RR Advisors LLC Takes Position in Targa Resources, Inc. $TRGP

RR Advisors LLC bought a new stake in shares of Targa Resources, Inc. (NYSE:TRGP) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 51,054 shares of the pipeline company’s stock, valued at approximately $13,690,000. Targa Resources accounts for approximately 4.0% of RR Advisors LLC’s portfolio, making the stock its 10th biggest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Compass Financial Management LLC acquired a new stake in shares of Targa Resources in the 2nd quarter valued at $33,000. CoreCap Advisors LLC lifted its stake in Targa Resources by 245.9% in the 2nd quarter. CoreCap Advisors LLC now owns 128 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 91 shares during the last quarter. Virtus Advisers LLC acquired a new stake in Targa Resources in the second quarter valued at approximately $35,000. Atlantic Union Bankshares Corp acquired a new stake in Targa Resources in the fourth quarter valued at approximately $27,000. Finally, Miller Capital Partners Inc. bought a new stake in shares of Targa Resources during the fourth quarter worth $30,000. Institutional investors own 92.13% of the company’s stock.

Targa Resources News Summary

Here are the key news stories impacting Targa Resources this week:

• Positive Sentiment: Long-term ExxonMobil contracts strengthen growth visibility. Targa secured 20-year, fee-based agreements with ExxonMobil covering the Permian Delaware and Midland basins. The arrangements support new processing and takeaway infrastructure through 2046, potentially improving cash-flow visibility and extending Targa’s Permian growth runway. Targa Resources Secures 20-Year Deal With ExxonMobil
• Positive Sentiment: Jefferies initiated or reiterated a Buy rating. The endorsement provides additional analyst support for TRGP’s long-term growth and infrastructure outlook. Targa Resources Gets a Buy from Jefferies
• Neutral Sentiment: Higher capital spending raises execution risk. The ExxonMobil-related infrastructure buildout could create meaningful future growth, but increased 2026 spending may pressure near-term free cash flow and heighten construction and execution demands. How Targa’s ExxonMobil Deal Could Extend Its Permian Growth Runway
• Negative Sentiment: US Capital Advisors reduced multiple EPS forecasts. The firm cut estimates for late 2026, all quarters of 2027, FY2027 EPS from $11.75 to $11.05, and FY2028 EPS from $13.42 to $12.73. Although it maintained a “Moderate Buy” rating, the revisions suggest expectations for slower earnings growth.
• Negative Sentiment: Premium valuation may limit upside. TRGP is trading close to its 52-week high following an approximately 85% rally, while heavy spending and potentially moderating marketing gains have raised questions about whether the current valuation fully reflects future growth. Targa Resources’ Stock Near 52-Week High

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TRGP shares. Seaport Research Partners reiterated a “neutral” rating on shares of Targa Resources in a report on Monday, May 4th. Royal Bank Of Canada boosted their price objective on Targa Resources from $310.00 to $312.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 11th. Erste Group Bank started coverage on Targa Resources in a report on Thursday, June 25th. They issued a “buy” rating for the company. Wolfe Research set a $335.00 target price on Targa Resources in a research report on Friday, August 7th. Finally, US Capital Advisors cut Targa Resources from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $297.18.

Targa Resources Price Performance

Shares of TRGP opened at $300.01 on Monday. The business has a 50-day moving average of $271.98 and a 200-day moving average of $254.49. The company has a debt-to-equity ratio of 5.01, a current ratio of 0.77 and a quick ratio of 0.68. The company has a market capitalization of $64.33 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 1.43 and a beta of 0.72. Targa Resources, Inc. has a 1 year low of $144.14 and a 1 year high of $307.94.

Targa Resources (NYSE:TRGP) last announced its earnings results on Thursday, August 6th. The pipeline company reported $3.54 EPS for the quarter, beating the consensus estimate of $2.83 by $0.71. Targa Resources had a return on equity of 69.26% and a net margin of 13.55%.The business had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.90 billion. As a group, equities research analysts anticipate that Targa Resources, Inc. will post 11.13 earnings per share for the current year.

Targa Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. Targa Resources’s dividend payout ratio is 47.80%.

Targa Resources Profile

Targa Resources Corporation (NYSE: TRGP) is a U.S.-focused midstream energy company that provides gathering, processing, transportation, storage and marketing services for natural gas, natural gas liquids (NGLs), and condensate. Its operations span the midstream value chain, including gas gathering systems that collect production from wells, processing plants that separate and recover NGLs and other hydrocarbons, fractionation and purification facilities that prepare NGLs for market, and pipeline and terminal assets that move and store products for producers, refiners and other customers.

The company operates a network of pipelines, processing plants, fractionators and storage facilities that serve producers and consumers across major U.S.