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 firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $37.47, for a total value of $37,470.00. Following the sale, the chief executive officer now owns 231,326 shares of the company's stock, valued at $8,667,785.22. The trade was a 0.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, March 12th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was 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 Friday, March 7th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $39.23, for a total value of $39,230.00.
• On Wednesday, March 5th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $40.55, for a total value 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 value 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 transaction 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 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 value 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.

Summit Midstream Stock Performance

Shares of NYSE:SMC traded up $1.36 during trading on Monday, reaching $38.80. The stock had a trading volume of 111,673 shares, compared to its average volume of 73,167. The stock has a fifty day simple moving average of $41.21 and a two-hundred day simple moving average of $37.90. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.20. Summit Midstream Corporation has a 52 week low of $31.81 and a 52 week high of $45.89. The firm has a market capitalization of $413.13 million, a price-to-earnings ratio of -3.03 and a beta of 2.28.

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

Institutional Investors Weigh In On Summit Midstream

Hedge funds have recently modified their holdings of the business. Virtus Fund Advisers LLC acquired a new stake in Summit Midstream during the third quarter worth about $3,794,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Summit Midstream during the fourth quarter valued at approximately $3,829,000. Geode Capital Management LLC acquired a new position in shares of Summit Midstream in the third quarter valued at $3,313,000. Graham Capital Wealth Management LLC bought a new position in Summit Midstream in the fourth quarter worth $3,061,000. Finally, Eagle Global Advisors LLC increased its holdings in Summit Midstream by 131.7% in the 4th quarter. Eagle Global Advisors LLC now owns 73,962 shares of the company's stock valued at $2,794,000 after buying an additional 42,035 shares during the period. 42.97% of the stock is 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.