GuruFocus - On September 5, 2024, Pattye Moore, Director at ONEOK Inc (NYSE:OKE), executed a sale of 3,379 shares of the company. According to the SEC Filing, this transaction has left the insider with zero shares in the company.
ONEOK Inc (NYSE:OKE) is a midstream service provider in the United States, which owns and operates a network of natural gas gathering, processing, storage, and transportation assets. The company is primarily involved in the gathering and processing of natural gas and natural gas liquids.
Over the past year, the insider transaction history at ONEOK Inc shows a total of 1 insider buys and 2 insider sells. The recent transaction by the insider is part of a broader trend where the insider has sold a total of 3,379 shares over the past year and has not made any purchases.
On the day of the transaction, shares of ONEOK Inc were priced at $92.01, giving the company a market cap of approximately $53.76 billion. The price-earnings ratio of the stock stands at 20.32, which is above the industry median of 10.555.
The stock's valuation according to the GF Value is set at $58.97, indicating that with a current price of $92.01, ONEOK Inc is significantly overvalued with a price-to-GF-Value ratio of 1.56.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and estimated future business outcomes.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation alignment.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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