Nelson Van Denburg & Campbell Wealth Management Group LLC Invests $29,000 in Rattler Midstream LP (NASDAQ:RTLR)

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Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in shares of Rattler Midstream LP (NASDAQ:RTLR) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 1,653 shares of the company’s stock, valued at approximately $29,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Tortoise Capital Advisors L.L.C. acquired a new stake in Rattler Midstream during the second quarter worth $91,193,000. Zimmer Partners LP acquired a new stake in Rattler Midstream during the second quarter worth $43,505,000. Corvex Management LP acquired a new stake in Rattler Midstream during the second quarter worth $40,719,000. Cardinal Capital Management LLC CT acquired a new stake in Rattler Midstream during the second quarter worth $30,155,000. Finally, Waddell & Reed Financial Inc. acquired a new stake in Rattler Midstream during the second quarter worth $26,224,000. Hedge funds and other institutional investors own 28.95% of the company’s stock.

RTLR has been the topic of a number of recent research reports. Credit Suisse Group initiated coverage on shares of Rattler Midstream in a research note on Monday, June 17th. They set a “neutral” rating and a $22.00 price target on the stock. Capital One Financial initiated coverage on shares of Rattler Midstream in a research note on Monday, June 17th. They set an “overweight” rating and a $24.00 price target on the stock. Northland Securities initiated coverage on shares of Rattler Midstream in a research note on Monday, June 17th. They set an “outperform” rating and a $24.00 price target on the stock. Piper Jaffray Companies initiated coverage on shares of Rattler Midstream in a research note on Monday, June 17th. They set an “overweight” rating and a $25.00 price target on the stock. Finally, Scotiabank initiated coverage on shares of Rattler Midstream in a research note on Monday, June 17th. They set a “sector outperform” rating on the stock. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $22.29.

In related news, CEO Travis D. Stice acquired 5,695 shares of the business’s stock in a transaction on Friday, August 9th. The stock was bought at an average cost of $17.56 per share, with a total value of $100,004.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NASDAQ RTLR opened at $15.76 on Friday. The firm’s fifty day moving average is $17.98. Rattler Midstream LP has a 52-week low of $15.51 and a 52-week high of $20.24.

Rattler Midstream (NASDAQ:RTLR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.16). The business had revenue of $111.77 million during the quarter, compared to the consensus estimate of $96.82 million. On average, equities research analysts anticipate that Rattler Midstream LP will post 1.2 EPS for the current year.

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Institutional Ownership by Quarter for Rattler Midstream (NASDAQ:RTLR)

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