ONEOK has recently made significant strides in portfolio expansion, highlighted by its full acquisition of Delaware Basin JV for $940M. This strategic move provides ONEOK with complete control of Delaware Basin operations. Share buying activities are also on the upswing with numerous entities increasing their holdings in ONEOK, including Unigestion Holding SA, RFG Advisory LLC, and Czech National Bank. However, Scotiabank and Barclays have lowered ONEOK's price target amidst generally pessimistic projections. Despite this, ONEOK continues to maintain its robust financial performance, affirming its 2025 financial guidance and showcasing strong quarterly earnings. Additionally, it announced a joint venture with MPLX to construct an LPG export terminal, highlighting its commitment to strategic initiatives. There are mixed sentiments regarding ONEOK's stocks, with some entities trimming their holdings whilst others are taking new positions. Nonetheless, Jim Cramer expresses bullish sentiments, recommending the pipeline operator as a solid investment. ONEOK has also declared its quarterly dividend and scheduled its Q1 2025 conference call to further address its performance and outlook.
Oneok OKE News Analytics from Mon, 05 Aug 2024 07:00:00 GMT to Sat, 07 Jun 2025 19:00:46 GMT -
Innovation 6
- Information -2
- Rumor -4
