Summit Midstream Corporation (NYSE:SMC) CEO Sells $36,190.00 in Stock

Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke sold 1,000 shares of Summit Midstream stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $36.19, for a total transaction of $36,190.00. Following the transaction, the chief executive officer now owns 260,006 shares of the company’s stock, valued at approximately $9,409,617.14. The trade was a 0.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• 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 transaction of $34,940.00.
• On Friday, December 20th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $34.97, for a total value 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 value 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 value of $35,180.00.
• On Friday, December 13th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $35.95, for a total transaction of $35,950.00.
• On Wednesday, December 11th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.09, for a total transaction of $37,090.00.
• 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 transaction 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 stock was sold at an average price of $37.43, for a total value 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 value of $37,800.00.

Summit Midstream Trading Up 0.4 %

NYSE SMC opened at $36.48 on Monday. The stock’s 50-day simple moving average is $35.91. 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 twelve month low of $15.56 and a twelve month high of $40.75. The stock has a market capitalization of $388.48 million, a P/E ratio of -2.85 and a beta of 2.39.

Institutional Trading of Summit Midstream

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

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.