ONEOK Gains as Investors Revisit Raised Guidance and New Investor Update

ONEOK (OKE) is up 3.4% today. Here is some analysis on what might have caused this price movement. ([ir.oneok.com](https://ir.oneok.com/~/media/Files/O/ONEOK-IR-V3/financial-reports/2026/08-26-investor-update.pdf))

Analysis: The most likely driver appears to be a combination of a fresh investor update released on August 26, 2026 and continued follow-through from the company’s stronger second-quarter results and higher 2026 guidance announced earlier this month. This could also be because investors are focusing on near-term third-quarter tailwinds in refined products volumes, tariff adjustments, and contributions from recently completed projects. ([ir.oneok.com](https://ir.oneok.com/~/media/Files/O/ONEOK-IR-V3/financial-reports/2026/08-26-investor-update.pdf))

Details:

In its August 26 investor presentation, the company highlighted seasonal third-quarter benefits such as stronger summer refined-products demand, July tariff adjustments, and contributions from the completed Denver refined-products expansion project. ([ir.oneok.com](https://ir.oneok.com/~/media/Files/O/ONEOK-IR-V3/financial-reports/2026/08-26-investor-update.pdf))

On August 3, the company reported second-quarter net income up 13% and adjusted EBITDA up 7%, while also increasing its 2026 net income, EPS, and adjusted EBITDA outlook. ([ir.oneok.com](https://ir.oneok.com/news-and-events/press-releases/2026/08-03-2026-211637100))

The earnings release pointed to record NGL volumes, higher natural-gas processing volumes, stronger refined-products volumes, and better optimization and marketing activity across the system. ([ir.oneok.com](https://ir.oneok.com/news-and-events/press-releases/2026/08-03-2026-211637100))

Analyst sentiment also improved recently, with a mid-August price-target increase from Morgan Stanley, which may have supported the stock’s momentum after the company refreshed its investor materials. ([benzinga.com](https://www.benzinga.com/quote/OKE/price-targets))

Sources:

ONEOK Investor Relations, SEC, Benzinga

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$OKE Hedge Fund Activity

We have seen 821 institutional investors add shares of $OKE stock to their portfolio, and 732 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 20,373,418 shares (+inf%) to their portfolio in Q2 2026, for an estimated $1,771,264,960
BLACKROCK, INC. added 5,148,768 shares (+8.7%) to their portfolio in Q2 2026, for an estimated $447,633,889
JPMORGAN CHASE & CO added 5,117,692 shares (+inf%) to their portfolio in Q2 2026, for an estimated $444,932,142
CAPITAL INTERNATIONAL INVESTORS added 4,087,240 shares (+31.2%) to their portfolio in Q2 2026, for an estimated $355,344,645
BLACKSTONE INC. removed 3,155,857 shares (-89.6%) from their portfolio in Q2 2026, for an estimated $274,370,207
ONTARIO TEACHERS PENSION PLAN BOARD added 2,354,175 shares (+inf%) to their portfolio in Q2 2026, for an estimated $204,671,974
DANSKE BANK A/S removed 2,210,772 shares (-97.2%) from their portfolio in Q2 2026, for an estimated $192,204,517

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$OKE Price Targets

Multiple analysts have issued price targets for $OKE recently. We have seen 10 analysts offer price targets for $OKE in the last 6 months, with a median target of $92.5.

Here are some recent targets:

Theresa Chen from Barclays set a target price of $88.0 on 07/08/2026
Jeremy Tonet from JP Morgan set a target price of $92.0 on 05/08/2026
Spiro Dounis from Citigroup set a target price of $97.0 on 05/07/2026
Gabe Daoud from Truist Securities set a target price of $93.0 on 05/04/2026
Michael Blum from Wells Fargo set a target price of $98.0 on 04/30/2026
Brandon Bingham from Scotiabank set a target price of $89.0 on 04/30/2026
Jason Gabelman from TD Cowen set a target price of $85.0 on 04/30/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.