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Held by 1,622 of 5,944 reporting institutions (99th percentile) — extremely crowded.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $93.22 today, the market must believe free cash flow compounds 14.6%/yr for a decade (off $2.7B normalized FCF).
The market's 14.6% is in line with its 9-yr track record.
2-stage DCF · 0.63B shares · net debt $31.5B
mean -620.3% · volatility σ 1625% · implied rate exceeded in 1/7 yrs
Central path = implied 14.6%/yr growth; shaded band = ±1σ (1625%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $33.63B 100.0% | $21.70B 100.0% | $17.68B 100.0% | $22.39B 100.0% | $16.54B 100.0% | $8.54B 100.0% | $10.16B 100.0% | $12.59B 100.0% | $12.17B 100.0% | $8.92B 100.0% |
| Cost of Revenue | $23.37B 69.5% | $13.31B 61.3% | $11.93B 67.5% | $17.91B 80.0% | $12.26B 74.1% | $5.11B 59.8% | $6.79B 66.8% | $9.42B 74.8% | $9.54B 78.3% | $6.50B 72.8% |
| Operating Income | $5.74B 17.1% | $4.99B 23.0% | $4.07B 23.0% | $2.81B 12.5% | $2.60B 15.7% | $1.36B 15.9% | $1.91B 18.8% | $1.84B 14.6% | $1.39B 11.4% | $1.30B 14.5% |
| Interest Expense | $1.78B 5.3% | $1.37B 6.3% | $866.0M 4.9% | $676.0M 3.0% | $733.0M 4.4% | $712.9M 8.3% | $491.8M 4.8% | $469.6M 3.7% | $485.7M 4.0% | $469.7M 5.3% |
| Interest & Investment Income | $33.0M 0.1% | $39.0M 0.2% | — | — | — | — | — | — | — | — |
| Other Income (Expense), net | $146.0M 0.4% | $53.0M 0.2% | $89.0M 0.5% | -$29.0M -0.1% | -$1.0M -0.0% | $24.7M 0.3% | $9.1M 0.1% | — | — | — |
| Pretax Income | $4.49B 13.4% | $4.11B 18.9% | $3.50B 19.8% | $2.25B 10.1% | $1.98B 12.0% | $802.3M 9.4% | $1.65B 16.2% | $1.52B 12.1% | $1.04B 8.5% | $958.0M 10.7% |
| Income Tax Expense | $1.03B 3.1% | $998.0M 4.6% | $838.0M 4.7% | $528.0M 2.4% | $484.0M 2.9% | $189.5M 2.2% | $372.4M 3.7% | $362.9M 2.9% | $447.3M 3.7% | $212.4M 2.4% |
| Net Income | $3.39B 10.1% | $3.04B 14.0% | $2.66B 15.0% | $1.72B 7.7% | $1.50B 9.1% | $612.8M 7.2% | $1.28B 12.6% | $1.15B 9.1% | $387.8M 3.2% | $352.0M 3.9% |
| Per Share | ||||||||||
| EPS (Basic) | $5.43 | $5.19 | $5.49 | $3.85 | $3.36 | $1.42 | $3.09 | $2.80 | $1.30 | $1.67 |
| EPS (Diluted) | $5.42 | $5.17 | $5.48 | $3.84 | $3.35 | $1.42 | $3.07 | $2.78 | $1.29 | $1.66 |
| Weighted Avg Shares (Basic) | 624.8M | 584.6M | 484.3M | 447.5M | 446.4M | 431.1M | 413.6M | 411.5M | 297.5M | 211.1M |
| Weighted Avg Shares (Diluted) | 625.9M | 586.5M | 485.4M | 448.4M | 447.4M | 431.8M | 415.4M | 414.2M | 299.8M | 212.4M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Insufficient balance-sheet detail (needs retained earnings, working capital, equity).
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash conversion lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; leverage falling year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
The dividend exceeds free cash flow (106%) — funded from the balance sheet or debt, a red flag if it persists. Last year: $2.6B dividends + $75M buybacks = $2.7B returned on $2.4B FCF.
2 consecutive years of dividend increases · 6%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 6%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $78M covers the $8M due within a year 10.1× over. Scheduled principal only (excludes interest & revolver draws). As of 2020-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Coverage is adequate but not comfortable. Effective rate ~5.6% on $31.6B of debt.
