Deccan Value Investors LP Position in Facebook (FB) Has Raised as Market Value Rose; As Targa Res (TRGP) Stock Declined, Hite Hedge Asset Management Has Lowered Its Stake by $24.57 Million

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Hite Hedge Asset Management Llc decreased its stake in Targa Res Corp (TRGP) by 85.28% based on its latest 2018Q4 regulatory filing with the SEC. Hite Hedge Asset Management Llc sold 682,482 shares as the company’s stock declined 7.48% while stock markets rallied. The hedge fund held 117,812 shares of the public utilities company at the end of 2018Q4, valued at $4.24M, down from 800,294 at the end of the previous reported quarter. Hite Hedge Asset Management Llc who had been investing in Targa Res Corp for a number of months, seems to be less bullish one the $9.30B market cap company. The stock decreased 1.33% or $0.54 during the last trading session, reaching $40.04. About 2.63M shares traded. Targa Resources Corp. (NYSE:TRGP) has declined 8.23% since March 17, 2018 and is downtrending. It has underperformed by 12.60% the S&P500. Some Historical TRGP News: 09/05/2018 – Targa Resources at UBS Utility & MLP Conference Tomorrow; 23/05/2018 – SANCHEZ MIDSTREAM PARTNERS LP – HAS EXECUTED SERIES OF AGREEMENTS WITH TARGA RE; 03/04/2018 – KP Engineering Announces Completion of Cryogenic Gas Plant for Targa Re; 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; 03/05/2018 – KIRBY CORP KEX.N -AGREEMENT TO ACQUIRE TARGA RESOURCES CORP’S INLAND MARINE TANK BARGE BUSINESS FOR APPROXIMATELY $69.3 MLN IN CASH; 19/04/2018 – DJ Targa Resources Corp, Inst Holders, 1Q 2018 (TRGP); 23/05/2018 – Sanchez Midstream Partners Announces Expansion of Midstream Joint Venture with Targa Resources in South Texas; 17/05/2018 – Targa Resources 10.3% Owned by Hedge Funds; 03/05/2018 – Targa Resources 1Q Distributable Cash Flow $216.4M; 23/05/2018 – SNMP, TARGA MERGE 50% STAKES IN LINE/SITE FOR CARNERO JV

Deccan Value Investors Lp increased its stake in Facebook Inc (FB) by 24.48% based on its latest 2018Q4 regulatory filing with the SEC. Deccan Value Investors Lp bought 250,500 shares as the company’s stock rose 22.38% with the market. The hedge fund held 1.27 million shares of the technology company at the end of 2018Q4, valued at $166.97 million, up from 1.02M at the end of the previous reported quarter. Deccan Value Investors Lp who had been investing in Facebook Inc for a number of months, seems to be bullish on the $473.71 billion market cap company. The stock decreased 2.46% or $4.19 during the last trading session, reaching $165.98. About 37.13 million shares traded or 63.75% up from the average. Facebook, Inc. (NASDAQ:FB) has declined 4.87% since March 17, 2018 and is downtrending. It has underperformed by 9.24% the S&P500. Some Historical FB News: 03/05/2018 – GERMAN JUSTICE MINISTER BARLEY ASKS FACEBOOK FOR MORE TRANSPARENCY, CONTROL FOR USERS, AND STRICT “PRIVACY BY DEFAULT” ON ENTIRE FACEBOOK SYSTEM; 20/03/2018 – FB: FTC said to be probing $FB for use of personal data- FXMacro – ! $FB; 01/05/2018 – CNBC Now: BREAKING: Facebook will start telling users which websites track them across the we; 22/03/2018 – RUSSIAN AMBASSADOR TO LONDON SAYS MET CAMBRIDGE ANALYTICA’S ALEXANDER NIX JUST ONCE AT A CEREMONY; 15/05/2018 – U.S. investigating Cambridge Analytica -New York Times; 11/04/2018 – Facebook is center stage this week as founder Mark Zuckerberg testifies to Congress over issues relating to its mismanagement of user data and privacy; 15/05/2018 – Techmeme: Sources: Facebook’s spending on content-review teams has ballooned to hundreds of millions of dollars for 2018 (Deepa; 29/03/2018 – The Jerusalem Post: BREAKING Facebook’s Zuckerberg disavows memo saying all user growth is good; 20/05/2018 – ♫ Reuters Insider – Spurned advances may have provoked Texas shooting; 14/03/2018 – UK PM MAY SAYS WELCOMES ANNOUNCEMENT BY FACEBOOK TO BAN BRITAIN FIRST FROM ITS WEBSITE

Analysts await Targa Resources Corp. (NYSE:TRGP) to report earnings on May, 2. They expect $-0.04 earnings per share, down 33.33% or $0.01 from last year’s $-0.03 per share. After $0.13 actual earnings per share reported by Targa Resources Corp. for the previous quarter, Wall Street now forecasts -130.77% negative EPS growth.

