VelocityShares 3x Inverse Gold ETN (DGLD) At $49.55 Forms Bottom; Targa Resources (TRGP) Sentiment Is 1.33

June 28, 2018 - By John Hoffman

Targa Resources Corp (TRGP) investors sentiment increased to 1.33 in Q1 2018. It’s up 0.28, from 1.05 in 2017Q4. The ratio is more positive, as 181 investment managers opened new or increased equity positions, while 136 sold and decreased their stakes in Targa Resources Corp. The investment managers in our database now hold: 202.60 million shares, up from 193.64 million shares in 2017Q4. Also, the number of investment managers holding Targa Resources Corp in top ten equity positions was flat from 12 to 12 for the same number . Sold All: 31 Reduced: 105 Increased: 125 New Position: 56.

VelocityShares 3x Inverse Gold ETN (DGLD) formed multiple bottom with $47.07 target or 5.00% below today’s $49.55 share price. VelocityShares 3x Inverse Gold ETN (DGLD) has $16.72 million valuation. The stock increased 1.81% or $0.88 during the last trading session, reaching $49.55. About 105,407 shares traded or 47.55% up from the average. VelocityShares 3x Inverse Gold ETN (NASDAQ:DGLD) has declined 10.27% since June 28, 2017 and is downtrending. It has underperformed by 22.84% the S&P500.

More important recent Targa Resources Corp. (NYSE:TRGP) news were published by: Globenewswire.com which released: “Targa NGL Pipeline Company Launches Open Season” on June 15, 2018, also Benzinga.com published article titled: “Barclays Downgrades Targa, DCP Midstream On Decelerating Permian Volumes; Enable Midstream Upgraded”, Globenewswire.com published: “Targa Resources Partners LP Announces Monthly Distribution on Preferred Units” on June 15, 2018. More interesting news about Targa Resources Corp. (NYSE:TRGP) was released by: Seekingalpha.com and their article: “Midstream Eases Higher” with publication date: June 25, 2018.

Analysts await Targa Resources Corp. (NYSE:TRGP) to report earnings on August, 2. They expect $-0.08 EPS, down 157.14% or $0.22 from last year’s $0.14 per share. After $-0.03 actual EPS reported by Targa Resources Corp. for the previous quarter, Wall Street now forecasts 166.67% negative EPS growth.

Chickasaw Capital Management Llc holds 8.5% of its portfolio in Targa Resources Corp. for 8.13 million shares. Rr Advisors Llc owns 1.33 million shares or 6.1% of their US portfolio. Moreover, Cushing Asset Management Lp has 5.62% invested in the company for 3.67 million shares. The Texas-based Salient Capital Advisors Llc has invested 5.15% in the stock. Kayne Anderson Capital Advisors Lp, a California-based fund reported 7.59 million shares.

Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP, provides midstream natural gas and natural gas liquid services in the United States. The company has market cap of $10.80 billion. The firm operates in two divisions, Gathering and Processing, and Logistics and Marketing. It has a 136.69 P/E ratio. It is involved in gathering, compressing, treating, processing, and selling natural gas; storing, fractionating, treating, transporting, terminaling, and selling NGLs and NGL products; and gathering, storing, and terminaling crude oil and refined petroleum products.

The stock increased 0.41% or $0.2 during the last trading session, reaching $49.21. About 2.86M shares traded or 30.36% up from the average. Targa Resources Corp. (TRGP) has declined 3.47% since June 28, 2017 and is downtrending. It has underperformed by 16.04% the S&P500. Some Historical TRGP News: 03/05/2018 – KIRBY IN PACT TO BUY PRESSURE BARGES FROM TARGA RESOURCES CORP; 29/05/2018 – Targa Resources Closes Below 50-Day Moving Average: Technicals; 03/05/2018 – TARGA PRESIDENT SAYS LPG EXPORTS OUTLOOK REMAINS ‘ROBUST’; 03/05/2018 – TARGA RESOURCES SEES YR NET GROWTH CAPEX $2.18B; 10/04/2018 – Targa Resources Closes Above 200-Day Moving Average: Technicals; 08/05/2018 – Targa Resources at Deutsche Bank MLP & Pipeline Day Tomorrow; 27/03/2018 – TARGA RESOURCES ANNOUNCES ADDITIONAL DELAWARE BASIN PROCESSING EXPANSIONS, AN EXTENSION OF ITS GRAND PRIX NGL PIPELINE INTO OKLAHOMA AND POTENTIAL ASSET SALES; ALSO POSTS UPDATED INVESTOR; 18/04/2018 – Targa Resources Corp. Announces Quarterly Dividends; 26/03/2018 – Targa Resources Short-Interest Ratio Rises 40% to 7 Days; 03/05/2018 – KIRBY CORP – BARGES WILL BE ABOUT $0.02 PER SHARE ACCRETIVE IN 2018

Targa Resources Corp. (NYSE:TRGP) Institutional Positions Chart