Targa Resources Corp. (TRGP) Files Form 4 Insider Selling : Paul W Chung Sells 20,640 Shares

Targa Resources Corp. (TRGP): Paul W Chung , EVP, Gen. Counsel & Secretary of Targa Resources Corp. sold 20,640 shares on May 12, 2016. The Insider selling transaction was reported by the company on May 16, 2016 to the Securities and Exchange Commission. The shares were sold at $42.42 per share for a total value of $867,161.38 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 13, 2015, Rene R Joyce (director) sold 10,000 shares at $78.31 per share price.On Mar 3, 2015, Peter Kagan (director) sold 10,796 shares at $98.27 per share price.Also, On Jan 20, 2015, Joe Bob Perkins (Chief Executive Officer) sold 25,000 shares at $87.22 per share price.

Shares of Targa Resources Corp (TRGP) ended Friday, May 13, 2016 session in red amid volatile trading. The shares closed down -0.14 points or -0.34% at $40.98 with 17,39,885 shares getting traded. Post opening the session at $41.18, the shares hit an intraday low of $40.49 and an intraday high of $41.8 and the price vacillated in this range throughout the day. The company has a market cap of $6,581 M and the number of outstanding shares has been calculated to be 16,05,97,180 shares. The 52-week high of Targa Resources Corp is $103.58 and the 52-week low is $14.55.

Targa Resources Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.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 is Resumed by Citigroup to Buy and the brokerage firm has set the Price Target at $32. The Rating was issued on Mar 15, 2016.Targa Resources Corp is Upgraded by Credit Suisse to Neutral. Earlier the firm had a rating of Underperform on the company shares. The Rating was issued on Feb 26, 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.

Leave a Reply

Targa Resources Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Targa Resources Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.