Mcqueen Ball Associates Lowers stake in Targa Resources Corp (TRGP)

Targa Resources Corp (TRGP) : Mcqueen Ball Associates reduced its stake in Targa Resources Corp by 15.78% during the most recent quarter end. The investment management company now holds a total of 226,993 shares of Targa Resources Corp which is valued at $9,154,628 after selling 42,522 shares in Targa Resources Corp , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.Targa Resources Corp makes up approximately 6.33% of Mcqueen Ball Associates’s portfolio.

Other Hedge Funds, Including , Bollard Group boosted its stake in TRGP in the latest quarter, The investment management firm added 31 additional shares and now holds a total of 2,418 shares of Targa Resources Corp which is valued at $97,518. Targa Resources Corp makes up approx 0.01% of Bollard Group’s portfolio.Salient Trust Co Lta reduced its stake in TRGP by selling 2,710 shares or 23.34% in the most recent quarter. The Hedge Fund company now holds 8,901 shares of TRGP which is valued at $371,172. Targa Resources Corp makes up approx 0.04% of Salient Trust Co Lta’s portfolio. Fox Run Management L.l.c. sold out all of its stake in TRGP during the most recent quarter. The investment firm sold 20,300 shares of TRGP which is valued $846,510. Gradient Investments added TRGP to its portfolio by purchasing 218 company shares during the most recent quarter which is valued at $9,411.

Targa Resources Corp opened for trading at $41.1 and hit $42.63 on the upside on Wednesday, eventually ending the session at $41.7, with a gain of 0.92% or 0.38 points. The heightened volatility saw the trading volume jump to 22,06,228 shares. Company has a market cap of $6,697 M.

Many Wall Street Analysts have commented on Targa Resources Corp. Targa Resources Corp was Downgraded by Jefferies to ” Hold” on Jun 8, 2016. Targa Resources Corp was Initiated by Stifel to “Hold” on May 31, 2016. Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 43 from a previous price target of $33 .

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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