Perkins Joe Bob

Director Joe Bob Perkins sold 150,000 shares of TRGP at $155.53 for $23.3M, reducing stake by -57.6%

Director Perkins executed a substantial reduction of his Targa Resources position, divesting 150,000 shares (150.0K shares) at $155.53 on 2024-09-24 for $23,329,500.00 ($23.3M), which represented -57.6% of his pre-transaction holdings. The sale occurred near the 52-week high (current price is -6.5% below the $156.46 high), and his prior trades at TRGP have not demonstrated well-timed sell execution—0 of 3 prior measurable sales at this ticker were followed by declines. The company's annual revenue contracted -23.3% year-over-year, and the stock trades at a P/E of 29.32, which context suggests the director's decision to reduce stake should be monitored for whether it precedes further deterioration in operating trends or simply reflects portfolio rebalancing decisions unrelated to fundamental outlook.

Director Joe Bob Perkins sold 39,000 TRGP shares for $5.4M at $139.18 blended avg on 2024-08-14

Joe Bob Perkins, Director at Targa Resources Corp., executed two separate sales totaling 39,000 shares on 2024-08-14, reducing his holdings by 66.6% from 58,600 to 19,600 shares. The $5.4M sale occurred at an average price of $139.18, near the stock's 52-week high of $142.83 and well above the current price of $142.46, suggesting favorable exit pricing. His prior four sales at TRGP showed no well-timed outcomes (0 of 4 prior sells), with the most recent batch on 2024-02-22 returning +13.7% to +13.9% over 90 days—indicating he sold before subsequent gains, not before declines. The substantial reduction in stake alongside a consistent pattern of selling into positive price momentum warrants monitoring of whether this reflects adjusted portfolio allocation or market-timing intent.