Summit Midstream Corporation (NYSE:SMC) CEO Sells $40,800.00 in Stock

Summit Midstream Corporation (NYSE:SMCGet Free Report) CEO J Heath Deneke sold 1,000 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $40.80, for a total transaction of $40,800.00. Following the transaction, the chief executive officer now owns 264,326 shares in the company, valued at approximately $10,784,500.80. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Thursday, January 23rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.86, for a total transaction of $42,860.00.
  • On Tuesday, January 21st, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.06, for a total transaction of $42,060.00.
  • On Friday, January 17th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $40.11, for a total transaction 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 transaction of $37,980.00.
  • On Monday, January 13th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.63, for a total transaction 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 transaction of $37,600.00.
  • On Wednesday, January 8th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was 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 stock was 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.

Summit Midstream Stock Performance

Shares of SMC opened at $40.70 on Wednesday. The company’s 50-day moving average is $37.59. The firm has a market capitalization of $433.50 million, a price-to-earnings ratio of -3.18 and a beta of 2.37. 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 52 week low of $15.56 and a 52 week high of $43.99.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SMC. SG Americas Securities LLC acquired a new position in Summit Midstream in the fourth quarter worth about $159,000. Barclays PLC acquired a new position in Summit Midstream in the third quarter worth about $194,000. Jane Street Group LLC acquired a new position in Summit Midstream in the third quarter worth about $227,000. Valeo Financial Advisors LLC acquired a new position in Summit Midstream in the third quarter worth about $529,000. Finally, Pekin Hardy Strauss Inc. acquired a new position in Summit Midstream in the third quarter worth about $1,311,000. Institutional investors and hedge funds own 42.97% of the company’s stock.

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.

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