Insider Selling: Summit Midstream Corporation (NYSE:SMC) CEO Sells 1,000 Shares of Stock

Posted by James Conley on Jan 5th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $36.52, for a total transaction of $36,520.00. Following the completion of the transaction, the chief executive officer now directly owns 258,006 shares of the company’s stock, valued at $9,422,379.12. This trade represents a 0.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

On Thursday, January 2nd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.49, for a total transaction of $37,490.00.
On Thursday, December 26th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $36.19, for a total transaction of $36,190.00.
On Monday, December 23rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $34.94, for a total transaction of $34,940.00.
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 stock was 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 transaction 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 transaction 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 shares were sold at an average price of $37.78, for a total transaction of $37,780.00.

Summit Midstream Price Performance

SMC opened at $38.00 on Friday. Summit Midstream Corporation has a one year low of $15.56 and a one year high of $40.75. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.33 and a quick ratio of 1.33. The firm’s 50 day moving average is $36.16. The company has a market capitalization of $404.66 million, a PE ratio of -2.97 and a beta of 2.39.

Institutional Trading of Summit Midstream

Several hedge funds have recently modified their holdings of SMC. Barclays PLC bought a new stake in shares of Summit Midstream during the third quarter valued at approximately $194,000. Jane Street Group LLC bought a new stake in shares of Summit Midstream during the third quarter valued at approximately $227,000. Valeo Financial Advisors LLC bought a new stake in shares of Summit Midstream during the third quarter valued at approximately $529,000. Pekin Hardy Strauss Inc. bought a new stake in shares of Summit Midstream during the third quarter valued at approximately $1,311,000. Finally, Fractal Investments LLC bought a new stake in shares of Summit Midstream during the third quarter valued at approximately $1,576,000. 42.97% of the stock is owned by institutional investors.

Summit Midstream Company Profile

(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.