Insider Selling: Summit Midstream Corporation (NYSE:SMC) CEO Sells $36,520.00 in Stock

Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $36.52, for a total transaction of $36,520.00. Following the completion of the sale, the chief executive officer now owns 258,006 shares of the company’s stock, valued at approximately $9,422,379.12. This trade represents a 0.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Thursday, January 2nd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.49, for a total transaction of $37,490.00.
• On Thursday, December 26th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were 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 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 transaction of $34,970.00.
• On Wednesday, December 18th, 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 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 shares were 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 shares were sold at an average price of $37.09, for a total transaction 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 transaction of $37,220.00.
• On Friday, December 6th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.78, for a total transaction of $37,780.00.

Summit Midstream Stock Up 0.5 %

Summit Midstream stock opened at $38.00 on Friday. The firm’s fifty day moving average is $36.16. 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 12 month low of $15.56 and a 12 month high of $40.75. The stock has a market cap of $404.66 million, a PE ratio of -2.97 and a beta of 2.39.

Hedge Funds Weigh In On Summit Midstream

Several institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC bought a new stake in Summit Midstream in the third quarter worth $194,000. Jane Street Group LLC bought a new stake in Summit Midstream during the third quarter valued at about $227,000. Valeo Financial Advisors LLC bought a new stake in Summit Midstream during the third quarter valued at about $529,000. Pekin Hardy Strauss Inc. bought a new stake in Summit Midstream during the third quarter valued at about $1,311,000. Finally, Fractal Investments LLC acquired a new position in shares of Summit Midstream during the third quarter valued at about $1,576,000. 42.97% of the stock is currently 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.