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 dated Wednesday, November 27th. The shares were sold at an average price of $36.85, for a total transaction of $36,850.00. Following the completion of the transaction, the chief executive officer now owns 279,006 shares in the company, valued at $10,281,371.10. The trade was a 0.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• 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 transaction of $37,160.00.
• On Friday, November 22nd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was 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 shares were sold at an average price of $35.61, for a total transaction of $35,610.00.

Summit Midstream Stock Performance

Shares of NYSE:SMC traded up $0.33 during trading on Wednesday, reaching $37.46. 30,613 shares of the stock traded hands, compared to its average volume of 51,056. The firm’s 50-day moving average price is $35.58. Summit Midstream Corporation has a 52-week low of $15.56 and a 52-week high of $40.75. 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 company has a market capitalization of $398.91 million, a PE ratio of -2.92 and a beta of 2.35.

Institutional Investors Weigh In On Summit Midstream

A number of institutional investors have recently made changes to their positions in the company. Barclays PLC purchased a new stake in shares of Summit Midstream during the third quarter valued at approximately $194,000. Jane Street Group LLC bought a new position in Summit Midstream during the third quarter valued at approximately $227,000. Valeo Financial Advisors LLC bought a new position in Summit Midstream during the third quarter valued at approximately $529,000. Pekin Hardy Strauss Inc. bought a new position in Summit Midstream during the third quarter valued at approximately $1,311,000. Finally, Fractal Investments LLC bought a new position in Summit Midstream during the third quarter valued at approximately $1,576,000. Hedge funds and other institutional investors 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.