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

Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $36.85, for a total transaction of $36,850.00. Following the completion of the sale, the chief executive officer now directly owns 279,006 shares of the company’s stock, valued at $10,281,371.10. The trade was a 0.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, November 25th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.16, for a total transaction of $37,160.00.
• On Friday, November 22nd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $35.74, for a total transaction of $35,740.00.
• On Wednesday, November 20th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $35.82, for a total transaction of $35,820.00.
• On Monday, November 18th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $35.54, for a total transaction of $35,540.00.
• On Friday, November 15th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $35.61, for a total transaction of $35,610.00.

Summit Midstream Stock Up 0.9 %

Shares of NYSE:SMC opened at $37.79 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.20. Summit Midstream Corporation has a fifty-two week low of $15.56 and a fifty-two week high of $40.75. The firm’s 50-day simple moving average is $35.64. The company has a market cap of $402.46 million, a P/E ratio of -2.95 and a beta of 2.35.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC bought a new position in Summit Midstream in the 3rd quarter worth about $194,000. Jane Street Group LLC bought a new position in Summit Midstream in the 3rd quarter worth about $227,000. Valeo Financial Advisors LLC bought a new position in Summit Midstream in the 3rd quarter worth about $529,000. Pekin Hardy Strauss Inc. bought a new position in Summit Midstream in the 3rd quarter worth about $1,311,000. Finally, Fractal Investments LLC bought a new position in Summit Midstream in the 3rd quarter worth about $1,576,000. 42.97% of the stock is owned by institutional investors and hedge funds.

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.