Wells Fargo & Company MN grew its position in Rattler Midstream LP (NASDAQ:RTLR) by 39.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,718 shares of the company’s stock after acquiring an additional 7,800 shares during the quarter. Wells Fargo & Company MN’s holdings in Rattler Midstream were worth $96,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake in shares of Rattler Midstream by 135.6% in the fourth quarter. Bank of New York Mellon Corp now owns 56,749 shares of the company’s stock valued at $1,009,000 after buying an additional 32,657 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Rattler Midstream by 37.6% during the 4th quarter. Janus Henderson Group PLC now owns 27,659 shares of the company’s stock worth $492,000 after buying an additional 7,563 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Rattler Midstream by 255.5% during the 1st quarter. Pacer Advisors Inc. now owns 41,748 shares of the company’s stock worth $230,000 after buying an additional 30,004 shares during the last quarter. Arizona State Retirement System acquired a new stake in shares of Rattler Midstream during the first quarter worth about $36,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Rattler Midstream during the first quarter worth about $157,000. Institutional investors and hedge funds own 28.10% of the company’s stock.
NASDAQ:RTLR opened at $7.87 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.81 and a quick ratio of 0.63. The firm has a 50-day moving average of $8.95 and a two-hundred day moving average of $9.54. The stock has a market cap of $1.19 billion, a P/E ratio of 8.55, a PEG ratio of 0.21 and a beta of 5.04. Rattler Midstream LP has a 1-year low of $2.90 and a 1-year high of $19.87.
Rattler Midstream (NASDAQ:RTLR) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The firm had revenue of $129.40 million during the quarter, compared to analysts’ expectations of $118.34 million. Rattler Midstream had a net margin of 8.68% and a return on equity of 3.74%. As a group, equities analysts expect that Rattler Midstream LP will post 0.93 earnings per share for the current year.
A number of analysts have recently commented on the company. Goldman Sachs Group cut Rattler Midstream from a “buy” rating to a “neutral” rating and set a $10.00 target price on the stock. in a research report on Monday, July 6th. Wells Fargo & Co lifted their target price on Rattler Midstream from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 22nd. Piper Sandler cut their target price on Rattler Midstream from $14.00 to $5.00 and set a “neutral” rating on the stock in a research report on Monday, April 6th. Zacks Investment Research upgraded Rattler Midstream from a “sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, Capital One Financial cut Rattler Midstream from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. Rattler Midstream currently has a consensus rating of “Hold” and a consensus price target of $10.65.
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