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 stock in a transaction on Monday, December 16th. The shares were sold at an average price of $35.18, for a total value of $35,180.00. Following the completion of the transaction, the chief executive officer now directly owns 267,006 shares in the company, valued at approximately $9,393,271.08. This represents a 0.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, December 18th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $35.18, for a total value of $35,180.00.
• On Friday, December 13th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $35.95, for a total value of $35,950.00.
• 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 transaction 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 transaction 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 transaction 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 value of $37,200.00.
• On Wednesday, November 27th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $36.85, for a total value of $36,850.00.
• On Monday, November 25th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.16, for a total value of $37,160.00.

Summit Midstream Trading Down 1.9 %

SMC stock traded down $0.69 during midday trading on Wednesday, hitting $34.81. The company had a trading volume of 81,241 shares, compared to its average volume of 53,270. The company has a market capitalization of $370.69 million, a PE ratio of -2.72 and a beta of 2.39. Summit Midstream Corporation has a 52 week low of $15.56 and a 52 week high of $40.75. 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 50 day moving average price of $35.96.

Institutional Investors Weigh In On Summit Midstream

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC purchased a new position in Summit Midstream during the 3rd quarter valued at about $194,000. Jane Street Group LLC bought a new stake in shares of Summit Midstream in the 3rd quarter worth approximately $227,000. Valeo Financial Advisors LLC purchased a new position in shares of Summit Midstream during the third quarter valued at approximately $529,000. Pekin Hardy Strauss Inc. bought a new position in shares of Summit Midstream during the third quarter valued at approximately $1,311,000. Finally, Fractal Investments LLC bought a new position in shares of Summit Midstream during the third quarter valued at approximately $1,576,000. 42.97% of the stock is currently owned by institutional investors.

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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