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

Posted by James Conley on Dec 26th, 2024

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $34.94, for a total value of $34,940.00. Following the sale, the chief executive officer now directly owns 262,006 shares of the company’s stock, valued at approximately $9,154,489.64. This represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

On Friday, December 20th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $34.97, for a total transaction of $34,970.00.
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 shares were 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 stock was 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 shares were sold at an average price of $37.22, for a total value 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 value of $37,780.00.
On Wednesday, December 4th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was 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 shares were sold at an average price of $37.80, for a total transaction 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 transaction of $37,200.00.

Summit Midstream Trading Up 0.6 %

Shares of Summit Midstream stock opened at $35.20 on Thursday. The firm has a 50-day moving average of $35.89. Summit Midstream Corporation has a 12-month low of $15.56 and a 12-month high of $40.75. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market capitalization of $374.84 million, a PE ratio of -2.75 and a beta of 2.39.

Hedge Funds Weigh In On Summit Midstream

Several hedge funds have recently bought and sold shares of SMC. Valeo Financial Advisors LLC purchased a new stake in Summit Midstream during the third quarter worth $529,000. Fractal Investments LLC purchased a new position in shares of Summit Midstream in the third quarter valued at $1,576,000. Pekin Hardy Strauss Inc. acquired a new position in shares of Summit Midstream during the 3rd quarter worth $1,311,000. Virtus Fund Advisers LLC purchased a new stake in shares of Summit Midstream in the 3rd quarter worth about $3,794,000. Finally, Jane Street Group LLC acquired a new stake in Summit Midstream in the 3rd quarter valued at about $227,000. 42.97% of the stock is owned by hedge funds and other institutional investors.

About Summit Midstream

(Get Free Report)

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.