Travis D. Stice Buys 5,695 Shares of Rattler Midstream LP (NASDAQ:RTLR) Stock

Rattler Midstream LP (NASDAQ:RTLR) CEO Travis D. Stice acquired 5,695 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was bought at an average price of $17.56 per share, for a total transaction of $100,004.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of RTLR stock traded up $0.09 on Monday, hitting $18.08. The company’s stock had a trading volume of 291,747 shares, compared to its average volume of 424,624. The business has a 50 day simple moving average of $18.96. Rattler Midstream LP has a fifty-two week low of $16.25 and a fifty-two week high of $20.24.

Several hedge funds have recently added to or reduced their stakes in RTLR. Kayne Anderson Capital Advisors LP acquired a new stake in shares of Rattler Midstream during the 2nd quarter valued at approximately $15,490,000. BNP Paribas Arbitrage SA acquired a new stake in shares of Rattler Midstream during the 2nd quarter valued at approximately $204,000. Janus Henderson Group PLC acquired a new stake in shares of Rattler Midstream during the 2nd quarter valued at approximately $197,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Rattler Midstream during the 2nd quarter valued at approximately $25,955,000. Finally, Wells Fargo & Company MN acquired a new stake in shares of Rattler Midstream during the 2nd quarter valued at approximately $379,000. Institutional investors and hedge funds own 0.53% of the company’s stock.

Several equities analysts have commented on RTLR shares. Northland Securities started coverage on shares of Rattler Midstream in a report on Monday, June 17th. They issued an “outperform” rating and a $24.00 price objective on the stock. Wells Fargo & Co started coverage on shares of Rattler Midstream in a report on Monday, June 17th. They issued an “outperform” rating and a $22.00 price objective on the stock. Scotiabank started coverage on shares of Rattler Midstream in a report on Monday, June 17th. They issued a “sector outperform” rating on the stock. Raymond James started coverage on shares of Rattler Midstream in a report on Monday, June 17th. They issued an “outperform” rating on the stock. Finally, SunTrust Banks started coverage on shares of Rattler Midstream in a report on Monday, June 17th. They issued a “buy” rating and a $23.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $22.54.

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