Coastline Trust Co continued to hold its position in shares of Oneok Partners LP (NYSE:OKS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,720 shares of the pipeline company’s stock at the close of the 2nd quarter. Coastline Trust Co’s holdings in Oneok Partners were worth $1,007,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in OKS. Hillsdale Investment Management Inc. purchased a new stake in Oneok Partners during the 1st quarter valued at approximately $124,000. Winslow Evans & Crocker Inc. grew its holdings in Oneok Partners by 3.4% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 2,560 shares of the pipeline company’s stock valued at $131,000 after buying an additional 84 shares in the last quarter. Huntington National Bank grew its holdings in Oneok Partners by 83.3% during the 2nd quarter. Huntington National Bank now owns 3,300 shares of the pipeline company’s stock valued at $169,000 after buying an additional 1,500 shares in the last quarter. Pinnacle Associates Ltd. purchased a new stake in Oneok Partners during the 1st quarter valued at approximately $201,000. Finally, Homrich & Berg purchased a new stake in Oneok Partners during the 1st quarter valued at approximately $205,000. 41.23% of the stock is owned by institutional investors.
OKS has been the subject of a number of research analyst reports. BidaskClub raised shares of Oneok Partners from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. Jefferies Group LLC set a $50.00 price objective on shares of Oneok Partners and gave the company a “hold” rating in a report on Friday, June 16th. Twelve investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $48.82.
Oneok Partners LP (NYSE OKS) opened at 51.07 on Tuesday. Oneok Partners LP has a 52-week low of $36.13 and a 52-week high of $57.41. The stock’s 50 day moving average price is $49.23 and its 200-day moving average price is $49.70.
About Oneok Partners
ONEOK Partners, L.P. is engaged in gathering, processing, storage and transportation of natural gas in the United States. In addition, the Company owns natural gas liquids (NGL) systems, connecting NGL supply in the Mid-Continent, Permian and Rocky Mountain regions. It operates through three segments: Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines.
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