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Insider Trends: Selling By Insiders Continues at Targa Resources

05/10/2021 13:22

05:12 PM EDT, 05/10/2021 (MT Newswires) -- James W Whalen, Director, sold 45,000 shares in Targa Resources (TRGP) for $1,687,500 on May 06, 2021. After the Form 4 filing with the SEC, Whalen controls 334,861 shares of the company of which 164,312 shares are held directly and 170,549 are owned indirectly. These holdings have an approximate market value of $12.8 million as of the prior-day closing price.

Over the last 90 days, prior to the date of this filing, there have been 5 insider transactions reported to the SEC for Targa Resources. These transactions came from the activities of 2 separate insiders that resulted in a net disposition of 141,316 company shares. This compares with the preceding 90-day window of time where there were 41 transactions from 20 insiders and resulted in the net acquisition of 423,160 shares.

This represents a lower level of transactions than the peer group average in the 55-company Oil & Gas Transportation Services peer group over the last 90-day period. Activity in the peer group averaged 71.7 transactions per company, with company insiders acquiring on average 1,169,847 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1389170/000089924321018969/xslF345X03/doc4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.