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 company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $37.63, for a total transaction of $37,630.00. Following the sale, the chief executive officer now directly owns 250,006 shares of the company’s stock, valued at approximately $9,407,725.78. This represents a 0.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Friday, January 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.60, for a total value of $37,600.00.
• On Wednesday, January 8th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.50, for a total value of $37,500.00.
• On Monday, January 6th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.81, for a total value of $37,810.00.
• On Thursday, January 2nd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.49, for a total value of $37,490.00.
• On Monday, December 30th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $36.52, for a total transaction of $36,520.00.
• On Thursday, December 26th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $36.19, for a total transaction of $36,190.00.
• On Monday, December 23rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was 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 value of $35,180.00.

Summit Midstream Trading Down 0.5 %

Shares of SMC opened at $37.54 on Wednesday. The firm has a 50-day moving average of $36.62. Summit Midstream Corporation has a 12-month low of $15.56 and a 12-month high of $40.75. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market cap of $399.76 million, a price-to-earnings ratio of -2.93 and a beta of 2.37.

Institutional Investors Weigh In On Summit Midstream

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC purchased a new position in shares of Summit Midstream during the 3rd quarter worth approximately $194,000. Jane Street Group LLC purchased a new position in shares of Summit Midstream during the third quarter worth $227,000. Valeo Financial Advisors LLC acquired a new stake in shares of Summit Midstream in the third quarter valued at $529,000. Pekin Hardy Strauss Inc. purchased a new stake in shares of Summit Midstream in the 3rd quarter valued at $1,311,000. Finally, Fractal Investments LLC acquired a new position in Summit Midstream during the 3rd quarter worth about $1,576,000. 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.