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

Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke sold 1,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $37.09, for a total value of $37,090.00. Following the transaction, the chief executive officer now directly owns 270,006 shares in the company, valued at $10,014,522.54. The trade was a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Friday, December 13th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $35.95, for a total value of $35,950.00.
• On Monday, December 9th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.22, for a total value of $37,220.00.
• On Friday, December 6th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.78, for a total transaction of $37,780.00.
• On Wednesday, December 4th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.43, for a total transaction of $37,430.00.
• 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 Friday, November 29th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.20, for a total value 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 value of $36,850.00.
• On Monday, November 25th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.16, for a total value 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 value 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 transaction of $35,820.00.

Summit Midstream Stock Down 1.0 %

SMC stock opened at $35.91 on Friday. The company has a market capitalization of $382.41 million, a P/E ratio of -2.80 and a beta of 2.39. The business has a 50 day simple moving average of $35.97. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.33 and a quick ratio of 1.33. Summit Midstream Corporation has a 12 month low of $15.56 and a 12 month high of $40.75.

Institutional Investors Weigh In On Summit Midstream

A number of large investors have recently bought and sold shares of SMC. Barclays PLC acquired a new stake in Summit Midstream in the 3rd quarter worth approximately $194,000. Geode Capital Management LLC bought a new position in shares of Summit Midstream in the third quarter valued at approximately $3,313,000. Jane Street Group LLC acquired a new stake in shares of Summit Midstream in the third quarter worth $227,000. Virtus Fund Advisers LLC bought a new stake in shares of Summit Midstream during the 3rd quarter worth $3,794,000. Finally, Pekin Hardy Strauss Inc. acquired a new position in Summit Midstream in the 3rd quarter valued at $1,311,000. 42.97% of the stock is currently owned by institutional investors.

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.