Oneok New (OKE) Shareholder Lincoln National Lowered Stake by $343,952 as Share Price Rose; Bronson Point Management Lifted Its Mcdermott Intl (MDR) Holding by $13.80 Million

June 16, 2018 - By Richard Conner

McDermott International, Inc. (NYSE:MDR) Logo

Lincoln National Corp decreased its stake in Oneok Inc New (OKE) by 55.04% based on its latest 2018Q1 regulatory filing with the SEC. Lincoln National Corp sold 6,142 shares as the company’s stock rose 14.65% while stock markets declined. The institutional investor held 5,018 shares of the public utilities company at the end of 2018Q1, valued at $285,000, down from 11,160 at the end of the previous reported quarter. Lincoln National Corp who had been investing in Oneok Inc New for a number of months, seems to be less bullish one the $27.86B market cap company. The stock decreased 2.25% or $1.56 during the last trading session, reaching $67.78. About 4.01 million shares traded or 66.69% up from the average. ONEOK, Inc. (NYSE:OKE) has risen 27.55% since June 16, 2017 and is uptrending. It has outperformed by 14.98% the S&P500. Some Historical OKE News: 04/04/2018 – IGNORE: ONEOK REPORTED EDI SERVICES SUSPENSION APRIL 3; 14/05/2018 – ONEOK to Participate in Citi Global Energy and Utilities Conference; 01/05/2018 – ONEOK MAINTAINS 2018 FINL GUIDANCE; 03/04/2018 – Oneok: No Operational Interruptions on Oneok’s Pipelines; 15/05/2018 – Capital Research Global Investors Buys 1.8% of Oneok Inc; 17/04/2018 – ONEOK INC OKE.N : SEAPORT GLOBAL STARTS WITH NEUTRAL, $60 TARGET PRICE; 19/04/2018 – ONEOK INC – INCREASED ONEOK’S QUARTERLY DIVIDEND 2.5 CENTS PER SHARE, OR 3 PERCENT COMPARED WITH ITS PRIOR DIVIDEND, TO 79.5 CENTS PER SHARE; 19/04/2018 – Oneok Raises Dividend to 79.5c; 19/04/2018 – ONEOK Increases Quarterly Dividend; 03/04/2018 – ONEOK -AS PRECAUTIONARY STEP FOR INTERSTATE NATURAL GAS PIPELINES,TEMPORARILY DISABLED SERVICE WITH ELECTRONIC DATA INTERCHANGE SERVICES PROVIDER

Larry Foley increased its stake in Mcdermott Intl Inc (MDR) by 328.57% based on its latest 2018Q1 regulatory filing with the SEC. Bronson Point Management Llc bought 2.30 million shares as the company’s stock declined 5.64% with the market. The hedge fund run by Larry Foley held 3.00M shares of the capital goods company at the end of 2018Q1, valued at $18.27 million, up from 700,000 at the end of the previous reported quarter. Bronson Point Management Llc who had been investing in Mcdermott Intl Inc for a number of months, seems to be bullish on the $3.65B market cap company. The stock decreased 2.68% or $0.56 during the last trading session, reaching $20.31. About 6.26M shares traded. McDermott International, Inc. (NYSE:MDR) has risen 15.22% since June 16, 2017 and is uptrending. It has outperformed by 2.65% the S&P500. Some Historical MDR News: 15/05/2018 – NWQ Investment Management Company Buys 2.1% of McDermott; 05/04/2018 – Hotchkis & Wiley Letter to McDermott International Regarding CB&I Merger; 02/05/2018 – SUBSEA 7 WITHDRAWS PROPOSAL TO BUY MCDERMOTT; 23/04/2018 – SUBSEA 7 HAD INFORMAL CONTACT W/ MCDERMOTT MGMT DURING PAST YRS; 15/05/2018 – Rubric Capital Management Buys New 1.5% Position in McDermott; 11/04/2018 – Fairpointe Capital: Has Voting Control of 5.9% of the Outstanding Shrs of McDermott Intl; 24/04/2018 – MCDERMOTT INTERNATIONAL – ISS REAFFIRMED RECOMMENDATION THAT MCDERMOTT STOCKHOLDERS VOTE “FOR” PROPOSALS RELATED TO COMBINATION WITH CB&I; 12/04/2018 – MCDERMOTT REAFFIRMS 2018 GUIDANCE; 25/04/2018 – MCDERMOTT INTERNATIONAL INC – “FULLY COMMITTED” TO COMPLETING COMBINATION WITH CB&I; 12/04/2018 – MCDERMOTT INTERNATIONAL INC – AS OF MARCH 31, 2018, ESTIMATES BACKLOG OF ABOUT $3.4 BLN

Analysts await ONEOK, Inc. (NYSE:OKE) to report earnings on August, 7. They expect $0.66 EPS, up 100.00% or $0.33 from last year’s $0.33 per share. OKE’s profit will be $271.31 million for 25.67 P/E if the $0.66 EPS becomes a reality. After $0.64 actual EPS reported by ONEOK, Inc. for the previous quarter, Wall Street now forecasts 3.13% EPS growth.

