Travis D. Stice Acquires 85,000 Shares of Rattler Midstream LP (NASDAQ:RTLR) Stock

Rattler Midstream LP (NASDAQ:RTLR) CEO Travis D. Stice purchased 85,000 shares of the stock in a transaction dated Tuesday, May 28th. The stock was acquired at an average cost of $17.50 per share, for a total transaction of $1,487,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

RTLR stock opened at $18.19 on Thursday. Rattler Midstream LP has a twelve month low of $16.25 and a twelve month high of $20.24. The business’s 50-day moving average price is $18.66.

A number of hedge funds have recently added to or reduced their stakes in the stock. Magnetar Financial LLC bought a new position in Rattler Midstream in the 2nd quarter worth approximately $10,936,000. Tortoise Index Solutions LLC bought a new position in Rattler Midstream in the 2nd quarter worth approximately $318,000. Waddell & Reed Financial Inc. bought a new position in Rattler Midstream in the 2nd quarter worth approximately $26,224,000. Zimmer Partners LP bought a new position in Rattler Midstream in the 2nd quarter worth approximately $43,505,000. Finally, Tortoise Capital Advisors L.L.C. bought a new position in Rattler Midstream in the 2nd quarter worth approximately $91,193,000. 7.62% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on RTLR. SunTrust Banks began coverage on Rattler Midstream in a research report on Monday, June 17th. They issued a “buy” rating and a $23.00 price target on the stock. Bank of America began coverage on Rattler Midstream in a research report on Monday, June 17th. They issued a “buy” rating and a $21.00 price target on the stock. Raymond James began coverage on Rattler Midstream in a research report on Monday, June 17th. They issued an “outperform” rating on the stock. Royal Bank of Canada began coverage on Rattler Midstream in a research report on Monday, June 17th. They issued a “sector perform” rating and a $20.00 price target on the stock. Finally, JPMorgan Chase & Co. began coverage on Rattler Midstream in a research report on Monday, June 17th. They issued an “overweight” rating and a $23.00 price target on the stock. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $22.54.

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