Targa Resources Corp. (TRGP) Files Form 4 Insider Selling : James W Whalen Sells 25,000 Shares

Targa Resources Corp. (TRGP): James W Whalen , director officer of Targa Resources Corp. sold 25,000 shares on Jun 13, 2016. The Insider selling transaction was reported by the company on Jun 15, 2016 to the Securities and Exchange Commission. The shares were sold at $40.00 per share for a total value of $1,000,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 16, 2016, Rene R Joyce (director) sold 75,091 shares at $41.98 per share price.On May 16, 2016, Paul W Chung (EVP, Gen. Counsel & Secretary) sold 20,640 shares at $42.42 per share price.Also, On Mar 3, 2015, Peter Kagan (director) sold 10,796 shares at $98.27 per share price.On Jan 20, 2015, Joe Bob Perkins (Chief Executive Officer) sold 25,000 shares at $87.22 per share price.

Targa Resources Corp: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in Targa Resources Corp which led to swings in the share price. The shares opened for trading at $39.35 and hit $41.91 on the upside , eventually ending the session at $40.78, with a gain of 3.21% or 1.27 points. The heightened volatility saw the trading volume jump to 39,97,001 shares. The 52-week high of the share price is $95.04 and the company has a market cap of $6,549 M . The 52-week low of the share price is at $14.55.

Targa Resources Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Targa Resources Corp is Downgraded by Jefferies to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jun 8, 2016.Targa Resources Corp is Initiated by Stifel to Hold. The Rating was issued on May 31, 2016.Targa Resources Corp is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 43 from a previous price target of $33 .The Rating was issued on May 2, 2016.Targa Resources Corp is Upgraded by CapitalOne to Overweight. Earlier the firm had a rating of Equal Weight on the company shares. The Rating was issued on May 2, 2016.Targa Resources Corp is Resumed by Barclays to Equal Weight and the brokerage firm has set the Price Target at $33. The Rating was issued on Mar 23, 2016.

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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