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

Posted by Chris Copeland on Jan 8th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $37.81, for a total value of $37,810.00. Following the transaction, the chief executive officer now directly owns 254,006 shares of the company’s stock, valued at approximately $9,603,966.86. This trade represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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 value of $37,490.00.
On Monday, December 30th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $36.52, for a total value of $36,520.00.
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 shares were 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 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 value 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.

Summit Midstream Stock Down 0.2 %

Summit Midstream stock opened at $37.81 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.20. The stock has a 50-day simple moving average of $36.28. Summit Midstream Corporation has a 52 week low of $15.56 and a 52 week high of $40.75. The stock has a market cap of $402.64 million, a price-to-earnings ratio of -2.95 and a beta of 2.37.

Institutional Trading of Summit Midstream

Several institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC purchased a new position in shares of Summit Midstream during the 3rd quarter worth approximately $194,000. Jane Street Group LLC acquired a new stake in Summit Midstream during the 3rd quarter valued at $227,000. Valeo Financial Advisors LLC purchased a new position in Summit Midstream during the third quarter worth $529,000. Pekin Hardy Strauss Inc. acquired a new position in shares of Summit Midstream in the third quarter worth $1,311,000. Finally, Fractal Investments LLC purchased a new stake in shares of Summit Midstream in the third quarter valued at $1,576,000. Hedge funds and other institutional investors own 42.97% of the company’s stock.

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.