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

Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $34.97, for a total value of $34,970.00. Following the completion of the sale, the chief executive officer now directly owns 263,006 shares of the company’s stock, valued at approximately $9,197,319.82. The trade was a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, December 23rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $34.94, for a total value of $34,940.00.
• On Wednesday, December 18th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $35.18, for a total transaction of $35,180.00.
• On Monday, December 16th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $35.18, for a total transaction of $35,180.00.
• On Friday, December 13th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $35.95, for a total value of $35,950.00.
• On Wednesday, December 11th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.09, for a total value of $37,090.00.
• On Monday, December 9th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.22, for a total transaction of $37,220.00.
• On Friday, December 6th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.78, for a total transaction of $37,780.00.
• On Wednesday, December 4th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.43, for a total transaction of $37,430.00.
• On Monday, December 2nd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.80, for a total value of $37,800.00.
• On Friday, November 29th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.20, for a total value of $37,200.00.

Summit Midstream Stock Up 0.2 %

Shares of NYSE:SMC traded up $0.06 during trading on Monday, reaching $35.00. 65,474 shares of the company traded hands, compared to its average volume of 53,614. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.33 and a quick ratio of 1.33. Summit Midstream Corporation has a 52 week low of $15.56 and a 52 week high of $40.75. The company has a market capitalization of $372.72 million, a price-to-earnings ratio of -2.73 and a beta of 2.39. The business’s 50 day moving average price is $35.91.

Institutional Investors Weigh In On Summit Midstream

Several institutional investors and hedge funds have recently bought and sold shares of SMC. Virtus Fund Advisers LLC bought a new position in Summit Midstream in the 3rd quarter valued at about $3,794,000. Geode Capital Management LLC acquired a new stake in shares of Summit Midstream during the 3rd quarter worth approximately $3,313,000. Fractal Investments LLC bought a new position in Summit Midstream in the third quarter valued at approximately $1,576,000. Pekin Hardy Strauss Inc. acquired a new position in Summit Midstream during the third quarter valued at approximately $1,311,000. Finally, Valeo Financial Advisors LLC bought a new stake in Summit Midstream during the third quarter worth $529,000. Institutional investors own 42.97% of the company’s stock.

About Summit Midstream

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.