Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke Sells 1,000 Shares

Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke sold 1,000 shares of Summit Midstream stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $35.54, for a total transaction of $35,540.00. Following the completion of the sale, the chief executive officer now owns 286,006 shares of the company’s stock, valued at $10,164,653.24. This represents a 0.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

J Heath Deneke also recently made the following trade(s):

• On Friday, November 15th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $35.61, for a total transaction of $35,610.00.

Summit Midstream Stock Performance

Shares of SMC stock traded down $0.11 during trading hours on Tuesday, reaching $36.03. The company had a trading volume of 60,998 shares, compared to its average volume of 50,960. The business has a fifty day moving average of $35.56. Summit Midstream Corporation has a one year low of $15.56 and a one year high of $40.75. The firm has a market capitalization of $383.72 million, a price-to-earnings ratio of -2.81 and a beta of 2.35. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.20.

Institutional Trading of Summit Midstream

Large investors have recently made changes to their positions in the stock. Barclays PLC bought a new stake in shares of Summit Midstream in the third quarter worth approximately $194,000. Jane Street Group LLC bought a new stake in Summit Midstream during the third quarter valued at approximately $227,000. Valeo Financial Advisors LLC bought a new position in Summit Midstream in the third quarter worth approximately $529,000. Pekin Hardy Strauss Inc. bought a new position in Summit Midstream in the third quarter worth approximately $1,311,000. Finally, Fractal Investments LLC bought a new stake in shares of Summit Midstream during the 3rd quarter valued at $1,576,000. 42.97% of the stock is currently owned by institutional investors.

Summit Midstream Company Profile

Summit Midstream Corporation focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. It operates natural gas, crude oil, and produced water gathering systems in four unconventional resource basins, including the Williston Basin in North Dakota, which includes the Bakken and Three Forks shale formations; the Denver-Julesburg Basin that consists of the Niobrara and Codell shale formations in Colorado and Wyoming; the Fort Worth Basin in Texas, which comprises the Barnett Shale formation; and the Piceance Basin in Colorado, which includes the Mesaverde formation, as well as the emerging Mancos and Niobrara Shale formations.