Summit Midstream Corporation (NYSE:SMC) CEO Sells $37,200.00 in Stock

Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke sold 1,000 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $37.20, for a total value of $37,200.00. Following the completion of the transaction, the chief executive officer now directly owns 278,006 shares in the company, valued at $10,341,823.20. This trade represents a 0.36 % 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 Monday, December 2nd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.80, for a total transaction of $37,800.00.
• 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 value 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 shares were sold at an average price of $35.82, for a total value of $35,820.00.
• On Monday, November 18th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $35.54, for a total value of $35,540.00.
• 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 transaction of $35,610.00.

Summit Midstream Trading Up 0.3 %

SMC traded up $0.12 on Tuesday, hitting $38.00. 88,992 shares of the stock traded hands, compared to its average volume of 51,249. The company has a market cap of $404.70 million, a price-to-earnings ratio of -2.97 and a beta of 2.39. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.20. The business has a fifty day moving average of $35.73. Summit Midstream Corporation has a 52 week low of $15.56 and a 52 week high of $40.75.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SMC. Barclays PLC bought a new stake in Summit Midstream during the third quarter worth $194,000. Jane Street Group LLC acquired a new position in Summit Midstream during the third quarter worth about $227,000. Valeo Financial Advisors LLC acquired a new position in shares of Summit Midstream during the third quarter worth $529,000. Pekin Hardy Strauss Inc. bought a new position in Summit Midstream in the third quarter valued at about $1,311,000. Finally, Fractal Investments LLC bought a new stake in Summit Midstream during the 3rd quarter worth approximately $1,576,000. 42.97% of the stock is currently 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.