Summit Midstream Corporation (NYSE:SMC) CEO Sells $35,610.00 in Stock

Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke sold 1,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $35.61, for a total transaction of $35,610.00. Following the completion of the sale, the chief executive officer now owns 287,006 shares in the company, valued at $10,220,283.66. This represents a 0.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, November 18th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $35.54, for a total transaction of $35,540.00.

Summit Midstream Price Performance

Shares of Summit Midstream stock opened at $36.03 on Wednesday. The stock’s 50 day moving average is $35.53. The firm has a market cap of $383.72 million, a P/E ratio of -2.81 and a beta of 2.35. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.33 and a quick ratio of 1.33. Summit Midstream Corporation has a 1 year low of $15.56 and a 1 year high of $40.75.

Hedge Funds Weigh In On Summit Midstream

Institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC purchased a new position in shares of Summit Midstream during the 3rd quarter worth $194,000. Jane Street Group LLC purchased a new stake in shares of Summit Midstream during the 3rd quarter valued at $227,000. Valeo Financial Advisors LLC acquired a new stake in shares of Summit Midstream during the 3rd quarter worth $529,000. Pekin Hardy Strauss Inc. purchased a new position in shares of Summit Midstream in the 3rd quarter worth $1,311,000. Finally, Fractal Investments LLC acquired a new position in 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.

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.