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 on Monday, January 6th. The shares were sold at an average price of $37.81, for a total transaction of $37,810.00. Following the sale, the chief executive officer now directly owns 254,006 shares in the company, valued at approximately $9,603,966.86. The trade was a 0.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 Monday, December 30th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $36.52, for a total value 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 value 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 value of $34,940.00.
• On Friday, December 20th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was 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 stock was sold at an average price of $35.18, for a total value 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 value 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.

Summit Midstream Price Performance

Shares of NYSE:SMC traded down $0.06 during trading hours on Tuesday, hitting $37.81. 35,219 shares of the company’s stock traded hands, compared to its average volume of 58,780. 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 simple moving average of $36.21. The firm has a market cap of $402.64 million, a price-to-earnings ratio of -2.95 and a beta of 2.37. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.20.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SMC. Barclays PLC bought a new stake in shares of Summit Midstream in the 3rd quarter valued at about $194,000. Jane Street Group LLC purchased a new position in Summit Midstream during the third quarter valued at approximately $227,000. Valeo Financial Advisors LLC bought a new position in Summit Midstream in the third quarter worth approximately $529,000. Pekin Hardy Strauss Inc. purchased a new stake in Summit Midstream during the third quarter worth $1,311,000. Finally, Fractal Investments LLC bought a new stake in Summit Midstream during the 3rd 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.