Targa Resources Corp. (TRGP) Files Form 4 Insider Selling : Joe Bob Perkins Sells 7,843 Shares

Targa Resources Corp. (TRGP): Joe Bob Perkins , Chief Executive Officer of Targa Resources Corp. sold 7,843 shares on Sep 22, 2016. The Insider selling transaction was reported by the company on Sep 26, 2016 to the Securities and Exchange Commission. The shares were sold at $50.45 per share for a total value of $395,714.66 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 8, 2016, Jeffrey J Mcparland (officer ) sold 25,100 shares at $45.50 per share price.On Jul 29, 2016, D. Scott Pryor (officer ) sold 7,500 shares at $37.66 per share price.Also, On Jun 15, 2016, James W Whalen (director officer ) sold 25,000 shares at $40.00 per share price.On May 16, 2016, Rene R Joyce (director) sold 75,091 shares at $41.98 per share price.

Shares of Targa Resources Corp (TRGP) ended Thursday, Sep 22, 2016 session in red amid volatile trading. The shares closed down -0.27 points or -0.55% at $49.07 with 28,20,302 shares getting traded. Post opening the session at $49.94, the shares hit an intraday low of $48.51 and an intraday high of $50.87 and the price vacillated in this range throughout the day. The company has a market cap of $8,177 M and the number of outstanding shares has been calculated to be 16,66,30,470 shares. The 52-week high of Targa Resources Corp is $66.87 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 Upgraded by Goldman to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Sep 19, 2016.Targa Resources Corp is Reiterated by Wunderlich to Hold and the brokerage firm has raised the Price Target to $ 45 from a previous price target of $44 .The Rating was issued on Aug 31, 2016.Targa Resources Corp is Upgraded by Stifel to Buy and the brokerage firm has set the Price Target at $43. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Aug 4, 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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