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 Summit Midstream stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $39.23, for a total value of $39,230.00. Following the completion of the transaction, the chief executive officer now directly owns 236,326 shares of the company's stock, valued at $9,271,068.98. This represents a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, March 14th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.47, for a total value of $37,470.00.
• On Wednesday, March 12th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $38.04, for a total transaction of $38,040.00.
• On Monday, March 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $38.52, for a total transaction of $38,520.00.
• On Wednesday, March 5th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $40.55, for a total transaction of $40,550.00.
• On Monday, March 3rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $43.50, for a total transaction of $43,500.00.
• On Friday, February 28th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $44.28, for a total value of $44,280.00.
• On Wednesday, February 26th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $41.96, for a total value of $41,960.00.
• On Monday, February 24th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.63, for a total value 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 shares were sold at an average price of $44.98, for a total value of $44,980.00.

Summit Midstream Stock Up 1.8 %

Shares of NYSE SMC traded up $0.68 during mid-day trading on Friday, reaching $37.50. 64,524 shares of the company's stock were exchanged, compared to its average volume of 72,919. Summit Midstream Corporation has a twelve month low of $31.81 and a twelve month high of $45.89. 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 capitalization of $399.28 million, a price-to-earnings ratio of -2.93 and a beta of 2.28. The business has a fifty day simple moving average of $41.19 and a 200 day simple moving average of $37.90.

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Summit Midstream (NYSE:SMC - Get Free Report) last announced its earnings results on Monday, March 10th. The company reported ($2.19) EPS for the quarter. Summit Midstream had a positive return on equity of 0.71% and a negative net margin of 23.01%. The company had revenue of $107.02 million for the quarter.

Hedge Funds Weigh In On Summit Midstream

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new stake in shares of Summit Midstream in the fourth quarter worth $57,000. Tower Research Capital LLC TRC boosted its stake in shares of Summit Midstream by 1,106.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,112 shares of the company's stock worth $118,000 after buying an additional 2,854 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Summit Midstream by 18.9% in the 4th quarter. Cetera Investment Advisers now owns 21,856 shares of the company's stock valued at $826,000 after acquiring an additional 3,472 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Summit Midstream by 56.8% in the 4th quarter. Jane Street Group LLC now owns 10,163 shares of the company's stock valued at $384,000 after acquiring an additional 3,680 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Summit Midstream in the fourth quarter valued at about $159,000. 42.97% of the stock is owned by institutional investors and hedge funds.

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.