Large Inflow of Money Witnessed in Targa Resources

Shares of Targa Resources (NYSE:TRGP) saw an erosion of -0.4 points in recent session. During the trading, the value of each share was $41.56, dropping -0.95%. The shares saw high fund-flow as the composite value of all the upticks was $16.53 million and the total value of all the downticks was a mere $14.02 million. The net money flow was seen at $2.5 million and the up/down ratio was measured at 1.18. On a weekly basis the shares of the shares have recorded a change of 0.19%.The block trade which occurred today had $6.26 million in upticks and $4.13 million in downticks with the up/down ratio climbing to 1.52. $2.14 million was the net money flow of the block transaction.


The stock has recorded a 20-day Moving Average of 0.66% and the 50-Day Moving Average is 5.81%. The company shares have dropped 55.26% in the past 52 Weeks. On June 23, 2015 The shares registered one year high of $95.04 and one year low was seen on February 11, 2016 at $14.55. The 50-day moving average is $41.85 and the 200 day moving average is recorded at $30.57. S&P 500 has rallied 1.93% during the last 52-weeks.

Targa Resources (NYSE:TRGP): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.88 and $40.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.19, notching a gain of 0.55% for the day. The total traded volume was 2,611,004 . The stock had closed at $41.96 on the previous day.

Currently the company Insiders own 3% of Targa Resources shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -13.23% . Institutional Investors own 82.02% of Targa Resources shares. During last six month period, the net percent change held by insiders has seen a change of -13.23%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Whalen James W, director officer (See Remarks) of Targa Resources Corp., had unloaded 25,000 shares at an average price of $40 in a transaction dated on June 13, 2016. The total value of the transaction was worth $1,000,000.

Targa Resources Corp. (Traga), through its general and limited partner interests in Targa Resources Partners LP (the Partnership), is a provider of midstream natural gas and natural gas liquid (NGL) services in the United States. The Partnership is engaged in the business of gathering, compressing, treating, processing and selling natural gas and storing, fractionating, treating, transporting, terminaling and selling NGLs, NGL products, and gathering, storing and terminaling crude oil and refined petroleum products. The Company operates in two divisions Gathering and Processing and Logistics and Marketing. Gathering and Processing includes Field Gathering and Processing and Coastal Gathering and Processing. Logistics and Marketing includes Logistics Assets and Marketing and Distribution.

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