Targa Resources Corp (NYSE:TRGP) CEO Joe Bob Perkins sold 8,984 shares of the firm’s stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $50.13, for a total value of $450,367.92. Following the completion of the sale, the chief executive officer now owns 439,256 shares of the company’s stock, valued at approximately $22,019,903.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Joe Bob Perkins also recently made the following trade(s):

  • On Thursday, September 29th, Joe Bob Perkins sold 1,405 shares of Targa Resources Corp stock. The stock was sold at an average price of $50.03, for a total value of $70,292.15.
  • On Thursday, September 22nd, Joe Bob Perkins sold 7,843 shares of Targa Resources Corp stock. The stock was sold at an average price of $50.45, for a total value of $395,679.35.

Targa Resources Corp (NYSE:TRGP) opened at 47.98 on Thursday. Targa Resources Corp has a 52-week low of $14.55 and a 52-week high of $64.37. The company’s market cap is $7.99 billion. The company’s 50 day moving average price is $46.85 and its 200 day moving average price is $41.38.

Targa Resources Corp (NYSE:TRGP) last posted its earnings results on Wednesday, August 3rd. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.07) by $0.07. Equities research analysts anticipate that Targa Resources Corp will post ($0.40) EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Targa Resources Corp (NYSE:TRGP)

A number of analysts have commented on TRGP shares. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Targa Resources Corp in a research report on Thursday, June 16th. Zacks Investment Research upgraded Targa Resources Corp from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Tuesday, July 5th. Stifel Nicolaus upgraded Targa Resources Corp from a “hold” rating to a “buy” rating and raised their price objective for the stock from $38.51 to $43.00 in a research report on Thursday, August 4th. They noted that the move was a valuation call. Wunderlich raised their price objective on Targa Resources Corp from $44.00 to $45.00 and gave the stock a “hold” rating in a research report on Wednesday, August 31st. Finally, Evercore ISI started coverage on Targa Resources Corp in a research report on Thursday, September 15th. They issued a “hold” rating and a $45.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $47.70.

Several institutional investors have recently bought and sold shares of TRGP. Bollard Group LLC increased its stake in shares of Targa Resources Corp by 1.3% in the second quarter. Bollard Group LLC now owns 2,418 shares of the company’s stock worth $102,000 after buying an additional 31 shares in the last quarter. Benedict Financial Advisors Inc. increased its stake in shares of Targa Resources Corp by 0.5% in the second quarter. Benedict Financial Advisors Inc. now owns 10,002 shares of the company’s stock worth $427,000 after buying an additional 49 shares in the last quarter. Amalgamated Bank increased its stake in shares of Targa Resources Corp by 0.4% in the second quarter. Amalgamated Bank now owns 18,878 shares of the company’s stock worth $798,000 after buying an additional 66 shares in the last quarter. Sanders Morris Harris Inc. increased its stake in shares of Targa Resources Corp by 1.2% in the second quarter. Sanders Morris Harris Inc. now owns 14,471 shares of the company’s stock worth $610,000 after buying an additional 166 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of Targa Resources Corp by 1.1% in the second quarter. Signaturefd LLC now owns 24,510 shares of the company’s stock worth $1,033,000 after buying an additional 269 shares in the last quarter.

Targa Resources Corp Company Profile

Targa Resources Corp., 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.

5 Day Chart for NYSE:TRGP

Receive News & Stock Ratings for Targa Resources Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Targa Resources Corp and related stocks with our FREE daily email newsletter.