J Heath Deneke Sells 1,000 Shares of Summit Midstream Corporation (NYSE:SMC) Stock

Summit Midstream Corporation (NYSE:SMC - Get Free Report) CEO J Heath Deneke sold 1,000 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $35.95, for a total transaction of $35,950.00. Following the transaction, the chief executive officer now directly owns 268,006 shares of the company's stock, valued at $9,634,815.70. This trade represents a 0.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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.
• On Friday, December 6th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.78, for a total value of $37,780.00.
• On Wednesday, December 4th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.43, for a total value 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 transaction of $37,800.00.
• On Friday, November 29th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.20, for a total transaction of $37,200.00.
• On Wednesday, November 27th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $36.85, for a total transaction of $36,850.00.
• On Monday, November 25th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.16, for a total transaction of $37,160.00.
• On Friday, November 22nd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $35.74, for a total value of $35,740.00.
• On Wednesday, November 20th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $35.82, for a total transaction of $35,820.00.

Summit Midstream Trading Down 1.0 %

Shares of SMC stock traded down $0.38 on Friday, reaching $35.91. 76,944 shares of the company's stock were exchanged, compared to its average volume of 53,026. The business has a fifty day moving average of $35.99. Summit Midstream Corporation has a 52 week low of $15.56 and a 52 week high of $40.75. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.20. The company has a market cap of $382.41 million, a PE ratio of -2.80 and a beta of 2.39.

Institutional Trading of Summit Midstream

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC bought a new position in shares of Summit Midstream in the third quarter worth about $194,000. Geode Capital Management LLC purchased a new stake in Summit Midstream in the 3rd quarter valued at about $3,313,000. Jane Street Group LLC bought a new position in Summit Midstream in the 3rd quarter worth about $227,000. Virtus Fund Advisers LLC purchased a new position in shares of Summit Midstream during the third quarter worth approximately $3,794,000. Finally, Pekin Hardy Strauss Inc. purchased a new position in shares of Summit Midstream during the third quarter worth approximately $1,311,000. 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.

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