Insider Selling: Kinetik (NYSE:KNTK) Insider Sells $75,963.48 in Stock

Kinetik Holdings Inc. (NYSE:KNTK) insider Trevor Howard sold 1,619 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $46.92, for a total transaction of $75,963.48. Following the completion of the sale, the insider owned 249,795 shares in the company, valued at approximately $11,720,381.40. This trade represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Kinetik Stock Down 0.3%

Shares of NYSE KNTK opened at $45.57 on Monday. Kinetik Holdings Inc. has a twelve month low of $31.33 and a twelve month high of $54.94. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of 17.73, a P/E/G ratio of 1.11 and a beta of 0.70. The company’s fifty day moving average is $40.62 and its 200-day moving average is $39.06.

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

Analyst Ratings Changes

A number of research firms have recently commented on KNTK. Jefferies Financial Group lowered Kinetik from a “buy” rating to a “hold” rating and set a $43.00 price target on the stock. in a research report on Friday, February 6th. The Goldman Sachs Group decreased their price objective on Kinetik from $46.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, November 17th. Royal Bank Of Canada dropped their target price on shares of Kinetik from $52.00 to $46.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Wall Street Zen lowered shares of Kinetik from a “hold” rating to a “sell” rating in a research note on Sunday. Finally, Raymond James Financial set a $46.00 price target on shares of Kinetik in a report on Monday, January 5th. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $45.55.

Key Stories Impacting Kinetik

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)

Institutional Trading of Kinetik

Institutional investors have recently modified their holdings of the company. ProShare Advisors LLC boosted its position in shares of Kinetik by 3.5% during the fourth quarter. ProShare Advisors LLC now owns 8,633 shares of the company’s stock worth $311,000 after buying an additional 294 shares during the period. Maryland State Retirement & Pension System grew its holdings in shares of Kinetik by 5.4% during the fourth quarter. Maryland State Retirement & Pension System now owns 6,612 shares of the company’s stock worth $238,000 after buying an additional 337 shares in the last quarter. Federated Hermes Inc. raised its position in Kinetik by 0.4% in the 2nd quarter. Federated Hermes Inc. now owns 89,133 shares of the company’s stock valued at $3,926,000 after buying an additional 346 shares during the last quarter. CWM LLC raised its position in Kinetik by 89.8% in the 4th quarter. CWM LLC now owns 744 shares of the company’s stock valued at $27,000 after buying an additional 352 shares during the last quarter. Finally, SL Advisors LLC lifted its stake in Kinetik by 1.7% in the 3rd quarter. SL Advisors LLC now owns 22,306 shares of the company’s stock valued at $953,000 after acquiring an additional 379 shares in the last quarter. 21.11% of the stock is currently owned by institutional investors.

Kinetik Company Profile

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.