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 6,790 funds
0
Analysts bullish %
of 10 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
41% more first-time investments, than exits
New positions opened: 157 | Existing positions closed: 111
10% more capital invested
Capital invested by funds: $33.6B [Q2] → $36.9B (+$3.24B) [Q3]
3% more funds holding
Funds holding: 1,378 [Q2] → 1,424 (+46) [Q3]
9% more repeat investments, than reductions
Existing positions increased: 521 | Existing positions reduced: 479
0% more funds holding in top 10
Funds holding in top 10: 39 [Q2] → 39 (+0) [Q3]
0.92% less ownership
Funds ownership: 70.73% [Q2] → 69.81% (-0.92%) [Q3]
4% less call options, than puts
Call options by funds: $519M | Put options by funds: $543M
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$94
14%
downside
Avg. target
$106
3%
downside
High target
$132
21%
upside
10 analyst ratings
5 positive
50%
5 neutral
50%
0 negative
0%
Truist Securities Neal Dingmann 50% 1-year accuracy 56 / 111 met price target | 2%downside $107 | Hold Maintained | 3 Dec 2024 |
UBS Brian Reynolds 100% 1-year accuracy 7 / 7 met price target | 21%upside $132 | Buy Maintained | 15 Nov 2024 |
Barclays Theresa Chen 20% 1-year accuracy 4 / 20 met price target | 9%downside $99 | Equal-Weight Maintained | 4 Nov 2024 |
Wells Fargo Michael Blum 86% 1-year accuracy 18 / 21 met price target | 2%downside $107 | Overweight Maintained | 1 Nov 2024 |
Truist Securities Neal Dingmann 50% 1-year accuracy 56 / 111 met price target | 9%downside $99 | Hold Maintained | 30 Oct 2024 |
Financial journalist opinion
Based on 23 articles about OKE published over the past 30 days
Positive
Zacks Investment Research
1 day 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
1 day 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 days 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
4 days 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
4 days 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
1 week 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
1 week 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
1 week 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.
Positive
The Motley Fool
1 week ago
This High-Yield Dividend Stock Continues Its Wheeling and Dealing With $5.5 Billion of Additional Deals
Oneok (OKE -4.72%) has been busy over the past couple of years. The midstream giant has closed several acquisitions that significantly increased its scale, diversification, and growth profile.
Positive
Market Watch
1 week ago
15 stocks — including Palantir and Nvidia — whose sales estimates have risen the most this earnings season
Other companies whose consensus 2025 revenue estimates have increased the most include BlackRock and Coterra Energy.
Charts implemented using Lightweight Charts™