James Whalen - Targa Resources Executive Chairman
| TRGP Stock | USD 204.30 2.91 1.44% |
Chairman
Mr. James W. Whalen redesignated as Director of the Company with effective March 1, 2020. He is no longer Executive Chairman of the Board of Targa Resources Corporationrationwith effective March 1, 2020. Mr. Whalen has served as Executive Chairman of the Board of the Company and the General Partner since January 1, 2015. Mr. Whalen has also served as a director of the Company since its formation on October 27, 2005 and of the General Partner since February 2007. He also served as director of an affiliate of the Company during 2004 and 2005. Mr. Whalen previously served as Advisor to Chairman and CEO of the Company and the General Partner between January 1, 2012 and December 31, 2014. He served as Executive Chairman of the Board of the Company between October 25, 2010 and December 31, 2011 and of the General Partner between December 15, 2010 and December 31, 2011. He also served as PresidentFinance and Administration of the Company between January 2006 and October 2010 and the General Partner between October 2006 and December 2010 and for various Targa subsidiaries since November 2005. Between October 2002 and October 2005, Mr. Whalen served as the Senior Vice President and Chief Financial Officer of Parker Drilling Company. Between January 2002 and October 2002, he was the Chief Financial Officer of Diversified Diagnostic Products, Inc. He served as Chief Commercial Officer of Coral from February 1998 through January 2000. Previously, he served as Chief Financial Officer for Tejas from 1992 to 1998 since 2020.
| Age | 78 |
| Tenure | 4 years |
| Phone | 713 584 1000 |
| Web | https://www.targaresources.com |
James Whalen Latest Insider Activity
Tracking and analyzing the buying and selling activities of James Whalen against Targa Resources stock is an integral part of due diligence when investing in Targa Resources. James Whalen insider activity provides valuable insight into whether Targa Resources is net buyers or sellers over its current business cycle. Note, Targa Resources insiders must abide by specific rules, including filing SEC forms every time they buy or sell Targa Resources'shares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.
James Whalen over two weeks ago Disposition of 2378 shares by James Whalen of Shift4 Payments at 100.77 subject to Rule 16b-3 | ||
James Whalen over three months ago Disposition of 334 shares by James Whalen of CommVault Systems at 69.61 subject to Rule 16b-3 | ||
James Whalen over a year ago Sale by James Whalen of 334 shares of CommVault Systems | ||
James Whalen over a year ago Sale by James Whalen of 1305 shares of CommVault Systems |
Targa Resources Management Efficiency
The company has return on total asset (ROA) of 0.0781 % which means that it generated a profit of $0.0781 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.3389 %, meaning that it created $0.3389 on every $100 dollars invested by stockholders. Targa Resources' management efficiency ratios could be used to measure how well Targa Resources manages its routine affairs as well as how well it operates its assets and liabilities.Similar Executives
| Found 4 records | CHAIRMAN Age | ||
| Greg Armstrong | Plains All American | 60 | |
| John Hess | Hess Midstream Partners | 70 | |
| Glenn Vangolen | Western Midstream Partners | 61 | |
| Michael Hennigan | MPLX LP | 65 | |
Management Performance
| Return On Equity | 0.34 | ||||
| Return On Asset | 0.0781 |
Targa Resources Leadership Team
Elected by the shareholders, the Targa Resources' board of directors comprises two types of representatives: Targa Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Targa. The board's role is to monitor Targa Resources' management team and ensure that shareholders' interests are well served. Targa Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Targa Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
| G White, Executive Vice President - Operations | ||
| D Pryor, Executive Vice President - Logistics and Marketing | ||
| Clark White, Executive Vice President - Engineering and Operations | ||
| Joel Thomas, Senior Treasurer | ||
| Julie Boushka, Senior Vice President Chief Accounting Officer | ||
| Denny Latham, Executive Partner | ||
| James Whalen, Executive Chairman | ||
| Ershel Redd, Independent Director | ||
| Sanjay CFA, Vice Relations | ||
| Robert Evans, Independent Director | ||
| Scott Pryor, Executive Vice President - Logistics and Marketing | ||
| Jennifer Kneale, President Administration | ||
| Gerald Shrader, General VP | ||
| Waters Davis, Independent Director | ||
| Patrick McDonie, Executive Vice President - Southern Field Gathering and Processing | ||
| Sanjay Lad, Vice Relations | ||
| William Byers, Executive CFO | ||
| Robert Muraro, Executive Vice President - Commercial | ||
| Charles Crisp, Independent Director | ||
| Lindsey Cooksen, Independent Director | ||
| Matthew Meloy, Chief Executive Officer, Director | ||
| Regina Gregory, General Partner, Executive Vice President General Counsel, Secretary | ||
| Laura Fulton, Independent Director | ||
| Paul Chung, Executive Vice President General Counsel, Secretary | ||
| Christopher Eklof, VP Controller | ||
| Joe Perkins, CEO and Director | ||
| Rene Joyce, Executive Chairman of Directors | ||
| Beth Bowman, Independent Director | ||
| Chris Tong, Independent Director |
Targa Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Targa Resources a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.34 | ||||
| Return On Asset | 0.0781 | ||||
| Profit Margin | 0.08 % | ||||
| Operating Margin | 0.19 % | ||||
| Current Valuation | 58.76 B | ||||
| Shares Outstanding | 218.06 M | ||||
| Shares Owned By Insiders | 1.40 % | ||||
| Shares Owned By Institutions | 92.00 % | ||||
| Number Of Shares Shorted | 3.3 M | ||||
| Price To Earning | 75.42 X |
Pair Trading with Targa Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Targa Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Targa Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Targa Stock
| 0.62 | AM | Antero Midstream Partners | PairCorr |
| 0.96 | EE | Excelerate Energy | PairCorr |
| 0.92 | ET | Energy Transfer LP Aggressive Push | PairCorr |
| 0.76 | DLNG | Dynagas LNG Partners | PairCorr |
Moving against Targa Stock
| 0.76 | LPG | Dorian LPG | PairCorr |
| 0.74 | GEL | Genesis Energy LP | PairCorr |
| 0.65 | FRO | Frontline | PairCorr |
| 0.57 | TK | Teekay | PairCorr |
| 0.45 | DHT | DHT Holdings | PairCorr |
The ability to find closely correlated positions to Targa Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Targa Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Targa Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Targa Resources to buy it.
The correlation of Targa Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Targa Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Targa Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Targa Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Targa Stock Analysis
When running Targa Resources' price analysis, check to measure Targa Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Targa Resources is operating at the current time. Most of Targa Resources' value examination focuses on studying past and present price action to predict the probability of Targa Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Targa Resources' price. Additionally, you may evaluate how the addition of Targa Resources to your portfolios can decrease your overall portfolio volatility.