Targa Resources (NYSE:TRGP) Insider Patrick Mcdonie Sells 31,537 Shares

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Patrick Mcdonie, an insider at Targa Resources (NYSE:TRGP), sold 31,537 shares of the company’s stock on March 2nd for approximately $7.55 million, reducing his position by 9.37%. Targa Resources recently reported strong quarterly earnings, beating analyst estimates with $2.51 EPS on $4.06 billion in revenue. The company also declared a quarterly dividend of $1.00 per share and has an average “Moderate Buy” rating from analysts with a consensus target price of $240.79.

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