Allianz Asset Management GmbH Buys 11,225 Shares of Rattler Midstream LP (NASDAQ:RTLR)

Allianz Asset Management GmbH raised its stake in Rattler Midstream LP (NASDAQ:RTLR) by 3.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 312,440 shares of the company’s stock after buying an additional 11,225 shares during the period. Allianz Asset Management GmbH’s holdings in Rattler Midstream were worth $3,321,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Advisory Services Network LLC grew its holdings in shares of Rattler Midstream by 53.1% during the 4th quarter. Advisory Services Network LLC now owns 14,408 shares of the company’s stock valued at $137,000 after purchasing an additional 5,000 shares during the last quarter. Fort Washington Investment Advisors Inc. OH bought a new position in shares of Rattler Midstream during the 1st quarter valued at $162,000. AE Wealth Management LLC grew its holdings in shares of Rattler Midstream by 13.6% during the 1st quarter. AE Wealth Management LLC now owns 27,972 shares of the company’s stock valued at $297,000 after purchasing an additional 3,359 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Rattler Midstream by 5.1% during the 4th quarter. Wells Fargo & Company MN now owns 28,600 shares of the company’s stock valued at $271,000 after purchasing an additional 1,378 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Rattler Midstream by 15.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 29,584 shares of the company’s stock valued at $314,000 after purchasing an additional 3,859 shares during the last quarter. 22.78% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently commented on RTLR shares. Raymond James raised shares of Rattler Midstream from a “market perform” rating to an “outperform” rating and set a $13.00 target price on the stock in a report on Thursday, April 15th. TheStreet lowered shares of Rattler Midstream from a “c-” rating to a “d+” rating in a report on Thursday, April 8th. Zacks Investment Research raised shares of Rattler Midstream from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 3rd. Wells Fargo & Company increased their price target on shares of Rattler Midstream from $12.00 to $13.00 and gave the company an “overweight” rating in a research report on Thursday, May 13th. Finally, Citigroup increased their price target on shares of Rattler Midstream from $81.00 to $100.00 in a research report on Wednesday, April 14th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Rattler Midstream has an average rating of “Hold” and an average target price of $20.78.

NASDAQ:RTLR opened at $11.00 on Friday. The stock has a 50-day moving average of $11.06. Rattler Midstream LP has a 12 month low of $5.53 and a 12 month high of $11.98. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.58 and a current ratio of 1.82. The stock has a market cap of $1.63 billion, a PE ratio of 18.64 and a beta of 4.33.

Rattler Midstream (NASDAQ:RTLR) last issued its quarterly earnings results on Tuesday, May 4th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.09). The business had revenue of $98.81 million during the quarter, compared to the consensus estimate of $88.03 million. Rattler Midstream had a return on equity of 2.83% and a net margin of 7.04%. On average, equities research analysts expect that Rattler Midstream LP will post 1.01 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 21st. Shareholders of record on Friday, May 14th were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, May 13th. This represents a $0.80 dividend on an annualized basis and a yield of 7.27%. Rattler Midstream’s dividend payout ratio is currently 96.39%.

Rattler Midstream Profile

Rattler Midstream LP owns, operates, develops, and acquires midstream and energy-related infrastructure assets in the Midland and Delaware Basins of the Permian Basin in West Texas. The company operates in two segments, Midstream Services and Real Estate Operations. It provides crude oil, natural gas, and water-related midstream services.

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

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