BNP Paribas Arbitrage SA Has $70,000 Stake in Rattler Midstream LP (NASDAQ:RTLR)

BNP Paribas Arbitrage SA lowered its position in shares of Rattler Midstream LP (NASDAQ:RTLR) by 18.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,001 shares of the company’s stock after selling 4,452 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Rattler Midstream were worth $70,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Bank of America Corp DE increased its stake in Rattler Midstream by 2,914.6% in the 4th quarter. Bank of America Corp DE now owns 1,857,343 shares of the company’s stock valued at $33,042,000 after buying an additional 1,795,732 shares during the last quarter. Alyeska Investment Group L.P. boosted its holdings in Rattler Midstream by 45.2% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,124,972 shares of the company’s stock worth $20,013,000 after buying an additional 349,972 shares during the period. Marshall Wace LLP boosted its holdings in Rattler Midstream by 683.7% in the 4th quarter. Marshall Wace LLP now owns 266,447 shares of the company’s stock worth $4,740,000 after buying an additional 232,449 shares during the period. Kayne Anderson Capital Advisors LP boosted its holdings in Rattler Midstream by 24.0% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 1,134,500 shares of the company’s stock worth $3,946,000 after buying an additional 219,300 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Rattler Midstream by 15.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,678,580 shares of the company’s stock worth $29,862,000 after buying an additional 218,405 shares during the period. 28.10% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have commented on RTLR shares. Raymond James downgraded shares of Rattler Midstream from an “outperform” rating to a “market perform” rating in a report on Thursday, March 12th. BidaskClub downgraded shares of Rattler Midstream from a “buy” rating to a “hold” rating in a report on Saturday. ValuEngine raised shares of Rattler Midstream from a “strong sell” rating to a “sell” rating in a report on Thursday, April 23rd. Piper Sandler dropped their price objective on shares of Rattler Midstream from $14.00 to $5.00 and set a “neutral” rating for the company in a report on Monday, April 6th. Finally, Zacks Investment Research upgraded shares of Rattler Midstream from a “sell” rating to a “hold” rating in a research report on Wednesday, May 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $10.61.

RTLR opened at $9.70 on Wednesday. Rattler Midstream LP has a twelve month low of $2.90 and a twelve month high of $20.24. The stock has a market capitalization of $1.35 billion and a price-to-earnings ratio of 10.54. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 0.40. The firm has a 50 day moving average price of $9.35 and a 200-day moving average price of $10.94.

Rattler Midstream (NASDAQ:RTLR) last announced its earnings results on Wednesday, May 6th. The company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). Rattler Midstream had a net margin of 8.68% and a return on equity of 3.74%. The business had revenue of $129.40 million for the quarter, compared to analysts’ expectations of $118.34 million. As a group, analysts expect that Rattler Midstream LP will post 0.91 earnings per share for the current year.

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Institutional Ownership by Quarter for Rattler Midstream (NASDAQ:RTLR)

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