Oneok Partners LP (OKS) Stake Lowered by Alliancebernstein L.P.

Alliancebernstein L.P. decreased its position in shares of Oneok Partners LP (NYSE:OKS) by 43.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,000 shares of the pipeline company’s stock after selling 38,731 shares during the quarter. Alliancebernstein L.P.’s holdings in Oneok Partners were worth $2,554,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of OKS. Bank of America Corp DE grew its holdings in shares of Oneok Partners by 641.5% during the first quarter. Bank of America Corp DE now owns 2,854,270 shares of the pipeline company’s stock valued at $154,102,000 after buying an additional 2,469,324 shares during the last quarter. Alps Advisors Inc. grew its holdings in shares of Oneok Partners by 11.6% during the second quarter. Alps Advisors Inc. now owns 12,489,281 shares of the pipeline company’s stock valued at $637,828,000 after buying an additional 1,295,146 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Oneok Partners by 12.6% during the first quarter. Goldman Sachs Group Inc. now owns 9,153,260 shares of the pipeline company’s stock valued at $494,184,000 after buying an additional 1,021,623 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Oneok Partners by 15.1% during the second quarter. JPMorgan Chase & Co. now owns 3,774,225 shares of the pipeline company’s stock valued at $192,749,000 after buying an additional 494,152 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Oneok Partners by 14.8% during the second quarter. Bank of Montreal Can now owns 2,711,924 shares of the pipeline company’s stock valued at $138,497,000 after buying an additional 350,622 shares during the last quarter. Hedge funds and other institutional investors own 41.23% of the company’s stock.

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A number of research firms have recently commented on OKS. Jefferies Group LLC set a $50.00 price target on shares of Oneok Partners and gave the company a “hold” rating in a report on Friday, June 16th. BidaskClub upgraded shares of Oneok Partners from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Oneok Partners has a consensus rating of “Hold” and an average price target of $48.88.

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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Institutional Ownership by Quarter for Oneok Partners (NYSE:OKS)

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