Chief Commercial Officer Robert Muraro of Targa Resources Corp (TRGP, Financial) executed a sale of 10,000 shares on June 10, 2024, according to a recent SEC Filing. Following this transaction, the insider now owns 196,951 shares of the company. The shares were sold at a price of $120.08, valuing the transaction at approximately $1,200,800.
Targa Resources Corp (TRGP, Financial) is a provider of midstream services and logistics for the natural gas and natural gas liquids markets. Its operations include gathering, compressing, treating, processing, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids and natural gas products.
Over the past year, Robert Muraro has sold a total of 47,500 shares of Targa Resources Corp and has not made any purchases. The company's insider transaction history shows a total of 27 insider sells and no insider buys over the same timeframe.
Shares of Targa Resources Corp were trading at $120.08 on the day of the transaction, giving the company a market cap of $26.85 billion. The price-earnings ratio stands at 24.92, which is above the industry median of 11.26.
The stock is currently considered Significantly Overvalued with a price-to-GF Value ratio of 1.63, based on a GF Value of $73.56. The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
