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Targa Resources Corp.: what insiders have been doing
Targa Resources Corp., classified in the Energy sector, is a listed company based in United States. Its insiders report their share dealings to SEC (Form 4). Between 18 October 2025 and 18 October 2026, 24 insiders published 54 filings.
No insider bought on the market over the period, while 9 insiders filed 16 sales totalling €22.6M. The largest single trade was a sale of €6.2M by McDonie Patrick J., published on 4 March 2026.
Between a trade and the moment it shows up on SEC (Form 4), the median delay is 4 days. US insiders must file a Form 4 within two business days of a trade. Keep in mind that insiders sell for many reasons unrelated to the outlook, from tax bills to estate planning.
Across the 5,814 companies tracked on its exchange, the median is 19 filings; at 54 filings, this issuer sits above that mark. Since 2016, the database holds no purchases and 113 sales by insiders of the company. On the fundamentals side, the SEC filing (10-K) for the period ending 31 December 2025 lists revenue at 17.03 bn USD and net income at 1.92 bn USD; the dividend was 3.75 USD per share.
In the same sector, recent insider purchases at RGC Resources Inc and Empire Petroleum Corp also feature in our signals. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.
Insider Decl.
325
Thresholds
n/a
Buy Volume
n/a
n/a
Sell Volume
€125M
113 ops. · all time
Who traded when
BuySaleWaters S. Davis IV7 sales
Paul W. Chung4 sales
Pryor D. Scott4 sales
Charles R. Crisp3 sales
Boushka Julie H.2 sales
Cooksen Lindsey2 sales
+5 other insiders
Analyst consensus: bullish or bearish?
Analysts rate Targa Resources Corp. Strong Buy (bullish), based on 21 analysts. Average price target: US$328.10.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 11,772 of 24,158 companies
52.2
score / 100
Value43
Quality61
FCF yld1.0%
Earn yld3.2%
EV/EBITDA16.1x
ROE71%
Gross mgn29%
Net mgn11%
Debt/EBITDA3.6x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$282.55
Analyst consensus
21 analystsStrong buy
US$294.00Target US$328.10(+16%)US$359.00
Income statement
RevenueUS$17B
Gross profitUS$5B29% margin
EBITDAUS$4.9B29% margin
Net incomeUS$1.9B13.5% margin
Valuation
PER (trailing)27.2x
PER (forward)23.5x
P/Book16.6x
Beta0.80
Balance sheet & cash
Market capUS$60.6B
Total debtUS$17.5B
Free Cash FlowUS$584.1M
Debt / Equity516%
Profitability & ownership
ROE70.8%
ROA9.2%
% insiders1.4%
% institutions97.5%
Last declaration on 8 September 2026
Declarations325 total
8,370 shares0Common StockSEC:0001193125-26-385252:0
10,000 shares0Common StockSEC:0001193125-26-382043:0
1,000 shares@ US$295.3810.0005% mcap13.4% of flowCommon StockSEC:0001193125-26-381957:0
816 shares@ US$297.000.0004% mcap11.0% of flowCommon StockSEC:0001193125-26-381957:1
5,816 shares@ US$286.910.0028% mcap75.5% of flowCommonSEC144:0001949846-26-000544
1,200 shares0Common StockSEC:0001193125-26-368712:0
3,000 shares@ US$290.230.0014% mcap100.0% of flowCommon StockSEC:0001193125-26-368712:1
3,000 shares@ US$290.230.0014% mcap100.0% of flowCommonSEC144:0001950047-26-008673
440 shares@ US$296.39450.0002% mcap9.0% of flowCommon StockSEC:0001193125-26-365206:0
692 shares@ US$297.37920.0003% mcap14.2% of flowCommon StockSEC:0001193125-26-365206:1
254 shares@ US$298.68090.0001% mcap5.2% of flowCommon StockSEC:0001193125-26-365206:2
154 shares@ US$300.1750.0001% mcap3.2% of flowCommon StockSEC:0001193125-26-365206:3
270 shares@ US$302.46870.0001% mcap5.7% of flowCommon StockSEC:0001193125-26-365206:4
590 shares@ US$303.81420.0003% mcap12.4% of flowCommon StockSEC:0001193125-26-365206:5
1,000 shares0Common StockSEC:0001193125-26-363663:0
2,400 shares@ US$302.250.0012% mcap50.2% of flowCommonSEC144:0001959173-26-006286
20,000 shares0Common StockSEC:0001193125-26-359254:0
1,718 shares@ US$270.370.0008% mcap36.1% of flowCommon StockSEC:0001193125-26-332926:0
