Spitfire Capital Has Upped Position in Natural Gas Services Group (NGS) by $646,688; Veritable LP Lifted Its Oneok New (OKE) Holding by $4.55 Million; Market Valuation Declined

January 22, 2018 - By Richard Conner

Julian Allen increased its stake in Natural Gas Services Group (NGS) by 6.22% based on its latest 2017Q3 regulatory filing with the SEC. Spitfire Capital Llc bought 23,096 shares as the company’s stock declined 6.57% while stock markets rallied. The hedge fund run by Julian Allen held 394,497 shares of the energy company at the end of 2017Q3, valued at $11.20M, up from 371,401 at the end of the previous reported quarter. Spitfire Capital Llc who had been investing in Natural Gas Services Group for a number of months, seems to be bullish on the $374.00M market cap company. The stock increased 0.87% or $0.25 during the last trading session, reaching $28.9. About 8,915 shares traded. Natural Gas Services Group, Inc. (NYSE:NGS) has risen 21.42% since January 22, 2017 and is uptrending. It has outperformed by 4.72% the S&P500.

Veritable Lp increased its stake in Oneok Inc New (OKE) by 995.25% based on its latest 2017Q3 regulatory filing with the SEC. Veritable Lp bought 82,765 shares as the company’s stock declined 4.12% while stock markets rallied. The institutional investor held 91,081 shares of the public utilities company at the end of 2017Q3, valued at $5.05 million, up from 8,316 at the end of the previous reported quarter. Veritable Lp who had been investing in Oneok Inc New for a number of months, seems to be bullish on the $24.42 billion market cap company. The stock increased 1.99% or $1.16 during the last trading session, reaching $59.48. About 1.75M shares traded. ONEOK, Inc. (NYSE:OKE) has risen 23.81% since January 22, 2017 and is uptrending. It has outperformed by 7.11% the S&P500.

Investors sentiment increased to 2.82 in Q3 2017. Its up 1.47, from 1.35 in 2017Q2. It is positive, as 52 investors sold OKE shares while 103 reduced holdings. 164 funds opened positions while 273 raised stakes. 264.73 million shares or 40.11% more from 188.94 million shares in 2017Q2 were reported. Cambridge Inv Research Advsr Inc owns 42,889 shares for 0.03% of their portfolio. Thompson Davis & holds 0.01% of its portfolio in ONEOK, Inc. (NYSE:OKE) for 121 shares. Missouri-based Plancorp Ltd Llc has invested 0.17% in ONEOK, Inc. (NYSE:OKE). Earnest Prns Limited Com reported 23,839 shares. Tcw Group Inc Inc invested 0.01% of its portfolio in ONEOK, Inc. (NYSE:OKE). Susquehanna International Grp Llp owns 16,259 shares. Bancorporation Of New York Mellon holds 7.72 million shares or 0.12% of its portfolio. Spark Inv Ltd Liability Company invested 0.28% of its portfolio in ONEOK, Inc. (NYSE:OKE). Focused Wealth Mngmt, New York-based fund reported 2,272 shares. Putnam Fl Inv invested in 0.26% or 49,535 shares. Saratoga Mngmt stated it has 0.13% in ONEOK, Inc. (NYSE:OKE). Pension stated it has 0.07% of its portfolio in ONEOK, Inc. (NYSE:OKE). Ibm Retirement Fund holds 0.1% or 9,310 shares. 799,700 were accumulated by Mitsubishi Ufj And Corp. Wright Serv invested 0.29% in ONEOK, Inc. (NYSE:OKE).

Veritable Lp, which manages about $12.94B and $4.75B US Long portfolio, decreased its stake in Biogen Inc (NASDAQ:BIIB) by 2,853 shares to 7,362 shares, valued at $2.31 million in 2017Q3, according to the filing. It also reduced its holding in Ishares Tr (IWB) by 38,165 shares in the quarter, leaving it with 1.04 million shares, and cut its stake in Mcdonalds Corp (NYSE:MCD).

Among 19 analysts covering ONEOK (NYSE:OKE), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 42% are positive. ONEOK had 65 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has “Hold” rating by Robert W. Baird given on Thursday, September 14. The stock has “Outperform” rating by Oppenheimer on Tuesday, August 11. Morgan Stanley downgraded the shares of OKE in report on Tuesday, October 4 to “Equal-Weight” rating. The stock has “Hold” rating by Deutsche Bank on Monday, October 10. BMO Capital Markets maintained ONEOK, Inc. (NYSE:OKE) rating on Tuesday, August 15. BMO Capital Markets has “Buy” rating and $59.0 target. The rating was maintained by Stifel Nicolaus with “Hold” on Monday, August 14. The company was initiated on Monday, September 14 by Credit Suisse. The company was maintained on Sunday, October 1 by RBC Capital Markets. The company was upgraded on Thursday, January 4 by U.S. Capital Advisors. On Tuesday, April 19 the stock rating was maintained by Citigroup with “Buy”.

Since September 26, 2017, it had 0 buys, and 5 sales for $1.20 million activity. $408,056 worth of Natural Gas Services Group, Inc. (NYSE:NGS) was sold by Taylor Stephen Charles. Lawrence G Larry also sold $151,380 worth of Natural Gas Services Group, Inc. (NYSE:NGS) on Tuesday, December 19.

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