Oneok Inc. (NYSE: OKE) is 35.67% higher on its value in year-to-date trading and has touched a low of $60.58 and a high of $95.28 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 $93.97 in the last trading session, with the day’s gains setting it 1.3%.
Currently trading at $95.27, the stock is 4.23% and 9.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.3 million and changing 1.38% at the moment leaves the stock 21.08% off its SMA200. OKE registered 44.37% gain for a year compared to 6-month gain of 20.55%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 8.88% loss in the last 1 month and extending the period to 3 months gives it a 17.78%, and is 1.70% 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 1.65% over the week and 1.77% over the month.
Oneok Inc. (OKE) has around 4775 employees, a market worth around $55.64B and $19.02B in sales. Current P/E ratio is 20.77 and Fwd P/E is 16.07. Profit margin for the company is 13.46%. Distance from 52-week low is 57.26% and -0.01% from its 52-week high. The company has generated returns on investments over the last 12 months (6.91%).
The EPS is expected to shrink by -7.27% this year.
Oneok Inc. (OKE) Top Institutional Holders
1777.0 institutions hold shares in Oneok Inc. (OKE), with institutional investors hold 70.46% of the company’s shares. The shares outstanding are 583.09M, and float is at 582.83M with Short Float at 1.57%. Institutions hold 70.32% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 69.31 million shares valued at $5.65 billion. The investor’s holdings represent 11.8633% of the OKE Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 50.86 million shares valued at $4.15 billion to account for 8.7063 of the shares outstanding. The other top investors are STATE STREET CORP which holds 39.42 million shares representing 6.7471% and valued at over $3.21 billion, while CHARLES SCHWAB INVESTMENT MANAGEMENT INC holds 2.879 of the shares totaling 16.82 million with a market value of $1.37 billion.
Oneok Inc. (OKE) Insider Activity
The most recent transaction is an insider sale by MOORE PATTYE L, the company’s Director. SEC filings show that MOORE PATTYE L sold 3,379 shares of the company’s common stock on Sep 05 ’24 at a price of $92.01 per share for a total of $0.31 million. Following the sale, the insider now owns 0.0 shares.
Still, SEC filings show that on Sep 04 ’24, Arrowood Jim L (Officer) Proposed Sale 3,684 shares at an average price of $91.59 for $0.34 million. The insider now directly holds shares of Oneok Inc. (OKE).