1,346 shares@ US$270.370.0006% mcap30.9% of flowCommon StockSEC:0001193125-26-332932:0
578 shares@ US$270.370.0003% mcap44.8% of flowCommon StockSEC:0001193125-26-332928:0
477 shares0Common StockSEC:0001193125-26-314264:0
15,000 shares0Common StockSEC:0001193125-26-226937:0
6,000 shares0Common StockSEC:0001193125-26-221744:0
24,589 shares@ US$241.3428100.0% of flowCommon StockSEC:0001193125-26-096638:0
30,421 shares@ US$239.332100.0% of flowCommon StockSEC:0001193125-26-091631:0
25 of 325 declarations
About Targa Resources Corp.
Targa Resources Corp. (NYSE: TRGP) is a U.S.-listed midstream energy company headquartered in Houston, Texas, United States. For French-speaking investors, Targa stands out as a large, integrated North American infrastructure operator focused on natural gas, natural gas liquids (NGLs), transportation/logistics services, and, to a lesser extent, crude oil handling. The company describes itself as one of the largest independent infrastructure companies in North America, with a business model centered on moving hydrocarbons from production basins to domestic and export demand centers. ([targaresources.com](https://www.targaresources.com/about-us?utm_source=openai))
Founded in 2005, Targa has expanded through a mix of organic development and acquisitions. Its asset base is concentrated in key U.S. shale and resource plays, including the Permian Basin, Bakken Shale, Barnett Shale, Eagle Ford Shale, Anadarko Basin, Ardmore Basin, Arkoma Basin, and onshore Louisiana. This footprint gives the company exposure to some of the most active, lowest-cost hydrocarbon supply regions in the United States. ([targaresources.com](https://www.targaresources.com/about-us?utm_source=openai))
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Operationally, Targa reports two primary segments: Gathering and Processing, and Logistics and Transportation. Gathering and Processing includes gathering, compression, treating, processing, transportation, and the purchase and sale of natural gas, as well as crude oil gathering and terminaling. Logistics and Transportation covers NGL transportation, fractionation, storage, terminaling, and related marketing and export-facing services. This integrated structure is important because it allows Targa to capture value across the midstream chain rather than relying on a single fee stream. ([targaresources.com](https://www.targaresources.com/news-releases/news-release-details/targa-resources-corp-reports-record-fourth-quarter-and-full-0?utm_source=openai))
From a competitive standpoint, Targa has a strong position in the Permian Basin and meaningful access to NGL supply, which supports scale advantages and network connectivity. Its downstream business is connected to the U.S. domestic NGL hub and international demand, which helps diversify end markets. In practical terms, that makes Targa a relevant midstream platform for investors seeking exposure to U.S. energy infrastructure rather than direct commodity production. ([targaresources.com](https://www.targaresources.com/corporate-profile?utm_source=openai))
Recent company updates point to continued operational strength. In the first quarter of 2026, Targa reported record adjusted EBITDA of $1.4 billion and raised its full-year 2026 adjusted EBITDA outlook to $5.7 billion to $5.9 billion. In its full-year 2025 release, the company also indicated an expected $5.00 per share annual common dividend for 2026 and continued share repurchases. Those developments suggest a business with strong volume momentum, especially in the Permian, and a shareholder-return profile that remains active. ([targaresources.com](https://www.targaresources.com/news-releases/news-release-details/targa-resources-corp-reports-record-first-quarter-2026-financial?utm_source=openai))
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