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How to Buy Oneok Stock [2024] | Step-by-Step

How to Buy Oneok Stock [2024] | Step-by-Step
Bogdan Stojkov

Summary: Oneok (NYSE: OKE) is a major player in the energy sector, particularly as a midstream service provider. The most convenient way to buy Oneok stock is by registering an account with an online brokerage platform like eToro.

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  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

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  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

About Oneok

Oneok homepage. Source: oneok.com

Oneok is a leading midstream service provider in the United States. The company operates in the natural gas and natural gas liquids (NGL) industry, providing gathering, processing, storage, and transportation services. With a focus on key energy-producing regions, such as the Permian Basin, Williston Basin, and the Mid-Continent region, Oneok plays a vital role in the country’s energy infrastructure.


If you’re looking for other pipeline stocks, you can check out our guides on:

Oneok IPO

An initial public offering (IPO) marks the first time a company’s stock becomes available for public purchase.

Oneok went public in 1979, offering shares to investors for the first time through an IPO. Since then, the company has grown steadily, expanding its operations and increasing its market value. It’s currently listed on the New York Stock Exchange (NYSE), where it trades under the stock symbol OKE.

How to buy Oneok stock: Step-by-step

To buy Oneok stock, you can follow our step-by-step guide in the section below for a smooth trading experience.

Step 1: Choose the right broker

The first step in buying Oneok stock is to choose a brokerage platform where you can execute your trades. There are many options available, ranging from traditional brokerage firms to online platforms. Nevertheless, you should look for a broker that offers competitive trading fees, a user-friendly interface, and access to the stock exchanges where Oneok is listed, such as the NYSE.

That said, our go-to online broker for buying Oneok stock is eToro, a popular platform with more than 30 million registered accounts worldwide that offers a myriad of useful investing features, some of which include:

  • Commission-free stock trading;
  • Access to over 2,000 stocks from 17 different exchanges;
  • The option to purchase fractional shares;
  • Charting tools;
  • A user-friendly platform that simplifies the trading experience. 

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Step 2: Fund your account

Once you’ve selected a broker, the next step will be to fund your account. Luckily, most brokerage platforms allow you to deposit funds via bank transfer, credit card, or other payment methods. So, determine how much you want to invest in Oneok stock and transfer the necessary funds to your brokerage account.

Step 3: Place your order

With your brokerage account funded, you’ll be able to place your order for Oneok stock. To do so, search for the stock symbol OKE on your broker’s platform and enter the number of shares you wish to purchase. Note that you can choose to place a market order, which will execute at the current market price, or a limit order, where you specify the maximum price you’re willing to pay.

Oneok stock price today

Is Oneok stock a buy, sell, or hold?

To better understand whether to buy, sell, or hold Oneok stock, feel free to check out this technical analysis widget from TradingView. It shows a dynamic overview of OKE stock, using diverse technical indicators like moving averages and oscillators to provide a real-time snapshot of its present trends and potential future trajectory.

Disclaimer: TradingView does not recommend trading financial instruments based exclusively on the advice of the Technical Rating indicator. These recommendations cannot predict future movements and are meant as assistance for spotting potentially favorable buy/sell conditions if this is consistent with their strategy.

Beyond technical analysis, investors should investigate the companies’ fundamentals to gauge the stock’s potential as a buy. This includes examining financial health indicators such as earnings growth, debt levels, revenue stability, and profit margins.

Pros and cons of buying Oneok stock

Pros

Pros

  • Strong presence in key energy-producing regions;
  • Diversified operations across the natural gas and NGL value chain;
  • Stable dividend payments, providing income for investors;
  • Potential for capital appreciation as the energy sector evolves.
Cons

Cons

  • Vulnerability to fluctuations in commodity prices;
  • Regulatory and environmental risks associated with the energy industry;
  • Dependence on economic conditions and energy demand;
  • Competition from other midstream companies in the market.

For other pipeline stocks that pay dividends, check out our guide right here.

Common mistakes when buying stocks

Not doing enough research is one of the most common investing mistakes you can make. Namely, investing in stocks requires thorough research and understanding of the company’s fundamentals, industry trends, and market conditions.

Unfortunately, avoiding research isn’t the only pitfall. You should also be wary of:

  • Overlooking risks: It’s essential to consider the risks associated with investing in a particular stock, such as market volatility, industry competition, and regulatory changes;
  • Failing to diversify: Putting all your money into a single stock, like Oneok, exposes you to the risk of significant losses if the company underperforms;
  • Emotional trading: Making investment decisions based on emotions, rather than logic and analysis, can lead to poor outcomes in the long run.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy Oneok stock

Can I buy Oneok stock directly from the company?

No, Oneok stock can only be purchased through a brokerage account like eToro.

What is Oneok’s stock symbol?

Oneok is listed on the New York Stock Exchange (NYSE) where it trades under the stock symbol OKE.

How often does OKE pay dividends?

Yes, Oneok pays dividends to its shareholders every quarter.

What factors can affect the price of Oneok stock?

Several factors can influence the price of Oneok stock, including energy prices, supply and demand dynamics, regulatory changes, and macroeconomic trends.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

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