First Eagle Investment Management Adds $28M in ONEOK, Inc. ($OKE)
Key Points
- First Eagle Investment Management changed its ONEOK, Inc. ($OKE) stake by 2.8% last quarter, boosting to 11,679,175 shares worth $1.04 billion.
- Wall Street's consensus rating on $OKE is Buy and an average price target of $95.48.
- $OKE last traded around $88.98.
First Eagle Investment Management increased its position in ONEOK, Inc. ($OKE) by 2.8% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,679,175 shares of ONEOK, Inc. after buying 313,871 shares during the quarter. First Eagle Investment Management's holdings in ONEOK, Inc. were worth $1.04 billion as of its most recent filing.
ONEOK, Inc. ($OKE) Stock
ONEOK, Inc. Earnings
ONEOK, Inc. Dividend
Analysts Set New Price Targets
About ONEOK, Inc.
ONEOK, Inc. operates as a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services in the United States. It operates in four segments: Natural Gas Gathering and Processing; Natural Gas Liquids; Natural Gas Pipelines; and Refined Products and Crude. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent, Permian Basin, North Texas, Gulf Coast region, and Rocky Mountain regions; and provides midstream services to producers of NGLs. It also owns NGL gathering and distribution pipelines, fractionation, terminal and storage facilities; and transports refined products, including gasoline, diesel fuel, aviation fuel, kerosene, and heating oil. In addition, the company transports and stores natural gas through regulated interstate and intrastate natural gas transmission pipelines, and natural gas storage facilities; it owns and operates a parking garage in downtown Tulsa, Oklahoma; and leases buildings, warehouses, office space, land, and equipment, including pipeline equipment, pipeline capacity, rail cars, and information technology equipment. Further, the company transports, stores, and distributes refined products, purity NGLs, and crude oil, as well as conducts commodity-related activities, including liquids blending and marketing activities. It serves integrated and independent exploration and production companies; other NGL and natural gas gathering and processing companies; crude oil and natural gas production companies; utilities; industrial companies; natural gasoline distributors; propane distributors; municipalities; ethanol producers; petrochemical, refining, and marketing companies; and diluent users, refineries, and exporters. ONEOK, Inc. was founded in 1906 and is headquartered in Tulsa, Oklahoma.
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