$OKE.US ranked positive on June 29th, 2023

Smart Insider $OKE.US ranked positive on June 29th, 2023

$OKE.US ranked positive on June 29th, 2023

Oneok Inc (OKE, +1, June 29th)

Brian Derksen¬†(Non-Executive since 2015) purchased $292,000 of stock on the 28th June¬†at $59.59, increasing his stake by 36%. He has timed his buys well, most notable making his largest previous buy at $22.70 in March 2020 and it’s very notable that he is now making his largest buy and paying a price more than 150% higher. He was previously Global Deputy Chief Executive Officer of Deloitte Touche Tohmatsu.¬†

The purchase shows confidence in the recently proposed $14B acquisition of Magellan Midstream Partners (MMP).

We are ranking the stock +1.

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