ONEOK stock is trading -6.89% below its average target price of $75.67 after dropping -1.1% during today's morning session. Analysts are giving the large-cap Oil & Gas Drilling company an average rating of buy and target prices ranging from $65.0 to $85.0 per share.
ONEOK's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.3%. The stock's short ratio is 2.49. The company's insiders own 0.34% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 68.0%. In conclusion, we believe there is mixed market sentiment regarding ONEOK.
Institutions Invested in ONEOK
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 10% | 59,237,038 | $4,173,545,620 |
| 2023-09-30 | Blackrock Inc. | 9% | 50,960,296 | $3,590,407,747 |
| 2023-09-30 | State Street Corporation | 7% | 38,788,310 | $2,732,830,452 |
| 2023-09-30 | Deutsche Bank Aktiengesellschaft | 2% | 13,292,341 | $936,511,909 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 11,946,202 | $841,669,683 |
| 2023-09-30 | Charles Schwab Investment Management, Inc. | 2% | 10,255,430 | $722,546,339 |
| 2023-09-30 | Morgan Stanley | 1% | 8,660,013 | $610,141,231 |
| 2023-09-30 | Invesco Ltd. | 1% | 8,132,301 | $572,961,281 |
| 2023-09-30 | Tortoise Capital Advisors, LLC | 1% | 6,859,950 | $483,317,789 |
| 2023-09-30 | Goldman Sachs Group Inc | 1% | 5,961,476 | $420,015,802 |
