Insider Selling: Summit Midstream Corporation (NYSE:SMC) CEO Sells 1,000 Shares of Stock

Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke sold 1,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $42.06, for a total transaction of $42,060.00. Following the completion of the sale, the chief executive officer now directly owns 268,326 shares of the company’s stock, valued at $11,285,791.56. The trade was a 0.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Friday, January 17th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $40.11, for a total value of $40,110.00.
• On Wednesday, January 15th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.98, for a total value of $37,980.00.
• On Monday, January 13th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.63, for a total value of $37,630.00.
• On Friday, January 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.60, for a total value of $37,600.00.
• On Wednesday, January 8th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.50, for a total transaction of $37,500.00.
• On Monday, January 6th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.81, for a total transaction of $37,810.00.
• On Thursday, January 2nd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.49, for a total transaction of $37,490.00.
• On Monday, December 30th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $36.52, for a total transaction of $36,520.00.
• On Thursday, December 26th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $36.19, for a total value of $36,190.00.
• On Monday, December 23rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $34.94, for a total value of $34,940.00.

Summit Midstream Stock Performance

Shares of SMC opened at $43.04 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.20. Summit Midstream Corporation has a 12 month low of $15.56 and a 12 month high of $43.99. The stock’s fifty day moving average is $37.07.

Summit Midstream (NYSE:SMC) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($15.28) EPS for the quarter. The firm had revenue of $102.42 million for the quarter. Summit Midstream had a positive return on equity of 0.71% and a negative net margin of 23.01%.

Institutional Investors Weigh In On Summit Midstream

Several large investors have recently made changes to their positions in SMC. SG Americas Securities LLC acquired a new position in shares of Summit Midstream during the fourth quarter worth approximately $159,000. Barclays PLC bought a new stake in Summit Midstream during the 3rd quarter valued at $194,000. Jane Street Group LLC acquired a new position in Summit Midstream during the 3rd quarter worth $227,000. Valeo Financial Advisors LLC bought a new position in shares of Summit Midstream in the third quarter worth $529,000. Finally, Pekin Hardy Strauss Inc. acquired a new position in shares of Summit Midstream during the third quarter valued at $1,311,000. Institutional investors and hedge funds 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.