Kinetik (NYSE:KNTK) Insider Trevor Howard Sells 1,619 Shares of Stock

Kinetik Holdings Inc. (NYSE:KNTK) insider Trevor Howard sold 1,619 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $46.92, for a total value of $75,963.48. Following the transaction, the insider owned 249,795 shares of the company’s stock, valued at $11,720,381.40. This trade represents a 0.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Kinetik Trading Down 0.3%

Shares of KNTK stock traded down $0.16 on Friday, reaching $45.57. 974,173 shares of the company’s stock were exchanged, compared to its average volume of 1,806,309. The company’s fifty day simple moving average is $40.62 and its 200 day simple moving average is $39.07. Kinetik Holdings Inc. has a 52 week low of $31.33 and a 52 week high of $54.94. The stock has a market capitalization of $7.36 billion, a PE ratio of 17.73, a P/E/G ratio of 1.12 and a beta of 0.70.

Kinetik (NYSE:KNTK) last announced its quarterly earnings data on Thursday, February 26th. The company reported $2.16 EPS for the quarter, beating the consensus estimate of $0.15 by $2.01. Kinetik had a negative return on equity of 32.70% and a net margin of 29.23%.The company had revenue of $430.42 million for the quarter. During the same period last year, the company earned $0.01 EPS. The business’s revenue was up 11.5% compared to the same quarter last year.

Kinetik News Summary

Here are the key news stories impacting Kinetik this week:

• Positive Sentiment: Big earnings beat and upbeat outlook — Kinetik reported a large Q (Feb) EPS beat and revenue growth, and Citi lifted its target following the results, supporting upside expectations. Citi Lifts Kinetik Holdings (KNTK) Target Following Earnings Beat and Positive Outlook
• Positive Sentiment: Scotiabank raised its price target to $49 and assigned a “sector outperform” rating, implying further upside from current levels. Benzinga
• Positive Sentiment: Additional analyst target lift — American Banking News / other outlets reported a higher $51 price target, adding to upgrade momentum from brokers. Kinetik (NYSE:KNTK) Price Target Raised to $51.00
• Neutral Sentiment: Barclays nudged its target up to $43 but kept an “equal weight” rating, signaling limited conviction — this is less bullish relative to other banks and implies potential sideways pressure. Benzinga
• Negative Sentiment: Insider selling: three executives (Matthew Wall, Steven Stellato and Trevor Howard) sold small stakes (each ~0.5–0.7% reductions) at ~ $46.92 per share on Mar 4 — the volumes and % changes are modest but can weigh on near-term sentiment. Insider Form 4 (Matthew Wall)

Analysts Set New Price Targets

A number of research firms have recently issued reports on KNTK. Scotiabank increased their price objective on shares of Kinetik from $48.00 to $49.00 and gave the company a “sector outperform” rating in a research note on Thursday. Raymond James Financial set a $46.00 target price on Kinetik in a report on Monday, January 5th. Zacks Research downgraded shares of Kinetik from a “hold” rating to a “strong sell” rating in a report on Monday, January 5th. Barclays upped their price target on Kinetik from $40.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Kinetik in a research note on Thursday, January 22nd. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $45.55.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in KNTK. Vanguard Group Inc. lifted its stake in shares of Kinetik by 9.4% during the fourth quarter. Vanguard Group Inc. now owns 5,096,786 shares of the company’s stock worth $183,739,000 after buying an additional 439,586 shares during the period. Zimmer Partners LP acquired a new position in shares of Kinetik in the 4th quarter valued at $98,611,000. Cohen & Steers Inc. raised its stake in Kinetik by 82.5% in the 4th quarter. Cohen & Steers Inc. now owns 1,843,506 shares of the company’s stock worth $66,458,000 after acquiring an additional 833,224 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its position in Kinetik by 86.5% during the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,843,400 shares of the company’s stock worth $66,455,000 after acquiring an additional 855,000 shares during the period. Finally, Invesco Ltd. lifted its position in Kinetik by 22.4% during the 4th quarter. Invesco Ltd. now owns 1,775,216 shares of the company’s stock worth $63,997,000 after acquiring an additional 325,251 shares during the period. Hedge funds and other institutional investors own 21.11% of the company’s stock.

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.