Oneok
About: Oneok is a diversified midstream service provider specializing in natural gas gathering, processing, storage, and transportation and natural gas liquids transportation and fractionation. It also operates a refined product and crude oil segment connecting producers, refiners, and consumers. Operations are in the midcontinent, Permian, and Rocky Mountain regions.
Employees: 4,775
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
46% more first-time investments, than exits
New positions opened: 158 | Existing positions closed: 108
10% more capital invested
Capital invested by funds: $33.6B [Q2] → $36.9B (+$3.26B) [Q3]
4% more funds holding
Funds holding: 1,379 [Q2] → 1,429 (+50) [Q3]
9% more repeat investments, than reductions
Existing positions increased: 522 | Existing positions reduced: 481
0% more funds holding in top 10
Funds holding in top 10: 39 [Q2] → 39 (+0) [Q3]
0.88% less ownership
Funds ownership: 70.73% [Q2] → 69.85% (-0.88%) [Q3]
4% less call options, than puts
Call options by funds: $519M | Put options by funds: $543M
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$98
2%
downside
Avg. target
$107
7%
upside
High target
$132
32%
upside
7 analyst ratings
3 positive
43%
4 neutral
57%
0 negative
0%
Wells Fargo Michael Blum 75% 1-year accuracy 24 / 32 met price target | 7%upside $107 | Equal-Weight Downgraded | 18 Dec 2024 |
Truist Securities Neal Dingmann 34% 1-year accuracy 47 / 140 met price target | 7%upside $107 | Hold Maintained | 3 Dec 2024 |
UBS Brian Reynolds 78% 1-year accuracy 7 / 9 met price target | 32%upside $132 | Buy Maintained | 15 Nov 2024 |
Barclays Theresa Chen 25% 1-year accuracy 6 / 24 met price target | 1%downside $99 | Equal-Weight Maintained | 4 Nov 2024 |
Seaport Global Sunil Sibal 100% 1-year accuracy 5 / 5 met price target | 3%upside $103 | Buy Maintained | 29 Oct 2024 |
Financial journalist opinion
Based on 17 articles about OKE published over the past 30 days
Neutral
PRNewsWire
1 week ago
ONEOK to Participate in Investor Conference
TULSA, Okla., Dec. 9, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will participate in an investor conference this week and in a fireside chat session at 11 a.m.
Positive
Seeking Alpha
2 weeks ago
Buy 3 December Barron's Better Bet 'Safer' Dividend Dogs Of 23
Long-term bond yields continue to rise. But investors looking for income can still find plenty of attractive opportunities with dividend-paying stocks that have healthy yields. “23 stocks pay huge dividends. They should be a better bet than treasuries.” —Barron's Weekly. In an interview, Steven Wieting, strategist at Citi-Wealth, noted that a growing-dividend is a tangible-benefit for shareholders and a-hallmark-of companies with strong-balance-sheets. “Nobody can fake a dividend,” he said.
Positive
Zacks Investment Research
2 weeks ago
ONEOK Completes NGL Fractionation & Pipeline Expansion Projects
OKE announces the completion of the MB-6 NGL fractionator. This indicates OKE's dedication to meeting its customers' needs by expanding its infrastructure.
Positive
Seeking Alpha
2 weeks ago
Buying No-Brainer Dividends For The 'Best Four Years Ever'
Scott Bessent's predictions for a Trump presidency suggest economic growth, driven by tariffs as a threat, energy expansion, and manufacturing revival. Trump's second term may focus on broad economic growth, addressing inflation while boosting U.S. manufacturing, despite challenges like rising oil costs. I present several dividend picks I expect to perform well, as they come with income, dividend growth, secular tailwinds, and pricing power.
Neutral
PRNewsWire
2 weeks ago
ONEOK Announces Completion of NGL Fractionation and Pipeline Expansion Projects
Includes MB-6 NGL Fractionator and Full Looping of the West Texas NGL Pipeline TULSA, Okla. , Dec. 4, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced the completion of MB-6, a 125,000-barrel per day (bpd) natural gas liquids (NGL) fractionator in Mont Belvieu, Texas, and the full looping of the West Texas NGL Pipeline system.
Positive
Seeking Alpha
2 weeks ago
ONEOK: Benefitting From Recent Acquisitions
Consolidation continues full steam in the US midstream space. ONEOK recently acquired Medallion Midstream and a 43% share of EnLink Midstream. The final 57% share in EnLink will be purchased in a tax-free exchange. The combined company will benefit from synergies, expanded services, and a stronger valuation.
Positive
The Motley Fool
2 weeks ago
The Smartest Energy Stocks to Buy With $1,000 Right Now
The energy industry is experiencing a bit of a renaissance. Electricity demand is expected to surge in the coming years, fueled by a multitude of catalysts, including the electrification of the transportation sector and AI data centers.
Positive
Zacks Investment Research
3 weeks ago
Why Is Oneok (OKE) Up 17.1% Since Last Earnings Report?
Oneok (OKE) reported earnings 30 days ago. What's next for the stock?
Positive
Seeking Alpha
3 weeks ago
My Favorite Dividend Stocks For The 'New World Order'
I explore the evolving “New World Order,” focusing on geopolitical changes and the U.S.'s strategic responses. This impacts global markets profoundly. Trump's pick for Treasury Secretary, Scott Bessent, aims to tackle U.S. debt and economic growth with his “3/3/3” plan—cut deficits, boost GDP, and increase oil output. Amid these shifts, I spotlight dividend stocks poised to thrive, emphasizing their resilience, strong yields, and growth potential in a changing economy.
Neutral
Seeking Alpha
3 weeks ago
ONEOK Finishes The Job In Picking Up EnLink Midstream
ONEOK's stock dropped 5% after announcing a $4.3 billion all-stock acquisition of the remaining 57% of EnLink Midstream, a move anticipated by the market. Despite recent gains, ONEOK still warrants a marginal 'buy' rating due to expected synergies and significant cash flows from recent acquisitions. ONEOK's valuation is mid-tier compared to peers, but its low net leverage ratio and focus on dividends and buybacks make it a quality prospect.
Charts implemented using Lightweight Charts™