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 business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $37.47, for a total transaction of $37,470.00. Following the completion of the sale, the chief executive officer now directly owns 231,326 shares in the company, valued at $8,667,785.22. This trade represents a 0.43 % decrease in their position. 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 Wednesday, March 12th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $38.04, for a total transaction of $38,040.00.
• On Monday, March 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $38.52, for a total transaction of $38,520.00.
• On Friday, March 7th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $39.23, for a total transaction of $39,230.00.
• On Wednesday, March 5th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $40.55, for a total transaction of $40,550.00.
• On Monday, March 3rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $43.50, for a total transaction of $43,500.00.
• On Friday, February 28th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $44.28, for a total transaction of $44,280.00.
• On Wednesday, February 26th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $41.96, for a total transaction of $41,960.00.
• On Monday, February 24th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.63, for a total transaction of $42,630.00.
• On Thursday, February 20th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $44.23, for a total transaction of $44,230.00.
• On Tuesday, February 18th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $44.98, for a total transaction of $44,980.00.

Summit Midstream Stock Up 1.8 %

Shares of NYSE:SMC opened at $37.50 on Friday. Summit Midstream Corporation has a 12 month low of $31.81 and a 12 month high of $45.89. The company’s 50-day moving average price is $41.19 and its two-hundred day moving average price is $37.90. 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 firm has a market cap of $399.28 million, a P/E ratio of -2.93 and a beta of 2.28.

Summit Midstream (NYSE:SMC) last issued its quarterly earnings data on Monday, March 10th. The company reported ($2.19) EPS for the quarter. Summit Midstream had a positive return on equity of 0.71% and a negative net margin of 23.01%. The company had revenue of $107.02 million for the quarter.

Institutional Investors Weigh In On Summit Midstream

Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets acquired a new position in Summit Midstream during the 4th quarter valued at about $57,000. Tower Research Capital LLC TRC lifted its position in Summit Midstream by 1,106.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,112 shares of the company’s stock valued at $118,000 after purchasing an additional 2,854 shares during the period. Cetera Investment Advisers lifted its position in Summit Midstream by 18.9% during the 4th quarter. Cetera Investment Advisers now owns 21,856 shares of the company’s stock valued at $826,000 after purchasing an additional 3,472 shares during the period. Jane Street Group LLC lifted its position in Summit Midstream by 56.8% during the 4th quarter. Jane Street Group LLC now owns 10,163 shares of the company’s stock valued at $384,000 after purchasing an additional 3,680 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Summit Midstream during the 4th quarter valued at about $159,000. 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.