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

Summit Midstream Corporation (NYSE:SMC - Get Free Report) CEO J Heath Deneke sold 1,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $41.96, for a total value of $41,960.00. Following the completion of the sale, the chief executive officer now directly owns 243,326 shares of the company's stock, valued at approximately $10,209,958.96. This trade represents a 0.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 stock was sold at an average price of $44.98, for a total value 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 value 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 value of $43,800.00.
• On Monday, February 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $43.43, for a total value 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 shares were 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 value of $41,490.00.

Summit Midstream Stock Up 6.7 %

Shares of SMC stock traded up $2.82 during mid-day trading on Friday, reaching $45.00. The stock had a trading volume of 98,822 shares, compared to its average volume of 79,485. The company has a 50 day moving average of $40.69. 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 company has a market capitalization of $479.21 million, a price-to-earnings ratio of -3.51 and a beta of 2.37. Summit Midstream Corporation has a one year low of $17.26 and a one year high of $45.89.

Institutional Investors Weigh In On Summit Midstream

Several institutional investors and hedge funds have recently bought and sold shares of SMC. Barclays PLC acquired a new stake in shares of Summit Midstream during the 3rd quarter valued at about $194,000. Fractal Investments LLC bought a new position in Summit Midstream during the third quarter worth about $1,576,000. Graham Capital Wealth Management LLC acquired a new stake in Summit Midstream during the fourth quarter valued at approximately $3,061,000. Virtus Fund Advisers LLC acquired a new position in shares of Summit Midstream in the 3rd quarter worth approximately $3,794,000. Finally, Jane Street Group LLC acquired a new stake in Summit Midstream in the 3rd quarter valued at $227,000. 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.