Isq Global Fund Ii Gp Llc Sells 135,102 Shares of Kinetik (NYSE:KNTK) Stock

Kinetik Holdings Inc. (NYSE:KNTK) major shareholder Isq Global Fund Ii Gp Llc sold 135,102 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $52.78, for a total value of $7,130,683.56. Following the completion of the transaction, the insider owned 993,792 shares in the company, valued at approximately $52,452,341.76. The trade was a 11.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 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 Friday, August 14th, Isq Global Fund Ii Gp Llc sold 112,160 shares of Kinetik stock. The stock was sold at an average price of $53.48, for a total transaction of $5,998,316.80.
• On Thursday, August 13th, Isq Global Fund Ii Gp Llc sold 113,075 shares of Kinetik stock. The stock was sold at an average price of $51.60, for a total value 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 transaction 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 transaction of $7,675,257.48.
• On Monday, August 10th, Isq Global Fund Ii Gp Llc sold 78,474 shares of Kinetik stock. The stock was 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 shares were sold at an average price of $50.52, for a total transaction of $11,889,831.48.
• On Monday, August 3rd, Isq Global Fund Ii Gp Llc sold 2,175 shares of Kinetik stock. The stock was sold at an average price of $50.04, for a total transaction of $108,837.00.

Kinetik Trading Up 3.3%

Shares of NYSE:KNTK opened at $54.75 on Wednesday. The company has a 50 day moving average of $49.25 and a 200-day moving average of $47.28. The firm has a market cap of $8.89 billion, a P/E ratio of 19.84, a P/E/G ratio of 1.32 and a beta of 0.56. Kinetik Holdings Inc. has a twelve month low of $31.33 and a twelve month high of $54.87.

Kinetik (NYSE:KNTK) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.45. Kinetik had a negative return on equity of 38.96% and a net margin of 26.19%.The company had revenue of $581.44 million for the quarter, compared to the consensus estimate of $421.48 million. During the same period in the previous year, the business earned $0.33 earnings per share. The company’s quarterly revenue was up 36.3% on a year-over-year basis. Equities research analysts forecast that Kinetik Holdings Inc. will post 1.3 EPS for the current year.

Hedge Funds Weigh In On Kinetik

Institutional investors have recently modified their holdings of the stock. Miller Howard Investments Inc. NY lifted its stake in Kinetik by 69.4% during the 1st quarter. Miller Howard Investments Inc. NY now owns 146,317 shares of the company’s stock worth $7,083,000 after acquiring an additional 59,942 shares in the last quarter. Vanguard Group Inc. raised 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 purchasing an additional 439,586 shares during the last quarter. Infrastructure Capital Advisors LLC acquired a new stake in shares of Kinetik in the 4th quarter valued at approximately $9,323,000. HighTower Advisors LLC grew its holdings in Kinetik by 33.1% in the fourth quarter. HighTower Advisors LLC now owns 102,906 shares of the company’s stock valued at $3,710,000 after purchasing an additional 25,574 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in Kinetik by 33.0% in the 4th quarter. Jennison Associates LLC now owns 270,126 shares of the company’s stock valued at $9,738,000 after purchasing an additional 66,992 shares during the last quarter. Hedge funds and other institutional investors own 21.11% of the company’s stock.

Kinetik News Summary

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on KNTK. Truist Financial upped their price objective on shares of Kinetik from $53.00 to $59.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Wall Street Zen upgraded shares of Kinetik from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 8th. Zacks Research upgraded Kinetik from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Mizuho boosted their price target on Kinetik from $48.00 to $51.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Finally, Raymond James Financial reissued an “outperform” rating and set a $55.00 price objective on shares of Kinetik in a research report on Friday, August 7th. 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 company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.