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 stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $36.19, for a total value of $36,190.00. Following the completion of the sale, the chief executive officer now owns 260,006 shares of the company’s stock, valued at approximately $9,409,617.14. This trade represents a 0.38 % decrease in their position. The transaction 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 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 shares were sold at an average price of $34.97, for a total value 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 value of $35,180.00.
• On Monday, December 16th, 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 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 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 shares were 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.

Summit Midstream Trading Up 0.4 %

NYSE SMC opened at $36.48 on Monday. The stock has a 50-day moving average price of $35.91. The company has a market cap of $388.48 million, a PE ratio of -2.85 and a beta of 2.39. 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 52 week low of $15.56 and a 52 week high of $40.75.

Hedge Funds Weigh In On Summit Midstream

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SMC. Fractal Investments LLC acquired a new position in Summit Midstream during the 3rd quarter worth $1,576,000. Virtus Fund Advisers LLC bought a new stake in shares of Summit Midstream during the third quarter valued at about $3,794,000. Valeo Financial Advisors LLC acquired a new stake in Summit Midstream in the third quarter worth about $529,000. Pekin Hardy Strauss Inc. bought a new position in Summit Midstream in the 3rd quarter valued at about $1,311,000. Finally, Barclays PLC acquired a new position in Summit Midstream during the 3rd quarter valued at about $194,000. 42.97% of the stock is owned by institutional investors.

Summit Midstream Company Profile

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.