BancFirst Trust & Investment Management Purchases 614 Shares of ONEOK, Inc. (NYSE:OKE)

BancFirst Trust & Investment Management grew its holdings in ONEOK, Inc. (NYSE:OKE) by 2.5% during the 4th quarter, Holdings Channel reports. The firm owned 25,631 shares of the utilities provider’s stock after purchasing an additional 614 shares during the period. ONEOK makes up approximately 1.2% of BancFirst Trust & Investment Management’s portfolio, making the stock its 11th biggest position. BancFirst Trust & Investment Management’s holdings in ONEOK were worth $2,583,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of OKE. Quest Partners LLC acquired a new position in ONEOK during the second quarter valued at approximately $28,000. Matrix Trust Co bought a new stake in shares of ONEOK in the 3rd quarter valued at $29,000. Access Investment Management LLC bought a new stake in ONEOK in the 3rd quarter valued at approximately $37,000. Values First Advisors Inc. acquired a new position in ONEOK during the 3rd quarter worth approximately $44,000. Finally, Fortitude Family Office LLC raised its holdings in shares of ONEOK by 37.4% in the third quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 135 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wells Fargo & Company cut shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 target price for the company. in a report on Wednesday, December 18th. US Capital Advisors upgraded ONEOK from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Barclays upped their target price on ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Bank of America initiated coverage on ONEOK in a research note on Thursday, October 17th. They issued a “buy” rating and a $105.00 price target for the company. Finally, Truist Financial upped their price objective on ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $101.00.

ONEOK Stock Performance

OKE traded up $1.39 on Thursday, reaching $101.79. The company had a trading volume of 818,167 shares, compared to its average volume of 2,817,240. The company’s fifty day moving average is $104.78 and its 200 day moving average is $93.78. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The stock has a market cap of $59.46 billion, a P/E ratio of 21.30, a P/E/G ratio of 5.24 and a beta of 1.69. ONEOK, Inc. has a fifty-two week low of $67.05 and a fifty-two week high of $118.07.

ONEOK (NYSE:OKE) last announced its earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). The firm had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.81 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same quarter last year, the business posted $0.99 EPS. As a group, analysts predict that ONEOK, Inc. will post 5.1 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were given a $0.99 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.89%. ONEOK’s payout ratio is presently 82.85%.

About ONEOK

ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.