Steven E. West Purchases 28,550 Shares of Rattler Midstream LP (NASDAQ:RTLR) Stock

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Rattler Midstream LP (NASDAQ:RTLR) Director Steven E. West purchased 28,550 shares of Rattler Midstream stock in a transaction dated Tuesday, May 28th. The stock was bought at an average cost of $17.50 per share, with a total value of $499,625.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

RTLR has been the subject of a number of research analyst reports. Scotiabank initiated coverage on shares of Rattler Midstream in a research report on Monday, June 17th. They issued a “sector 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 issued a “sector perform” rating and a $20.00 price target for the company. Credit Suisse Group initiated coverage on shares of Rattler Midstream in a research report on Monday, June 17th. They issued a “neutral” rating and a $22.00 price target for the company. Bank of America initiated coverage on shares of Rattler Midstream in a research report on Monday, June 17th. They issued a “buy” rating and a $21.00 price target for the company. Finally, Barclays initiated coverage on shares of Rattler Midstream in a research report on Monday, June 17th. They issued an “equal weight” rating and a $21.00 price target for the company. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $22.54.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Tortoise Capital Advisors L.L.C. bought a new position in Rattler Midstream during the second quarter valued at approximately $91,193,000. Zimmer Partners LP bought a new position in Rattler Midstream during the second quarter valued at approximately $43,505,000. Corvex Management LP bought a new position in Rattler Midstream during the second quarter valued at approximately $40,719,000. Cardinal Capital Management LLC CT bought a new position in Rattler Midstream during the second quarter valued at approximately $30,155,000. Finally, Waddell & Reed Financial Inc. bought a new position in Rattler Midstream during the second quarter valued at approximately $26,224,000. 7.62% of the stock is currently owned by hedge funds and other institutional investors.

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