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 on Friday, November 22nd. The stock was sold at an average price of $35.74, for a total transaction of $35,740.00. Following the completion of the sale, the chief executive officer now directly owns 282,006 shares in the company, valued at approximately $10,078,894.44. This represents a 0.35 % decrease in their position. The sale was disclosed in a 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 Wednesday, November 20th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $35.82, for a total transaction of $35,820.00.
• On Monday, November 18th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $35.54, for a total transaction of $35,540.00.
• On Friday, November 15th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $35.61, for a total transaction of $35,610.00.

Summit Midstream Stock Up 3.8 %

NYSE SMC opened at $37.35 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.33 and a current ratio of 1.33. The stock’s fifty day moving average price is $35.54. Summit Midstream Corporation has a 1 year low of $15.56 and a 1 year high of $40.75.

Institutional Trading of Summit Midstream

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtus Fund Advisers LLC bought a new stake in Summit Midstream during the third quarter worth $3,794,000. Geode Capital Management LLC acquired a new position in shares of Summit Midstream in the third quarter valued at $3,313,000. Fractal Investments LLC acquired a new position in shares of Summit Midstream in the third quarter valued at $1,576,000. Pekin Hardy Strauss Inc. acquired a new position in shares of Summit Midstream in the third quarter valued at $1,311,000. Finally, Valeo Financial Advisors LLC acquired a new position in shares of Summit Midstream in the third quarter valued at $529,000. 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.