Summit Midstream Corporation (NYSE:SMC) CEO Sells $44,280.00 in Stock

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 Friday, February 28th. The shares were sold at an average price of $44.28, for a total transaction of $44,280.00. Following the transaction, the chief executive officer now owns 241,326 shares in the company, valued at $10,685,915.28. The trade was a 0.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, March 5th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $40.55, for a total transaction of $40,550.00.
• On Monday, March 3rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $43.50, for a total transaction of $43,500.00.
• On Wednesday, February 26th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $41.96, for a total transaction of $41,960.00.
• On Monday, February 24th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $42.63, for a total transaction of $42,630.00.
• On Thursday, February 20th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $44.23, for a total transaction of $44,230.00.
• On Tuesday, February 18th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $44.98, for a total transaction of $44,980.00.
• On Friday, February 14th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $44.20, for a total transaction of $44,200.00.
• On Wednesday, February 12th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $43.80, for a total transaction of $43,800.00.
• On Monday, February 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $43.43, for a total transaction of $43,430.00.
• On Friday, February 7th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.67, for a total transaction of $42,670.00.

Summit Midstream Stock Down 3.2 %

Shares of NYSE:SMC traded down $1.28 during midday trading on Thursday, reaching $39.20. The company's stock had a trading volume of 93,679 shares, compared to its average volume of 71,877. The firm has a market capitalization of $417.39 million, a price-to-earnings ratio of -3.06 and a beta of 2.28. Summit Midstream Corporation has a twelve month low of $31.81 and a twelve month high of $45.89. The firm has a fifty day moving average price of $41.13. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.33 and a quick ratio of 1.33.

Hedge Funds Weigh In On Summit Midstream

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets purchased a new position in Summit Midstream during the fourth quarter valued at $57,000. Tower Research Capital LLC TRC lifted its holdings in Summit Midstream by 1,106.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,112 shares of the company's stock valued at $118,000 after purchasing an additional 2,854 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Summit Midstream by 18.9% during the fourth quarter. Cetera Investment Advisers now owns 21,856 shares of the company's stock valued at $826,000 after purchasing an additional 3,472 shares in the last quarter. Jane Street Group LLC lifted its holdings in Summit Midstream by 56.8% during the fourth quarter. Jane Street Group LLC now owns 10,163 shares of the company's stock valued at $384,000 after purchasing an additional 3,680 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Summit Midstream during the fourth quarter valued at $159,000. 42.97% of the stock is owned by hedge funds and other institutional investors.

About Summit Midstream

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.