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 company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $44.98, for a total transaction of $44,980.00. Following the completion of the transaction, the chief executive officer now owns 249,326 shares in the company, valued at approximately $11,214,683.48. This represents a 0.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Thursday, February 20th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $44.23, for a total transaction of $44,230.00.
• 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.
• On Wednesday, February 5th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.78, for a total transaction of $42,780.00.
• On Monday, February 3rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $41.04, for a total transaction of $41,040.00.
• 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 transaction of $41,490.00.
• On Wednesday, January 29th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was 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.

Summit Midstream Price Performance

Shares of NYSE SMC traded down $1.66 during trading hours on Friday, hitting $43.47. 84,862 shares of the stock were exchanged, compared to its average volume of 64,328. 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 business's 50 day moving average is $39.91. The stock has a market cap of $462.90 million, a price-to-earnings ratio of -3.39 and a beta of 2.37. Summit Midstream Corporation has a one year low of $17.11 and a one year high of $45.89.

Institutional Trading of Summit Midstream

Several large investors have recently modified their holdings of SMC. BNP Paribas Financial Markets bought a new stake in shares of Summit Midstream during the 4th quarter worth $57,000. Tower Research Capital LLC TRC boosted its holdings in Summit Midstream by 1,106.2% in the 4th 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 during the period. SG Americas Securities LLC bought a new stake in Summit Midstream in the 4th quarter valued at $159,000. Barclays PLC bought a new stake in Summit Midstream in the 3rd quarter valued at $194,000. Finally, EntryPoint Capital LLC bought a new stake in Summit Midstream in the 4th quarter valued at $207,000. 42.97% of the stock is owned by 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.