Insider Buying: Rattler Midstream LP (NASDAQ:RTLR) CEO Acquires $100,004.20 in Stock

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Rattler Midstream LP (NASDAQ:RTLR) CEO Travis D. Stice purchased 5,695 shares of the business’s stock in a transaction on Friday, August 9th. The shares were acquired at an average price of $17.56 per share, with a total value of $100,004.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NASDAQ:RTLR opened at $17.62 on Thursday. The company’s 50-day moving average price is $18.92. Rattler Midstream LP has a 12 month low of $16.25 and a 12 month high of $20.24.

Several large investors have recently modified their holdings of RTLR. Tortoise Capital Advisors L.L.C. bought a new position in shares of Rattler Midstream during the second quarter valued at approximately $91,193,000. Cubist Systematic Strategies LLC bought a new position in shares of Rattler Midstream during the second quarter valued at approximately $281,000. Westwood Holdings Group Inc. bought a new position in shares of Rattler Midstream during the second quarter valued at approximately $1,745,000. Marshall Wace LLP bought a new position in shares of Rattler Midstream during the second quarter valued at approximately $1,839,000. Finally, Morgan Stanley bought a new position in shares of Rattler Midstream during the second quarter valued at approximately $5,489,000. 1.60% of the stock is owned by hedge funds and other institutional investors.

RTLR has been the subject of several analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Rattler Midstream in a research report on Monday, June 17th. They set an “overweight” rating and a $23.00 price target for the company. Raymond James initiated coverage on shares of Rattler Midstream in a research report on Monday, June 17th. They set an “outperform” rating for the company. Royal Bank of Canada initiated coverage on shares of Rattler Midstream in a research report on Monday, June 17th. They set a “sector perform” rating and a $20.00 price target for the company. Barclays initiated coverage on shares of Rattler Midstream in a research report on Monday, June 17th. They set an “equal weight” rating and a $21.00 price target for the company. Finally, SunTrust Banks initiated coverage on shares of Rattler Midstream in a research note on Monday, June 17th. They set a “buy” rating and a $23.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Rattler Midstream currently has a consensus rating of “Buy” and an average price target of $22.54.

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