Kinetik (NYSE:KNTK) Stock: Insider Isq Global Fund Ii Gp Llc Sells 24,194 Shares

Kinetik Holdings Inc. (NYSE:KNTK – Get Free Report) major shareholder Isq Global Fund Ii Gp Llc sold 24,194 shares of the firm’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $53.55, for a total value of $1,295,588.70.

Following the completion of the sale, the insider directly owned 384,142 shares in the company, valued at $20,570,804.10. The trade was a 5.93% decrease in their ownership of the stock.

The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

On Tuesday, September 22nd, Isq Global Fund Ii Gp Llc sold 39,937 shares of Kinetik stock. The shares were sold at an average price of $53.72, for a total value of $2,145,415.64.

On Monday, September 21st, Isq Global Fund Ii Gp Llc sold 21,511 shares of Kinetik stock. The shares were sold at an average price of $53.59, for a total value of $1,152,774.49.

On Friday, September 18th, Isq Global Fund Ii Gp Llc sold 135,084 shares of Kinetik stock. The stock was sold at an average price of $54.25, for a total value of $7,328,307.00.

On Thursday, September 17th, Isq Global Fund Ii Gp Llc sold 108,977 shares of Kinetik stock. The stock was sold at an average price of $53.84, for a total value of $5,867,321.68.

On Wednesday, September 16th, Isq Global Fund Ii Gp Llc sold 8,772 shares of Kinetik stock. The stock was sold at an average price of $55.06, for a total value of $482,986.32.

On Tuesday, September 15th, Isq Global Fund Ii Gp Llc sold 4,686 shares of Kinetik stock. The shares were sold at an average price of $55.11, for a total value of $258,245.46.

On Monday, September 14th, Isq Global Fund Ii Gp Llc sold 1,025 shares of Kinetik stock. The shares were sold at an average price of $55.15, for a total value of $56,528.75.

On Thursday, September 10th, Isq Global Fund Ii Gp Llc sold 5,840 shares of Kinetik stock. The stock was sold at an average price of $55.39, for a total value of $323,477.60.

On Wednesday, September 9th, Isq Global Fund Ii Gp Llc sold 4,585 shares of Kinetik stock. The shares were sold at an average price of $55.19, for a total transaction of $253,046.15.

On Tuesday, September 8th, Isq Global Fund Ii Gp Llc sold 58,383 shares of Kinetik stock. The shares were sold at an average price of $55.14, for a total transaction of $3,219,238.62.

Shares of NYSE KNTK opened at $51.29 on Friday. The firm has a fifty day simple moving average of $52.64 and a two-hundred day simple moving average of $49.38. Kinetik Holdings Inc. has a 12 month low of $31.33 and a 12 month high of $56.92. The firm has a market capitalization of $8.33 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 1.30 and a beta of 0.57.

Kinetik (NYSE:KNTK – Get Free Report) last announced its earnings results 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 net margin of 26.19% and a negative return on equity of 38.96%. The firm had revenue of $581.44 million for the quarter, compared to analyst estimates of $421.48 million. During the same quarter in the previous year, the firm posted $0.33 EPS. The company's revenue for the quarter was up 36.3% compared to the same quarter last year. On average, sell-side analysts predict that Kinetik Holdings Inc. will post 1.3 earnings per share for the current year.