Insider Selling: Summit Midstream Corporation (NYSE:SMC) CEO Sells 1,000 Shares of Stock

Summit Midstream Corporation (NYSE:SMC - Get Free Report) CEO J Heath Deneke sold 1,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $41.04, for a total value of $41,040.00. Following the transaction, the chief executive officer now directly owns 259,326 shares of the company's stock, valued at approximately $10,642,739.04. The trade was a 0.38 % decrease in their ownership of the stock. 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 Friday, January 31st, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $41.49, for a total value of $41,490.00.
• On Wednesday, January 29th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $40.88, for a total transaction of $40,880.00.
• On Monday, January 27th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $40.80, for a total transaction of $40,800.00.
• On Thursday, January 23rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $42.86, for a total value of $42,860.00.
• On Tuesday, January 21st, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.06, for a total transaction of $42,060.00.
• On Friday, January 17th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $40.11, for a total value of $40,110.00.
• On Wednesday, January 15th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.98, for a total transaction of $37,980.00.
• On Monday, January 13th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.63, for a total transaction of $37,630.00.
• On Friday, January 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.60, for a total value of $37,600.00.
• On Wednesday, January 8th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.50, for a total value of $37,500.00.

Summit Midstream Stock Up 0.8 %

NYSE SMC traded up $0.33 during trading on Wednesday, hitting $43.04. The company's stock had a trading volume of 81,557 shares, compared to its average volume of 78,533. Summit Midstream Corporation has a 52 week low of $15.70 and a 52 week high of $43.99. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.20. The firm has a market cap of $458.41 million, a price-to-earnings ratio of -3.36 and a beta of 2.37. The business's 50 day moving average is $38.17.

Summit Midstream (NYSE:SMC - Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported ($15.28) EPS for the quarter. The company had revenue of $102.42 million for the quarter. Summit Midstream had a negative net margin of 23.01% and a positive return on equity of 0.71%.

Institutional Investors Weigh In On Summit Midstream

Several hedge funds have recently made changes to their positions in the stock. Virtus Fund Advisers LLC bought a new position in shares of Summit Midstream during the 3rd quarter worth about $3,794,000. Geode Capital Management LLC acquired a new position in Summit Midstream in the third quarter worth about $3,313,000. Graham Capital Wealth Management LLC acquired a new stake in Summit Midstream during the fourth quarter valued at approximately $3,061,000. Empowered Funds LLC bought a new stake in shares of Summit Midstream in the 4th quarter valued at approximately $2,132,000. Finally, Fractal Investments LLC acquired a new stake in Summit Midstream in the 3rd quarter valued at $1,576,000. 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.