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

Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $35.54, for a total value of $35,540.00. Following the completion of the sale, the chief executive officer now owns 286,006 shares of the company’s stock, valued at approximately $10,164,653.24. This trade represents a 0.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Friday, November 15th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $35.61, for a total value of $35,610.00.

Summit Midstream Stock Performance

NYSE SMC opened at $36.03 on Wednesday. Summit Midstream Corporation has a fifty-two week low of $15.56 and a fifty-two week high of $40.75. The business’s fifty day moving average is $35.53. 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 $383.72 million, a PE ratio of -2.81 and a beta of 2.35.

Institutional Trading of Summit Midstream

Institutional investors have recently modified their holdings of the business. Valeo Financial Advisors LLC acquired a new position in shares of Summit Midstream in the third quarter worth approximately $529,000. Fractal Investments LLC bought a new stake in shares of Summit Midstream in the 3rd quarter valued at $1,576,000. Pekin Hardy Strauss Inc. acquired a new stake in shares of Summit Midstream during the third quarter worth $1,311,000. Virtus Fund Advisers LLC bought a new position in Summit Midstream during the third quarter worth $3,794,000. Finally, Jane Street Group LLC acquired a new position in Summit Midstream in the third quarter valued at $227,000. Institutional investors own 42.97% of the company’s stock.

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.