK makes up approx 0.26% of State Of New Jersey Common Pension Fund D’s portfolio.Putnam Fl Investment Management Co reduced its stake in OKE by selling 565 shares or 4.08% in the most recent quarter. The Hedge Fund company now holds 13,287 shares of OKE which is valued at $609,209. ONEOK makes up approx 0.07% of Putnam Fl Investment Management Co’s portfolio.Smith Asset Management Group Lp reduced its stake in OKE by selling 780 shares or 38.42% in the most recent quarter. The Hedge Fund company now holds 1,250 shares of OKE which is valued at $54,950. Diversified Trust Co sold out all of its stake in OKE during the most recent quarter. The investment firm sold 16,587 shares of OKE which is valued $729,165.Exxonmobil Investment Management Inc Tx boosted its stake in OKE in the latest quarter, The investment management firm added 3,259 additional shares and now holds a total of 54,386 shares of ONEOK which is valued at $2,575,721. ONEOK makes up approx 0.05% of Exxonmobil Investment Management Inc Tx’s portfolio.

ONEOK opened for trading at $45.33 and hit $46.36 on the upside on Monday, eventually ending the session at $45.58, with a gain of 1.49% or 0.67 points. The heightened volatility saw the trading volume jump to 21,46,665 shares. Company has a market cap of $9,591 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 Aug 2, 2016. Analyst had a consensus of $0.42.Analysts expectations of $ 2112.75.During the same quarter in the previous year, the company posted $0.36 EPS.

Investors should note that on Jul 28, 2016, ONEOK announced a cash dividend of $0.6150. The company’s management has announced Aug 11, 2016 as the ex-dividend date and fixed the record date on Aug 15, 2016. The payable date has been fixed on Aug 14, 2016.

Many Wall Street Analysts have commented on ONEOK. ONEOK was Downgraded by Jefferies to ” Hold” on Jun 8, 2016. 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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