Insider Selling: Summit Midstream Corporation (NYSE:SMC) CEO Sells $37,630.00 in Stock

Posted by Marion Hillson on Jan 16th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $37.63, for a total value of $37,630.00. Following the sale, the chief executive officer now directly owns 250,006 shares of the company’s stock, valued at $9,407,725.78. The trade was a 0.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

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 transaction 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 value of $37,490.00.
On Monday, December 30th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $36.52, for a total value of $36,520.00.
On Thursday, December 26th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was 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.
On Friday, December 20th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $34.97, for a total transaction of $34,970.00.
On Wednesday, December 18th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $35.18, for a total transaction of $35,180.00.
On Monday, December 16th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $35.18, for a total transaction of $35,180.00.

Summit Midstream Stock Up 0.4 %

Shares of SMC opened at $38.00 on Thursday. The firm’s 50-day moving average price is $36.62. 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 company has a market capitalization of $404.66 million, a price-to-earnings ratio of -2.97 and a beta of 2.37. Summit Midstream Corporation has a 12-month low of $15.56 and a 12-month high of $40.75.

Institutional Trading of Summit Midstream

A number of institutional investors and hedge funds have recently modified their holdings of the company. Valeo Financial Advisors LLC bought a new position in Summit Midstream in the third quarter worth $529,000. Fractal Investments LLC bought a new position in shares of Summit Midstream during the 3rd quarter worth about $1,576,000. Pekin Hardy Strauss Inc. acquired a new stake in shares of Summit Midstream during the 3rd quarter valued at about $1,311,000. Virtus Fund Advisers LLC bought a new stake in Summit Midstream in the third quarter valued at about $3,794,000. Finally, Jane Street Group LLC acquired a new position in Summit Midstream in the third quarter worth about $227,000. 42.97% of the stock is currently owned by institutional investors.

About Summit Midstream

(Get Free Report)

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.