Bokf Na Lowers stake in ONEOK (OKE)

ONEOK (OKE) : Bokf Na reduced its stake in ONEOK by 0.83% during the most recent quarter end. The investment management company now holds a total of 189,642 shares of ONEOK which is valued at $8,884,728 after selling 1,585 shares in ONEOK , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.ONEOK makes up approximately 0.30% of Bokf Na’s portfolio.

Other Hedge Funds, Including , One Capital Management added OKE to its portfolio by purchasing 6,855 company shares during the most recent quarter which is valued at $321,157. ONEOK makes up approx 0.11% of One Capital Management’s portfolio.Credit Agricole S A boosted its stake in OKE in the latest quarter, The investment management firm added 266 additional shares and now holds a total of 130,533 shares of ONEOK which is valued at $6,115,471. ONEOK makes up approx 0.02% of Credit Agricole S A’s portfolio.Hanson Doremus Investment Management reduced its stake in OKE by selling 110 shares or 0.46% in the most recent quarter. The Hedge Fund company now holds 23,660 shares of OKE which is valued at $1,059,731. ONEOK makes up approx 0.46% of Hanson Doremus Investment Management’s portfolio.

ONEOK opened for trading at $46.98 and hit $47.42 on the upside on Monday, eventually ending the session at $47.36, with a gain of 0.81% or 0.38 points. The heightened volatility saw the trading volume jump to 14,12,912 shares. Company has a market cap of $9,966 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.

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