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Insider Trends: Insider Adds to 90-Day Selling Trend at Targa Resources

05/10/2021 13:23

05:13 PM EDT, 05/10/2021 (MT Newswires) -- On May 06, 2021, Joe Bob Perkins, Director, executed a sale of 60,000 shares in Targa Resources (TRGP) for $2,250,177. Subsequent to the Form 4 filing with the SEC, Perkins has control over 1,015,936 shares of company stock of which 566,798 shares are held directly and 449,138 are controlled indirectly. These holdings have an approximate market value of $38.8 million as of the prior-day closing price.

In the 90 days prior to the date of this filing, there have been 6 insider transactions reported to the SEC for Targa Resources. These transactions came from the activities of 2 different insiders that resulted in a net disposition of 186,316 company shares. In the preceding 90-day window of time, there were 41 transactions from 20 insiders and resulted in the net acquisition of 423,160 shares.

This is lower than the average level of insider transactions in the 55-company Oil & Gas Transportation Services peer group over the last 90-day period. Within the peer group activity averaged 71.8 transactions per company, with company insiders acquiring on average 1,169,862 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1389170/000089924321018972/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.