Matt Zmigrosky Purchases 3,000 Shares of Rattler Midstream LP (NASDAQ:RTLR) Stock

Rattler Midstream LP (NASDAQ:RTLR) insider Matt Zmigrosky bought 3,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was bought at an average cost of $17.50 per share, for a total transaction of $52,500.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of NASDAQ:RTLR opened at $18.19 on Thursday. The business’s fifty day moving average is $18.66. Rattler Midstream LP has a 52-week low of $16.25 and a 52-week high of $20.24.

Several large investors have recently made changes to their positions in RTLR. Tortoise Capital Advisors L.L.C. acquired a new position in shares of Rattler Midstream during the second quarter worth $91,193,000. Zimmer Partners LP bought a new position in shares of Rattler Midstream during the 2nd quarter worth approximately $43,505,000. Corvex Management LP bought a new position in shares of Rattler Midstream during the 2nd quarter worth approximately $40,719,000. Cardinal Capital Management LLC CT bought a new position in shares of Rattler Midstream during the 2nd quarter worth approximately $30,155,000. Finally, Waddell & Reed Financial Inc. purchased a new stake in shares of Rattler Midstream during the 2nd quarter worth approximately $26,224,000. Institutional investors own 7.62% of the company’s stock.

A number of analysts recently issued reports on RTLR shares. SunTrust Banks started coverage on Rattler Midstream in a research report on Monday, June 17th. They issued a “buy” rating and a $23.00 target price on the stock. Wells Fargo & Co assumed coverage on Rattler Midstream in a research note on Monday, June 17th. They set an “outperform” rating and a $22.00 target price for the company. Credit Suisse Group assumed coverage on shares of Rattler Midstream in a report on Monday, June 17th. They set a “neutral” rating and a $22.00 price target for the company. Scotiabank assumed coverage on shares of Rattler Midstream in a report on Monday, June 17th. They set a “sector outperform” rating for the company. Finally, Citigroup assumed coverage on shares of Rattler Midstream in a report on Monday, June 17th. They set a “neutral” rating and a $21.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Rattler Midstream presently has an average rating of “Buy” and an average target price of $22.54.

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