Cash of $78M is below short-term debt of $820M — relies on refinancing/operations.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Ranked against 238 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| XOM | $682.5B | 24.4× | — | 2.0× | -5.0% | — | 8.7% | 11.1% | 10.7% | — | 4,568 |
| SHEL | $544.5B | — | — | — | — | — | — | — | — | — | 1,521 |
| CVX | $391.1B | 31.9× | — | 2.1× | -6.8% | 42.8% | 6.5% | 6.6% | 6.6% | — | 4,121 |
| TTE | $200.4B | — | — | — | — | — | — | — | — | — | 951 |
| COP | $165.9B | 20.9× | — | 2.8× | 7.7% | 62.1% | 13.6% | 12.4% | 12.2% | — | 2,450 |
| PBR | $155.6B | — | — | — | — | — | — | — | — | — | 524 |
| MPC | $126.2B | 31.3× | 10.8× | 0.9× | -4.4% | 10.0% | 3.0% | 23.4% | 20.6% | 0.2× | 1,802 |
| VLO | $124.6B | 53.3× | 23.6× | 1.0× | -5.5% | 4.4% | 1.9% | 9.9% | 7.1% | 1.7× | 1,781 |
| BP | $116.9B | — | — | — | — | — | — | — | — | — | 1,220 |
| EQNR | $110.5B | — | — | — | — | — | — | — | — | — | 398 |
| PSX | $107.4B | 24.5× | — | 0.8× | -7.5% | 12.3% | 3.3% | 15.1% | 14.6% | — | 2,041 |
| WMB | $86.6B | 33.1× | 17.6× | 7.2× | 13.8% | — | 21.9% | 20.4% | 6.3% | 4.4× | 1,736 |
| EPD | $83.3B | — | 12.5× | 1.6× | -6.4% | 26.7% | 11.0% | — | — | 3.7× | 1,573 |
| EOG | $78.7B | 15.9× | 7.7× | 3.5× | -4.5% | — | 22.0% | 16.7% | 13.2% | 0.7× | 1,525 |
| SLB | $78.2B | 22.3× | — | 2.2× | -1.6% | — | 9.4% | 12.9% | 9.4% | — | 1,624 |
| ET | $72.7B | — | 9.8× | 0.8× | 3.5% | 25.8% | 5.2% | 9.0% | 3.8% | 4.8× | 1,244 |
| KMI | $68.4B | 22.4× | 14.0× | 4.0× | 12.2% | — | 18.0% | 9.8% | 4.8% | 4.5× | 1,745 |
| TRGP | $61.1B | 33.5× | 16.2× | 3.6× | 3.9% | 38.3% | 11.3% | 62.7% | 9.4% | 3.6× | 979 |
| TS | $60.4B | — | — | — | — | — | — | — | — | — | 248 |
| LNG | $58.8B | 11.1× | 7.7× | 2.9× | 27.2% | — | 26.7% | 67.3% | 17.3% | 2.2× | 1,303 |
| MPLX | $58.7B | — | — | 4.5× | 8.9% | — | 38.1% | — | — | — | 622 |
| OXY | $58.5B | 36.9× | — | 2.7× | -1.9% | — | 11.0% | 6.6% | 4.2% | — | 1,250 |
| OKE | $58.4B | 17.1× | 12.4× | 1.7× | 55.0% | 30.5% | 10.1% | 15.1% | 6.3% | 4.4× | 1,622 |
| BKR | $55.9B | — | — | 2.0× | -0.3% | — | 9.3% | 13.7% | 13.3% | — | 1,095 |
| FANG | $55.4B | 34.0× | 11.1× | 3.7× | 35.8% | — | 11.1% | 4.5% | 3.2% | 2.3× | 1,141 |
Peers = companies sharing OKE's sector (Energy) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
EOD close · as of 2026-09-17
Where each multiple sits in its own 14-yr range · 68th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Low operating leverage — profit tracks sales closely (stable, less cyclical).
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 74.8 | 66.8 | 59.8 | 74.1 | 80.0 | 67.5 | 61.3 | 69.5 |
| Operating Income | 14.6 | 18.8 | 15.9 | 15.7 | 12.5 | 23.0 | 23.0 | 17.1 |
| Income Tax | 2.9 | 3.7 | 2.2 | 2.9 | 2.4 | 4.7 | 4.6 | 3.1 |
| Net Income | 9.1 | 12.6 | 7.2 | 9.1 | 7.7 | 15.0 | 14.0 | 10.1 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on OKE: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.