Insider Buying: Rattler Midstream LP (NASDAQ:RTLR) CEO Purchases 85,000 Shares of Stock

Rattler Midstream LP (NASDAQ:RTLR) CEO Travis D. Stice purchased 85,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were bought at an average cost of $17.50 per share, with a total value of $1,487,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

NASDAQ RTLR opened at $17.95 on Friday. The stock has a 50-day simple moving average of $18.64. Rattler Midstream LP has a twelve month low of $16.25 and a twelve month high of $20.24.

Several analysts have issued reports on the company. Piper Jaffray Companies assumed coverage on Rattler Midstream in a report on Monday, June 17th. They set an “overweight” rating and a $25.00 price target for the company. Northland Securities assumed coverage on Rattler Midstream in a report on Monday, June 17th. They set an “outperform” rating and a $24.00 price target for the company. Royal Bank of Canada assumed coverage on Rattler Midstream in a report on Monday, June 17th. They set a “sector perform” rating and a $20.00 price target for the company. Capital One Financial assumed coverage on Rattler Midstream in a report on Monday, June 17th. They set an “overweight” rating and a $24.00 price target for the company. Finally, Seaport Global Securities assumed coverage on Rattler Midstream in a report on Monday, June 17th. They set a “buy” rating and a $23.00 price target for the company. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $22.54.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Landscape Capital Management L.L.C. bought a new position in shares of Rattler Midstream in the second quarter worth about $1,835,000. CIBC Private Wealth Group LLC bought a new position in shares of Rattler Midstream in the second quarter worth about $25,955,000. Kayne Anderson Capital Advisors LP bought a new position in shares of Rattler Midstream in the second quarter worth about $15,490,000. BlueMountain Capital Management LLC bought a new position in shares of Rattler Midstream in the second quarter worth about $1,939,000. Finally, Cardinal Capital Management LLC CT bought a new position in shares of Rattler Midstream in the second quarter worth about $30,155,000. 7.62% of the stock is owned by hedge funds and other institutional investors.

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