Matthew Wall Sells 3,222 Shares of Kinetik (NYSE:KNTK) Stock

Kinetik Holdings Inc. (NYSE:KNTK) insider Matthew Wall sold 3,222 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $46.92, for a total value of $151,176.24. Following the completion of the transaction, the insider directly owned 585,556 shares of the company’s stock, valued at approximately $27,474,287.52. This trade represents a 0.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Matthew Wall also recently made the following trade(s):

• On Friday, January 2nd, Matthew Wall sold 8,083 shares of Kinetik stock. The stock was sold at an average price of $36.05, for a total transaction of $291,392.15.

Kinetik Stock Down 0.3%

KNTK stock opened at $45.57 on Friday. The company’s 50-day moving average price is $40.62 and its two-hundred day moving average price is $39.06. The firm has a market cap of $7.36 billion, a P/E ratio of 17.73, a P/E/G ratio of 1.11 and a beta of 0.70. Kinetik Holdings Inc. has a 12 month low of $31.33 and a 12 month high of $54.94.

Kinetik (NYSE:KNTK) last issued its quarterly earnings results on Thursday, February 26th. The company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $2.01. The company 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%. The business’s revenue was up 11.5% on a year-over-year basis. During the same period last year, the company posted $0.01 EPS.

Hedge Funds Weigh In On Kinetik

Institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC boosted its stake in shares of Kinetik by 89.8% during the fourth quarter. CWM LLC now owns 744 shares of the company’s stock valued at $27,000 after purchasing an additional 352 shares in the last quarter. Signaturefd LLC increased its stake in shares of Kinetik by 101.5% in the fourth quarter. Signaturefd LLC now owns 802 shares of the company’s stock valued at $29,000 after buying an additional 404 shares during the period. Kestra Advisory Services LLC bought a new position in Kinetik in the 4th quarter valued at approximately $33,000. Los Angeles Capital Management LLC acquired a new stake in Kinetik during the 4th quarter worth approximately $40,000. Finally, Huntington National Bank boosted its position in Kinetik by 139.1% during the 4th quarter. Huntington National Bank now owns 1,222 shares of the company’s stock worth $44,000 after buying an additional 711 shares during the period. Institutional investors and hedge funds own 21.11% of the company’s stock.

Trending Headlines about 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)

Analyst Upgrades and Downgrades

Several analysts recently weighed in on KNTK shares. Scotiabank upped their price objective on Kinetik from $48.00 to $49.00 and gave the stock a “sector outperform” rating in a research report on Thursday. Royal Bank Of Canada decreased their target price on Kinetik from $52.00 to $46.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. Wells Fargo & Company boosted their target price on Kinetik from $40.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Friday, February 27th. Zacks Research cut shares of Kinetik from a “hold” rating to a “strong sell” rating in a report on Monday, January 5th. Finally, Wolfe Research downgraded shares of Kinetik from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 27th. Six investment 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. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $45.55.

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.