Kinetik (NYSE:KNTK) Major Shareholder Sells $108,837.00 in Stock

Kinetik Holdings Inc. (NYSE:KNTK) major shareholder Isq Global Fund Ii Gp Llc sold 2,175 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $50.04, for a total transaction of $108,837.00. Following the completion of the transaction, the insider owned 1,926,719 shares in the company, valued at approximately $96,413,018.76. This trade represents a 0.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Isq Global Fund Ii Gp Llc also recently made the following trade(s):

• On Friday, August 7th, Isq Global Fund Ii Gp Llc sold 26,550 shares of Kinetik stock. The shares were sold at an average price of $50.24, for a total value of $1,333,872.00.
• On Thursday, August 6th, Isq Global Fund Ii Gp Llc sold 235,349 shares of Kinetik stock. The stock was sold at an average price of $50.52, for a total value of $11,889,831.48.

Kinetik Trading Down 0.2%

Shares of NYSE KNTK opened at $49.08 on Monday. The firm has a market cap of $7.97 billion, a P/E ratio of 17.78, a price-to-earnings-growth ratio of 1.94 and a beta of 0.56. The business’s 50 day moving average is $48.31 and its 200-day moving average is $46.65. Kinetik Holdings Inc. has a 1-year low of $31.33 and a 1-year high of $52.54.

Kinetik (NYSE:KNTK) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.45. The business had revenue of $581.44 million during the quarter, compared to the consensus estimate of $421.48 million. Kinetik had a negative return on equity of 38.96% and a net margin of 26.19%.The firm’s quarterly revenue was up 36.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 EPS. Analysts forecast that Kinetik Holdings Inc. will post 0.81 EPS for the current year.

Hedge Funds Weigh In On Kinetik

Several hedge funds and other institutional investors have recently made changes to their positions in KNTK. Comerica Bank boosted its position in shares of Kinetik by 91.5% during the 1st quarter. Comerica Bank now owns 1,532 shares of the company’s stock worth $80,000 after acquiring an additional 732 shares in the last quarter. AQR Capital Management LLC raised its position in Kinetik by 4.2% during the first quarter. AQR Capital Management LLC now owns 12,900 shares of the company’s stock valued at $670,000 after purchasing an additional 522 shares in the last quarter. Millennium Management LLC lifted its stake in Kinetik by 88.7% during the first quarter. Millennium Management LLC now owns 132,533 shares of the company’s stock worth $6,884,000 after purchasing an additional 62,306 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Kinetik by 27.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,532 shares of the company’s stock worth $4,131,000 after purchasing an additional 17,034 shares during the last quarter. Finally, Intech Investment Management LLC boosted its holdings in shares of Kinetik by 14.3% in the 1st quarter. Intech Investment Management LLC now owns 22,114 shares of the company’s stock valued at $1,149,000 after purchasing an additional 2,766 shares in the last quarter. 21.11% of the stock is currently owned by institutional investors and hedge funds.

Kinetik News Summary

Here are the key news stories impacting Kinetik this week:

• Positive Sentiment: Kinetik reported second-quarter earnings of $0.64 per share, far above the $0.19 analyst consensus and up from $0.33 a year earlier. Revenue rose 36.3% year over year to $581.4 million, also exceeding expectations. Kinetik Holdings Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management’s results and commentary highlighted strong NGL recoveries, downstream optimization and dividend coverage. Planned projects—including Kings Landing II, the ECCC Pipeline and expanded Gulf Coast access—could support multiyear EBITDA growth by allowing Kinetik to monetize capacity constraints in the Permian Basin. Kinetik Holdings Monetizing the Permian’s Constraints
• Neutral Sentiment: The earnings improvement strengthens Kinetik’s fundamental outlook, but one analysis argued that the stock is still not inexpensive. Shares trade near their 52-week high, with a P/E ratio around 17, potentially limiting near-term upside unless growth continues to exceed expectations. Kinetik Better Q2 Earnings, Still Not Cheap
• Negative Sentiment: Major shareholder ISQ Global Fund II GP LLC disclosed sales totaling approximately $13.3 million across August 3, 6 and 7. The transactions reduced its reported holdings, with the largest sale involving 235,349 shares. While the sales do not change Kinetik’s operations, they may create an overhang and raise short-term concerns about insider conviction. SEC Form 4 Insider Sale Filing

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Zacks Research raised shares of Kinetik from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Mizuho raised their target price on shares of Kinetik from $48.00 to $51.00 and gave the stock an “outperform” rating in a report on Tuesday, April 28th. Barclays set a $51.00 price target on Kinetik and gave the company an “equal weight” rating in a research note on Thursday. Tudor Pickering started coverage on Kinetik in a research report on Monday, July 20th. They set a “buy” rating and a $57.00 price target on the stock. Finally, Wall Street Zen upgraded Kinetik from a “strong sell” rating to a “hold” rating in a research note on Saturday. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $52.07.

About Kinetik

Kinetik (NYSE: KNTK) is a publicly listed midstream energy company focused on the development, operation and management of natural gas infrastructure across the United States. The company’s core business activities include the gathering, compression, processing, storage and transportation of natural gas, serving producers, utilities and industrial consumers. By integrating a suite of midstream services under a single platform, Kinetik aims to provide efficient, cost-effective and reliable solutions across the natural gas value chain.

The company was established in 2021 when assets were acquired from Talen Energy by a subsidiary of ArcLight Capital Partners, forming a comprehensive portfolio of pipelines, compression facilities and underground storage assets.