Shares of Targa Resources (NYSE:TRGP) Sees Large Inflow of Net Money Flow

Targa Resources (NYSE:TRGP) saw its share price trade relatively negative in the recent trading session. The share price was last updated to $40.43 with a loss of -0.27 points or -0.66%. The net money flow was $1.68 million and the up/down ratio was 1.19. Approximately $10.77 million was the inflow in upticks and $9.08 million was the outflow in downticks. On a weekly measure, the shares have seen a price change of -7.53%.The shares witnessed a block transaction with a net money flow of $1.19 million. The total money in uptick was $2.7 million and in downtick was $1.51 million with the up/down ratio reaching 1.79.


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, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP, Gen. Counsel & Secretary) of Targa Resources Corp., Chung Paul W had sold 20,640 shares worth of $875,549 in a transaction dated May 12, 2016. In this transaction, 20,640 shares were sold at $42.42 per share.

Targa Resources (NYSE:TRGP) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.88 points or 2.16% at $39.82 with 2,574,279 shares getting traded. Post opening the session at $40.12, the shares hit an intraday low of $39.39 and an intraday high of $40.77 and the price was in this range throughout the day. The company has a market cap of $6,395 million and the number of outstanding shares have been calculated to be 160,597,180 shares. The 52-week high of Targa Resources (NYSE:TRGP) is $95.04 and the 52-week low is $14.55.

Many analysts have stated their opinion on the company shares. In a research note released to the investors, Jefferies downgrades its rating on Targa Resources (NYSE:TRGP).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Buy by the brokerage firm. In a recent information released to the investors, Jefferies raises the new price target from $34 per share to $45 per share. The rating by the firm was issued on June 8, 2016.

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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