Investors sentiment increased to 1.36 in Q4 2018. Its up 0.08, from 1.28 in 2018Q3. It is positive, as 49 investors sold TRGP shares while 101 reduced holdings. 76 funds opened positions while 128 raised stakes. 204.81 million shares or 0.02% more from 204.78 million shares in 2018Q3 were reported. Texas-based Hbk Invs LP has invested 0.02% in Targa Resources Corp. (NYSE:TRGP). Gateway Invest Advisers Ltd holds 0.03% of its portfolio in Targa Resources Corp. (NYSE:TRGP) for 86,736 shares. New Jersey-based Fincl Architects Incorporated has invested 0% in Targa Resources Corp. (NYSE:TRGP). Royal London Asset Mngmt holds 0.03% or 95,254 shares in its portfolio. Marathon Capital Management accumulated 23,315 shares. Neuberger Berman Llc accumulated 4.17 million shares or 0.21% of the stock. Rr Advisors Limited Liability Company has invested 10.64% of its portfolio in Targa Resources Corp. (NYSE:TRGP). Van Eck Corp holds 0% of its portfolio in Targa Resources Corp. (NYSE:TRGP) for 1,844 shares. Massachusetts-based Rhumbline Advisers has invested 0.02% in Targa Resources Corp. (NYSE:TRGP). Brown Advisory accumulated 13,403 shares. Moreover, Peconic Prtn Ltd has 1.94% invested in Targa Resources Corp. (NYSE:TRGP) for 220,000 shares. B Riley Wealth Mgmt Incorporated holds 18,507 shares. California State Teachers Retirement Sys holds 369,665 shares or 0.03% of its portfolio. First Manhattan Communications reported 18,512 shares. Williams Jones Assoc Limited Company, a New York-based fund reported 29,094 shares.

More notable recent Targa Resources Corp. (NYSE:TRGP) news were published by: Benzinga.com which released: “Earnings Scheduled For February 20, 2019 – Benzinga” on February 20, 2019, also Benzinga.com with their article: “The Blackstone Group L.P. (NYSE:BX), Targa Resources, Inc. (NYSE:TRGP) – Targa Misses Fourth Quarter Consensus Revenue Target – Benzinga” published on February 20, 2019, Seekingalpha.com published: “Targa Resources to sell 45% stake in Bakken assets for $1.6B – Seeking Alpha” on February 19, 2019. More interesting news about Targa Resources Corp. (NYSE:TRGP) were released by: Globenewswire.com and their article: “Grand Prix Pipeline LLC Launches Open Season (Revised) – GlobeNewswire” published on March 02, 2019 as well as Seekingalpha.com‘s news article titled: “Record Pace For Midstream – Seeking Alpha” with publication date: February 24, 2019.

Since November 16, 2018, it had 1 buy, and 0 insider sales for $103,400 activity.

Hite Hedge Asset Management Llc, which manages about $778.61 million and $571.54M US Long portfolio, upped its stake in Plains Gp Hldgs LP by 20,164 shares to 140,824 shares, valued at $2.83M in 2018Q4, according to the filing. It also increased its holding in Viper Energy Partners Lp (NASDAQ:VNOM) by 1.20 million shares in the quarter, for a total of 1.74 million shares, and has risen its stake in Oasis Midstream Partners Lp.

Since September 19, 2018, it had 0 buys, and 36 selling transactions for $93.33 million activity. Shares for $7.88M were sold by Sandberg Sheryl. The insider Wehner David M. sold 4,761 shares worth $671,777. 2,112 Facebook, Inc. (NASDAQ:FB) shares with value of $290,400 were sold by Taylor Susan J.S.. Another trade for 5,300 shares valued at $871,068 was made by Cox Christopher K on Monday, September 24. The insider Schroepfer Michael Todd sold $6.06M. Shares for $392,937 were sold by FISCHER DAVID B. on Monday, October 29.

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