Kinetik Holdings Inc. $KNTK Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. trimmed its position in Kinetik Holdings Inc. (NYSE:KNTK) by 89.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,132 shares of the company’s stock after selling 222,086 shares during the period. Pacer Advisors Inc.’s holdings in Kinetik were worth $1,313,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Kinetik by 9.4% in the 4th quarter. Vanguard Group Inc. now owns 5,096,786 shares of the company’s stock worth $183,739,000 after acquiring an additional 439,586 shares during the period. Zimmer Partners LP acquired a new position in shares of Kinetik during the fourth quarter worth about $98,611,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its holdings in Kinetik by 1.7% during the first quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,874,000 shares of the company’s stock worth $90,720,000 after purchasing an additional 30,600 shares in the last quarter. Cohen & Steers Inc. raised its holdings in Kinetik by 82.5% during the fourth quarter. Cohen & Steers Inc. now owns 1,843,506 shares of the company’s stock worth $66,458,000 after purchasing an additional 833,224 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Kinetik by 22.4% in the fourth quarter. Invesco Ltd. now owns 1,775,216 shares of the company’s stock valued at $63,997,000 after purchasing an additional 325,251 shares during the period. 21.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KNTK has been the topic of several recent analyst reports. US Capital Advisors upgraded Kinetik from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, May 29th. Raymond James Financial restated an “outperform” rating and issued a $55.00 price target on shares of Kinetik in a research note on Friday. Barclays set a $51.00 price objective on Kinetik and gave the stock an “equal weight” rating in a report on Thursday. Morgan Stanley set a $64.00 target price on Kinetik and gave the company an “overweight” rating in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Kinetik from $54.00 to $57.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.07.

Insider Buying and Selling

In other Kinetik news, major shareholder Isq Global Fund Ii Gp Llc sold 26,550 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $50.24, for a total transaction of $1,333,872.00. Following the sale, the insider directly owned 1,664,820 shares in the company, valued at approximately $83,640,556.80. The trade was a 1.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 264,074 shares of company stock worth $13,332,540 in the last quarter. 3.56% of the stock is currently owned by insiders.

Kinetik News Summary

Here are the key news stories impacting Kinetik this week:

• Positive Sentiment: Kinetik reported second-quarter earnings of $0.64 per share, far above the $0.19 analyst consensus and up from $0.33 a year earlier. Revenue rose 36.3% year over year to $581.4 million, also exceeding expectations. Kinetik Holdings Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management’s results and commentary highlighted strong NGL recoveries, downstream optimization and dividend coverage. Planned projects—including Kings Landing II, the ECCC Pipeline and expanded Gulf Coast access—could support multiyear EBITDA growth by allowing Kinetik to monetize capacity constraints in the Permian Basin. Kinetik Holdings Monetizing the Permian’s Constraints
• Neutral Sentiment: The earnings improvement strengthens Kinetik’s fundamental outlook, but one analysis argued that the stock is still not inexpensive. Shares trade near their 52-week high, with a P/E ratio around 17, potentially limiting near-term upside unless growth continues to exceed expectations. Kinetik Better Q2 Earnings, Still Not Cheap
• Negative Sentiment: Major shareholder ISQ Global Fund II GP LLC disclosed sales totaling approximately $13.3 million across August 3, 6 and 7. The transactions reduced its reported holdings, with the largest sale involving 235,349 shares. While the sales do not change Kinetik’s operations, they may create an overhang and raise short-term concerns about insider conviction. SEC Form 4 Insider Sale Filing

Kinetik Trading Down 2.2%

KNTK stock opened at $49.08 on Friday. The firm has a 50 day moving average of $48.31 and a 200-day moving average of $46.59. Kinetik Holdings Inc. has a 12-month low of $31.33 and a 12-month high of $52.54. The company has a market cap of $7.97 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 1.94 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 for the quarter, topping analysts’ consensus estimates of $0.19 by $0.45. Kinetik had a negative return on equity of 37.86% and a net margin of 26.19%.The business had revenue of $581.44 million for the quarter, compared to analysts’ expectations of $421.48 million. During the same quarter in the prior year, the firm posted $0.33 EPS. The company’s revenue was up 36.3% compared to the same quarter last year. Sell-side analysts forecast that Kinetik Holdings Inc. will post 0.81 earnings per share for the current fiscal year.

Kinetik 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.