Oregon Public Employees Retirement Fund Acquires 22856 Shares of Targa Resources Corp.
October 9, 2022
Trending News ☀️
Targa Resources ($NYSE:TRGP) Corp. is a publicly traded company that engages in the business of gathering, processing, and storing natural gas and natural gas liquids in the United States. The Oregon Public Employees Retirement Fund has acquired 22856 shares of Targa Resources Corp. The retirement fund is a public pension fund that provides benefits to eligible public employees in Oregon.
Price History
However, on Friday, the stock prices for TARGA RESOURCES opened at $64.4 and closed at $63.8, down by 1.7% from the previous closing price of $64.9. This dip in stock prices may be due to the fact that the company has been embroiled in a lawsuit with the City of Los Angeles recently.
VI Analysis
TARGA RESOURCES is a company with strong long-term potential, reflected in its fundamentals. The company has an intermediate health score of 5/10 with regard to its cashflows and debt, indicating that it is likely to safely ride out any crisis without the risk of bankruptcy. TARGA RESOURCES is classified as a ‘cheetah’ company, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability.
This makes it an attractive investment for growth-oriented investors who are willing to take on some additional risk. The company is strong in growth and medium in asset, dividend, and profitability.
Summary
The Oregon Public Employees Retirement Fund has announced that it has acquired 22856 shares of Targa Resources Corp, a leading provider of midstream services in the oil and gas industry. This move comes as part of the Oregon Public Employees Retirement Fund’s commitment to invest in companies that are leaders in their respective industries. Targa Resources Corp is a leading provider of midstream services in the oil and gas industry, and the Oregon Public Employees Retirement Fund’s investment in the company is a vote of confidence in the company’s ability to continue to grow and provide value to its shareholders.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
