ONEOK Earnings Preview: Insider Trading and Hedge Fund Moves

Earnings report for ONEOK is approaching, with analysts projecting revenue of $6.8 billion and EPS of $1.53. Insider trading shows net selling while hedge funds are diversifying their portfolios, affecting investor sentiment.

Date: 23-02-2025

AI Rating: 6

Earnings Per Share (EPS)
Analysts are expecting EPS of $1.53 for ONEOK in its upcoming quarterly earnings report. This figure plays a crucial role in assessing the company's profit relative to shares outstanding, giving investors insight into its financial health.

Revenue Growth
Revenue is projected at $6,799,839,473, indicating a substantial amount that could suggest healthy growth or stability in sales performance, but analysis on year-over-year growth is not provided.

Insider Trading Activity
ONEOK experienced insider trading, with a recorded sale of 3,379 shares by an insider, suggesting potential concerns in management confidence about future stock performance. This may lead to investor apprehension, especially since there were no purchases by insiders reported in the last six months.

Hedge Fund Activity
There has been significant hedge fund activity with 723 institutional investors purchasing shares versus 649 decreasing their positions. Notably, Wellington Management Group showed a substantial increase in its shares by 433.4%, indicating strong institutional interest and confidence, which can have a positive influence on stock price. However, the decrease in positions by others might reflect caution among some investors.

In conclusion, the upcoming quarterly earnings report, insider trading, and varied hedge fund activity present a mixed outlook for ONEOK's stock price. The anticipated earnings and revenue figures are positive indicators, yet the insider selling could act as a drag on sentiment. Overall, these factors could lead to a cautious approach among investors, particularly in response to the insider trading activity.

Stocks: OKE