ONEOK Inc. has seen significant activity recently both in terms of stock market movements and management decisions. Empirical Asset Management LLC has invested in 19,886 shares of the company. Moreover, certain key facts suggest that ONEOK has exceeded market returns. The company's popularity amongst investors is crystal clear with an impressive 95-plus composite rating. Despite underperforming in comparison to its peers on select days, the stock has been making regular daily gains. Randy Lentz and Sheridan Swords have been given executive leadership roles, bolstering the company's leadership. Hennessy Advisors Inc. and Capital Investment Advisors LLC possess $28.94 million and $28.02 million stock positions in ONEOK respectively. ONEOK has been strengthening its position through strategic acquisitions and fee-based earnings. Recent institutional investments in the company have returned close to 92% over the past three years. Notably, ONEOK recently sold three pipeline systems to DT Midstream for $1.2 billion, significantly bolstering its financial position. It also intends to acquire the remaining publicly held common units in EnLink Midstream. Lastly, from the acquisition of midstream assets and regular fee-based earnings, ONEOK continues to rise in the market.
Oneok OKE News Analytics from Fri, 02 Aug 2024 07:00:00 GMT to Sat, 18 Jan 2025 14:00:20 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor -1
