Oneok Inc. (NYSE: OKE) is 23.31% higher on its value in year-to-date trading and has touched a low of $60.58 and a high of $88.68 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OKE stock was last observed hovering at around $88.40 in the last trading session, with the day’s loss setting it -1.81%.
Currently trading at $86.59, the stock is 3.47% and 4.99% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.21 million and changing -2.05% at the moment leaves the stock 14.12% off its SMA200. OKE registered 32.00% gain for a year compared to 6-month gain of 20.78%.
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The stock witnessed a 2.56% loss in the last 1 month and extending the period to 3 months gives it a 4.69%, and is 0.99% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.58% over the week and 1.93% over the month.
Oneok Inc. (OKE) has around 4775 employees, a market worth around $50.57B and $19.02B in sales. Current P/E ratio is 18.88 and Fwd P/E is 15.38. Profit margin for the company is 13.46%. Distance from 52-week low is 42.93% and -2.36% from its 52-week high. The company has generated returns on investments over the last 12 months (6.91%).
with sales reaching $6.54B over the same period.The EPS is expected to shrink by -7.67% this year, but quarterly earnings will post 29.30% year-over-year.
Oneok Inc. (OKE) Top Institutional Holders
1768.0 institutions hold shares in Oneok Inc. (OKE), with institutional investors hold 70.35% of the company’s shares. The shares outstanding are 583.09M, and float is at 582.28M with Short Float at 1.45%. Institutions hold 70.22% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 69.13 million shares valued at $5.54 billion. The investor’s holdings represent 11.833 of the OKE Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 51.14 million shares valued at $4.1 billion to account for 8.7533 of the shares outstanding. The other top investors are STATE STREET CORP which holds 37.51 million shares representing 6.4209 and valued at over $3.01 billion, while CHARLES SCHWAB INVESTMENT MANAGEMENT INC holds 2.8394 of the shares totaling 16.59 million with a market value of $1.33 billion.
Oneok Inc. (OKE) Insider Activity
Oneok Inc. disclosed in a document filed with the SEC on Mar 01 ’24 that Smith Wayne Thomas (Director) bought a total of 2,700 shares of the company’s common stock. The trade occurred on Mar 01 ’24 and was made at $75.25 per share for $0.2 million. Following the transaction, the insider now directly holds 2700.0 shares of the OKE stock.
Still, SEC filings show that on Dec 22 ’23, RODRIGUEZ EDUARDO A (Director) disposed off 800 shares at an average price of $70.29 for $56230.0. The insider now directly holds 25,154 shares of Oneok Inc. (OKE).
