Targa Resources (TRGP) Insiders Make Significant Share Sales Extending the Trend of Last Quarter
10:20 PM EDT, 05/11/2021 (MT Newswires) -- There was substantial level of selling of Targa Resources shares today, as revealed in filings with the SEC. Two insiders -- James W Whalen, Director, and Joe Bob Perkins, Director -- disposed of 105,000 shares in the company having a market value of approximately $3,937,677. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 105,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 210,000 shares and have averaged 52,500 shares per transaction over this time period.
Today's Insider Activity
Over the last 90 days, the number of insider buy/sell trades at Targa Resources is above its 55-company peer group average. The Oil & Gas Transportation Services peer group saw 13 buy/sell trades during this period for an average of 0.2 transactions per company. However, the number of shares traded per transaction by Targa Resources insiders is lower than its peers. Within the peer group there were 741,169 shares purchased and 2,963,966 shares sold with company insiders selling 170,984 shares on average over this time period.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to create and write this story.
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