Sasco Capital Inc Ct Lowers stake in ONEOK (OKE)

ONEOK (OKE) : Sasco Capital Inc Ct reduced its stake in ONEOK by 12.92% during the most recent quarter end. The investment management company now holds a total of 3,534,565 shares of ONEOK which is valued at $168,987,553 after selling 524,340 shares in ONEOK , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.ONEOK makes up approximately 4.24% of Sasco Capital Inc Ct’s portfolio.

Other Hedge Funds, Including , Guardian Capital Lp boosted its stake in OKE in the latest quarter, The investment management firm added 52,822 additional shares and now holds a total of 178,099 shares of ONEOK which is valued at $8,514,913. ONEOK makes up approx 0.14% of Guardian Capital Lp’s portfolio.Bokf Na reduced its stake in OKE by selling 6,345 shares or 3.35% in the most recent quarter. The Hedge Fund company now holds 183,297 shares of OKE which is valued at $8,990,718. ONEOK makes up approx 0.30% of Bokf Na’s portfolio. Ray Gerald L Associates Ltd added OKE to its portfolio by purchasing 8,298 company shares during the most recent quarter which is valued at $409,838. ONEOK makes up approx 0.06% of Ray Gerald L Associates Ltd’s portfolio.Ls Investment Advisors reduced its stake in OKE by selling 420 shares or 5.7% in the most recent quarter. The Hedge Fund company now holds 6,952 shares of OKE which is valued at $334,252. ONEOK makes up approx 0.03% of Ls Investment Advisors’s portfolio. Campbell Co Investment Adviser added OKE to its portfolio by purchasing 6,931 company shares during the most recent quarter which is valued at $321,876. ONEOK makes up approx 0.91% of Campbell Co Investment Adviser’s portfolio.

ONEOK opened for trading at $50.07 and hit $50.6 on the upside on Monday, eventually ending the session at $50.42, with a gain of 1.18% or 0.59 points. The heightened volatility saw the trading volume jump to 10,99,604 shares. Company has a market cap of $10,615 M.

On the company’s financial health, ONEOK reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $0.42.Analysts expectations of $ 2306.59.During the same quarter in the previous year, the company posted $0.39 EPS.

Many Wall Street Analysts have commented on ONEOK. ONEOK was Downgraded by Morgan Stanley to ” Equal-Weight” on Oct 4, 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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