Kinetik (NYSE:KNTK) Insider Steven Stellato Sells 2,907 Shares

Kinetik Holdings Inc. (NYSE:KNTK) insider Steven Stellato sold 2,907 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $46.92, for a total transaction of $136,396.44. Following the transaction, the insider owned 393,382 shares of the company’s stock, valued at approximately $18,457,483.44. This represents a 0.73% 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 Stock Performance

Shares of KNTK stock traded down $0.16 during trading hours on Friday, hitting $45.57. The company had a trading volume of 974,173 shares, compared to its average volume of 1,806,309. Kinetik Holdings Inc. has a 12 month low of $31.33 and a 12 month high of $54.94. The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 1.12 and a beta of 0.70. The firm’s fifty day moving average is $40.62 and its 200 day moving average is $39.07.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in KNTK. ProShare Advisors LLC grew its holdings in Kinetik by 3.5% during the 4th quarter. ProShare Advisors LLC now owns 8,633 shares of the company’s stock worth $311,000 after acquiring an additional 294 shares during the last quarter. Maryland State Retirement & Pension System raised its stake in shares of Kinetik by 5.4% in the fourth quarter. Maryland State Retirement & Pension System now owns 6,612 shares of the company’s stock worth $238,000 after acquiring an additional 337 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of Kinetik by 0.4% in the second quarter. Federated Hermes Inc. now owns 89,133 shares of the company’s stock worth $3,926,000 after acquiring an additional 346 shares during the last quarter. CWM LLC lifted its position in shares of Kinetik by 89.8% during the fourth quarter. CWM LLC now owns 744 shares of the company’s stock worth $27,000 after purchasing an additional 352 shares in the last quarter. Finally, SL Advisors LLC lifted its position in shares of Kinetik by 1.7% during the third quarter. SL Advisors LLC now owns 22,306 shares of the company’s stock worth $953,000 after purchasing an additional 379 shares in the last quarter. Institutional investors and hedge funds own 21.11% of the company’s stock.

Kinetik News Roundup

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

Several brokerages have recently commented on KNTK. Royal Bank Of Canada reduced their target price on shares of Kinetik from $52.00 to $46.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th. Wall Street Zen raised shares of Kinetik from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Wolfe Research lowered shares of Kinetik from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 27th. Citigroup upped their price objective on shares of Kinetik from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, Zacks Research lowered shares of Kinetik from a “hold” rating to a “strong sell” rating in a report on Monday, January 5th. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $45.55.

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.