Summit Midstream Corporation (NYSE:SMC - Get Free Report) CEO J Heath Deneke sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $36.19, for a total value of $36,190.00. Following the transaction, the chief executive officer now owns 260,006 shares in the company, valued at $9,409,617.14. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
J Heath Deneke also recently made the following trade(s):
- 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 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 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 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 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 stock was sold at an average price of $37.22, for a total value 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.
- On Wednesday, December 4th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.43, for a total transaction of $37,430.00.
- On Monday, December 2nd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.80, for a total value of $37,800.00.
Summit Midstream Stock Up 0.4 %
NYSE:SMC traded up $0.14 during mid-day trading on Friday, hitting $36.48. 24,355 shares of the company traded hands, compared to its average volume of 53,585. 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 company has a fifty day moving average of $35.91. The company has a market cap of $388.48 million, a price-to-earnings ratio of -2.85 and a beta of 2.39. Summit Midstream Corporation has a one year low of $15.56 and a one year high of $40.75.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in SMC. Barclays PLC bought a new stake in shares of Summit Midstream during the 3rd quarter valued at $194,000. Geode Capital Management LLC bought a new stake in Summit Midstream during the third quarter valued at about $3,313,000. Jane Street Group LLC bought a new stake in Summit Midstream during the third quarter valued at about $227,000. Virtus Fund Advisers LLC purchased a new position in shares of Summit Midstream in the third quarter valued at about $3,794,000. Finally, Pekin Hardy Strauss Inc. bought a new position in shares of Summit Midstream in the third quarter worth about $1,311,000. 42.97% of the stock is owned by hedge funds and other institutional investors.
About Summit Midstream
(
Get Free Report)
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.
See Also
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