ONEOK (OKE) : Viking Fund Management scooped up 90,000 additional shares in ONEOK during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 130,000 shares of ONEOK which is valued at $6,474,000.ONEOK makes up approximately 1.04% of Viking Fund Management’s portfolio.
Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in OKE by selling 403 shares or 6.34% in the most recent quarter. The Hedge Fund company now holds 5,951 shares of OKE which is valued at $296,360. ONEOK makes up approx 0.01% of Msi Financial Services Inc’s portfolio. Chicago Trust Co Na added OKE to its portfolio by purchasing 4,000 company shares during the most recent quarter which is valued at $199,280. ONEOK makes up approx 0.09% of Chicago Trust Co Na’s portfolio.
ONEOK closed down -0.53 points or -1.05% at $49.82 with 11,14,881 shares getting traded on Tuesday. Post opening the session at $50.34, the shares hit an intraday low of $49.27 and an intraday high of $50.52 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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.
Many Wall Street Analysts have commented on ONEOK. ONEOK was Downgraded by Morgan Stanley to ” Equal-Weight” on Oct 4, 2016. Company shares were Reiterated by RBC Capital Mkts on Aug 16, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 46 from a previous price target of $39 .
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.