OxFORD Asset Management LLP purchased a new position in shares of ONEOK, Inc. (NYSE:OKE) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 21,802 shares of the utilities provider’s stock, valued at approximately $1,206,000.

Other hedge funds have also made changes to their positions in the company. Ropes Wealth Advisors LLC bought a new stake in shares of ONEOK in the 2nd quarter worth $103,000. Winslow Evans & Crocker Inc. raised its stake in shares of ONEOK by 462.9% in the 3rd quarter. Winslow Evans & Crocker Inc. now owns 1,970 shares of the utilities provider’s stock worth $109,000 after buying an additional 1,620 shares in the last quarter. Mercer Capital Advisers Inc. raised its stake in shares of ONEOK by 229.8% in the 3rd quarter. Mercer Capital Advisers Inc. now owns 1,979 shares of the utilities provider’s stock worth $110,000 after buying an additional 1,379 shares in the last quarter. Enterprise Financial Services Corp raised its stake in shares of ONEOK by 332.8% in the 3rd quarter. Enterprise Financial Services Corp now owns 2,268 shares of the utilities provider’s stock worth $126,000 after buying an additional 1,744 shares in the last quarter. Finally, Sun Life Financial INC raised its stake in shares of ONEOK by 82.1% in the 3rd quarter. Sun Life Financial INC now owns 2,796 shares of the utilities provider’s stock worth $155,000 after buying an additional 1,261 shares in the last quarter. Institutional investors own 70.89% of the company’s stock.

In related news, Director Brian L. Derksen bought 1,800 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were bought at an average cost of $51.00 per share, with a total value of $91,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

Shares of ONEOK, Inc. (NYSE OKE) opened at $51.86 on Wednesday. The stock has a market capitalization of $20,072.91, a price-to-earnings ratio of 32.72, a PEG ratio of 3.36 and a beta of 1.26. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. ONEOK, Inc. has a 52-week low of $47.14 and a 52-week high of $59.47.

ONEOK (NYSE:OKE) last announced its earnings results on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.80 billion. ONEOK had a return on equity of 9.25% and a net margin of 3.76%. During the same period last year, the firm earned $0.43 earnings per share. research analysts anticipate that ONEOK, Inc. will post 1.73 EPS for the current fiscal year.

A number of research firms have recently commented on OKE. Zacks Investment Research downgraded ONEOK from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Argus reissued a “buy” rating and issued a $59.00 price objective (up previously from $55.00) on shares of ONEOK in a research note on Thursday, August 24th. BMO Capital Markets set a $62.00 price objective on ONEOK and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Stifel Nicolaus reissued a “hold” rating and issued a $55.00 price objective on shares of ONEOK in a research note on Friday, November 3rd. Finally, BidaskClub raised ONEOK from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. ONEOK has a consensus rating of “Hold” and an average price target of $59.07.

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ONEOK Company Profile

ONEOK, Inc is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.

Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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