Lincoln National Corp, which manages about $2.72 billion US Long portfolio, upped its stake in Vanguard Index Fds (VTI) by 12,759 shares to 981,055 shares, valued at $133.15M in 2018Q1, according to the filing. It also increased its holding in Ishares Inc (EWC) by 30,218 shares in the quarter, for a total of 55,802 shares, and has risen its stake in Ishares Tr (JKG).

Investors sentiment increased to 1.35 in Q1 2018. Its up 0.17, from 1.18 in 2017Q4. It improved, as 52 investors sold OKE shares while 174 reduced holdings. 82 funds opened positions while 223 raised stakes. 297.11 million shares or 9.86% more from 270.44 million shares in 2017Q4 were reported. Howe And Rusling Incorporated holds 1.02% or 99,177 shares. Bluemountain Management Ltd holds 0.05% or 39,452 shares. Qs Investors Ltd Liability Co holds 46,838 shares or 0.03% of its portfolio. Commerzbank Aktiengesellschaft Fi invested in 15,385 shares. Fiduciary Finance Services Of The Southwest Tx holds 5,815 shares. Hilltop Hldgs has 5,877 shares. Denver Invest Advsrs Limited Liability holds 0.03% or 9,979 shares. Rhumbline Advisers stated it has 0.09% in ONEOK, Inc. (NYSE:OKE). Amica Mutual Ins, a Rhode Island-based fund reported 11,432 shares. 21,576 are held by Gofen & Glossberg Limited Liability Corp Il. Ghp Invest Inc, Colorado-based fund reported 20,606 shares. Teacher Retirement System Of Texas has invested 0.03% in ONEOK, Inc. (NYSE:OKE). New York-based Gamco Et Al has invested 0.09% in ONEOK, Inc. (NYSE:OKE). Parallax Volatility Advisers Ltd Partnership, a California-based fund reported 9,663 shares. Ontario Teachers Pension Plan Board, a Ontario – Canada-based fund reported 14,534 shares.

Among 21 analysts covering ONEOK (NYSE:OKE), 9 have Buy rating, 0 Sell and 12 Hold. Therefore 43% are positive. ONEOK had 78 analyst reports since August 11, 2015 according to SRatingsIntel. Jefferies maintained the stock with “Hold” rating in Wednesday, December 20 report. The company was maintained on Thursday, May 3 by Stifel Nicolaus. The company was downgraded on Tuesday, October 4 by Morgan Stanley. The company was maintained on Thursday, October 26 by Robert W. Baird. As per Wednesday, July 5, the company rating was downgraded by Morgan Stanley. The rating was maintained by Mizuho on Tuesday, January 23 with “Hold”. Oppenheimer upgraded the shares of OKE in report on Wednesday, December 23 to “Outperform” rating. The stock of ONEOK, Inc. (NYSE:OKE) earned “Hold” rating by Robert W. Baird on Thursday, September 14. As per Wednesday, January 20, the company rating was upgraded by Morgan Stanley. The firm has “Buy” rating given on Tuesday, March 20 by Jefferies.

Investors sentiment decreased to 1.29 in Q1 2018. Its down 0.19, from 1.48 in 2017Q4. It is negative, as 35 investors sold MDR shares while 72 reduced holdings. 50 funds opened positions while 88 raised stakes. 277.17 million shares or 4.49% more from 265.26 million shares in 2017Q4 were reported. The Vermont-based Hanson And Doremus Mgmt has invested 0.01% in McDermott International, Inc. (NYSE:MDR). Thrivent Financial For Lutherans holds 0% of its portfolio in McDermott International, Inc. (NYSE:MDR) for 191,289 shares. Point72 Asset Management Limited Partnership has 0.02% invested in McDermott International, Inc. (NYSE:MDR). 11.00 million were accumulated by Franklin Resources. 22,684 are held by Two Sigma Ltd Liability. Koch Industries owns 39,153 shares for 0.02% of their portfolio. James Inv Incorporated has 1.22M shares. Signaturefd Limited Company holds 0.01% of its portfolio in McDermott International, Inc. (NYSE:MDR) for 7,829 shares. Manufacturers Life Ins The invested in 0% or 208,360 shares. Guggenheim Limited Liability Com holds 0.01% or 463,243 shares in its portfolio. Citigroup stated it has 0% of its portfolio in McDermott International, Inc. (NYSE:MDR). Van Eck Associates Corp holds 0.15% in McDermott International, Inc. (NYSE:MDR) or 4.80M shares. Macquarie Gp Ltd accumulated 199,700 shares or 0% of the stock. The New York-based Alliancebernstein Limited Partnership has invested 0% in McDermott International, Inc. (NYSE:MDR). Quantitative Inv Mngmt Ltd Liability Company has invested 0.04% of its portfolio in McDermott International, Inc. (NYSE:MDR).

Bronson Point Management Llc, which manages about $1.86 billion and $280.76 million US Long portfolio, decreased its stake in Mondelez Intl Inc (NASDAQ:MDLZ) by 145,000 shares to 80,000 shares, valued at $3.34 million in 2018Q1, according to the filing. It also reduced its holding in Cf Inds Hldgs Inc (NYSE:CF) by 160,000 shares in the quarter, leaving it with 40,000 shares, and cut its stake in Ryder Sys Inc (NYSE:R).

ONEOK, Inc. (NYSE:OKE) Institutional Positions Chart

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