Isq Global Fund Ii Gp Llc Sells 112,160 Shares of Kinetik (NYSE:KNTK) Stock

Kinetik Holdings Inc. (NYSE:KNTK) major shareholder Isq Global Fund Ii Gp Llc sold 112,160 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $53.48, for a total value of $5,998,316.80. Following the completion of the sale, the insider directly owned 1,128,894 shares in the company, valued at $60,373,251.12. This trade represents a 9.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, August 17th, Isq Global Fund Ii Gp Llc sold 135,102 shares of Kinetik stock. The stock was sold at an average price of $52.78, for a total transaction of $7,130,683.56.
• On Thursday, August 13th, Isq Global Fund Ii Gp Llc sold 113,075 shares of Kinetik stock. The shares were sold at an average price of $51.60, for a total transaction of $5,834,670.00.
• On Wednesday, August 12th, Isq Global Fund Ii Gp Llc sold 84,701 shares of Kinetik stock. The stock was sold at an average price of $51.52, for a total value of $4,363,795.52.
• On Tuesday, August 11th, Isq Global Fund Ii Gp Llc sold 147,516 shares of Kinetik stock. The stock was sold at an average price of $52.03, for a total value of $7,675,257.48.
• On Monday, August 10th, Isq Global Fund Ii Gp Llc sold 78,474 shares of Kinetik stock. The shares were sold at an average price of $50.87, for a total value of $3,991,972.38.
• 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.
• On Monday, August 3rd, Isq Global Fund Ii Gp Llc sold 2,175 shares of Kinetik stock. The shares were sold at an average price of $50.04, for a total value of $108,837.00.

Kinetik Trading Up 3.3%

Kinetik stock opened at $54.75 on Wednesday. The stock has a 50-day moving average price of $49.25 and a 200 day moving average price of $47.28. Kinetik Holdings Inc. has a 52 week low of $31.33 and a 52 week high of $54.87. The stock has a market cap of $8.89 billion, a PE ratio of 19.84, a P/E/G ratio of 1.32 and a beta of 0.56.

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, topping the consensus estimate of $0.19 by $0.45. The company had revenue of $581.44 million for the quarter, compared to analysts’ expectations of $421.48 million. Kinetik had a net margin of 26.19% and a negative return on equity of 38.96%. The firm’s revenue for the quarter was up 36.3% compared to the same quarter last year. During the same period last year, the company earned $0.33 EPS. On average, equities analysts predict that Kinetik Holdings Inc. will post 1.3 EPS for the current year.

Key Headlines Impacting Kinetik

Here are the key news stories impacting Kinetik this week:

• Positive Sentiment: Kinetik’s latest quarterly results remain a key bullish catalyst: earnings per share of $0.64 exceeded the $0.19 consensus estimate, while revenue rose 36.3% year over year to $581.44 million, well above expectations. The company’s results suggest continued operating momentum in its natural-gas infrastructure business.
• Neutral Sentiment: Analyst sentiment remains generally favorable, with Kinetik carrying a “Moderate Buy” consensus rating and several firms maintaining or raising price targets to $57. However, the average target of $52.87 is below the current trading level, implying limited consensus upside.
• Negative Sentiment: Major shareholder ISQ Global Fund II GP LLC has continued reducing its position, selling 113,075 shares on August 13 for $5.83 million, 112,160 shares on August 14 for $6.00 million, and 135,102 shares on August 17 for $7.13 million. The repeated transactions may create a supply overhang and raise concerns about near-term selling pressure, although they do not necessarily indicate deterioration in Kinetik’s operations. Kinetik major shareholder sells 112,160 shares Kinetik major shareholder sells 135,102 shares ISQ Global Fund II GP sells Kinetik shares
• Negative Sentiment: Clear Street reportedly cut its view on Kinetik, citing limited upside after the stock’s post-earnings advance. That downgrade could weigh on sentiment as investors assess whether the strong earnings performance is already reflected in the valuation. Clear Street cuts Kinetik with limited upside seen

Institutional Trading of Kinetik

Institutional investors have recently made changes to their positions in the stock. CWM LLC lifted its position in Kinetik by 89.8% in the fourth quarter. CWM LLC now owns 744 shares of the company’s stock worth $27,000 after purchasing an additional 352 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Kinetik in the 4th quarter valued at $33,000. Los Angeles Capital Management LLC acquired a new position in shares of Kinetik in the fourth quarter worth about $40,000. Huntington National Bank boosted its stake in Kinetik by 139.1% in the 4th quarter. Huntington National Bank now owns 1,222 shares of the company’s stock worth $44,000 after purchasing an additional 711 shares during the period. Finally, SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of Kinetik during the fourth quarter valued at $47,000. 21.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KNTK. Morgan Stanley reissued an “overweight” rating and set a $70.00 price target (up from $64.00) on shares of Kinetik in a research note on Tuesday. Royal Bank Of Canada reiterated an “outperform” rating and set a $57.00 target price (up from $56.00) on shares of Kinetik in a research report on Tuesday, August 11th. Truist Financial raised their price target on Kinetik from $53.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Citigroup reiterated a “buy” rating and set a $55.00 price objective (up from $52.00) on shares of Kinetik in a report on Tuesday, August 11th. Finally, Wall Street Zen raised shares of Kinetik from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Kinetik currently has an average rating of “Moderate Buy” and an average target price of $53.27.

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.