Summit Midstream Corporation (NYSE:SMC) CEO Sells $37,800.00 in Stock

Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke sold 1,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $37.80, for a total transaction of $37,800.00. Following the completion of the sale, the chief executive officer now owns 277,006 shares of the company’s stock, valued at approximately $10,470,826.80. The trade was a 0.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• 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 transaction 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 transaction of $36,850.00.
• On Monday, November 25th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.16, for a total transaction of $37,160.00.
• On Friday, November 22nd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $35.74, for a total transaction of $35,740.00.
• 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 Price Performance

NYSE:SMC opened at $37.29 on Thursday. Summit Midstream Corporation has a 12-month low of $15.56 and a 12-month high of $40.75. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.33 and a quick ratio of 1.33. The business has a 50-day simple moving average of $35.79.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Barclays PLC acquired a new stake in shares of Summit Midstream during the third quarter worth approximately $194,000. Geode Capital Management LLC acquired a new stake in shares of Summit Midstream during the third quarter worth approximately $3,313,000. Jane Street Group LLC acquired a new stake in shares of Summit Midstream during the third quarter worth approximately $227,000. Virtus Fund Advisers LLC acquired a new stake in shares of Summit Midstream during the third quarter worth approximately $3,794,000. Finally, Pekin Hardy Strauss Inc. acquired a new stake in shares of Summit Midstream during the third quarter worth approximately $1,311,000. Institutional investors and hedge funds own 42.97% of the company’s stock.

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.