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 firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $35.82, for a total value of $35,820.00. Following the sale, the chief executive officer now directly owns 284,006 shares in the company, valued at $10,173,094.92. This trade represents a 0.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Friday, November 22nd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $35.74, for a total value of $35,740.00.
• 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.
• 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 value of $35,610.00.

Summit Midstream Trading Up 3.8 %

NYSE:SMC opened at $37.35 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.33 and a current ratio of 1.33. Summit Midstream Corporation has a 1-year low of $15.56 and a 1-year high of $40.75. The firm has a fifty day moving average price of $35.54.

Hedge Funds Weigh In On Summit Midstream

Large investors have recently modified their holdings of the business. Valeo Financial Advisors LLC acquired a new position in Summit Midstream during the third quarter worth $529,000. Fractal Investments LLC acquired a new position in Summit Midstream during the third quarter worth $1,576,000. Pekin Hardy Strauss Inc. acquired a new position in Summit Midstream during the third quarter worth $1,311,000. Virtus Fund Advisers LLC acquired a new position in Summit Midstream during the third quarter worth $3,794,000. Finally, Jane Street Group LLC acquired a new position in Summit Midstream during the third quarter worth $227,000. 42.97% of the stock is owned by hedge funds and other 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.