On December 2, 2024, Robert Muraro, Chief Commercial Officer of Targa Resources Partners LP, executed a sale of 2,500 shares of Targa Resources Corp (TRGP, Financial). Following this transaction, the insider now holds 171,951 shares of the company.
Targa Resources Corp is a provider of midstream natural gas and natural gas liquids services. The company operates in the gathering, compressing, treating, processing, and selling of natural gas, as well as the storing, fractionating, treating, transporting, and selling of natural gas liquids and natural gas liquids products.
Over the past year, Robert Muraro has sold a total of 60,000 shares and has not made any purchases. The insider transaction history for Targa Resources Corp indicates that there have been no insider buys and 36 insider sells over the same period.
On the day of the recent sale, shares of Targa Resources Corp were trading at $202.29, giving the stock a market cap of $42,986.837 million. The company's price-earnings ratio stands at 35.65, which is higher than the industry median of 11.655 but lower than the company's historical median price-earnings ratio.
With a trading price of $202.29 and a GF Value of $79.58, Targa Resources Corp has a price-to-GF-Value ratio of 2.54, indicating that the stock is significantly overvalued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated using historical multiples, a GuruFocus adjustment factor, and future estimates of business performance from Morningstar analysts.
For more details on the transaction, refer to the SEC Filing.
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.
