Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke Sells 1,000 Shares

Posted by Michael Walen on Jan 14th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $37.63, for a total transaction of $37,630.00. Following the completion of the sale, the chief executive officer now owns 250,006 shares in the company, valued at approximately $9,407,725.78. The trade was a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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 shares were 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 value 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 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 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 shares were 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 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 value of $35,180.00.
On Monday, December 16th, 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.

Summit Midstream Price Performance

Shares of SMC traded down $0.14 during trading hours on Monday, hitting $37.68. The stock had a trading volume of 53,197 shares, compared to its average volume of 66,071. Summit Midstream Corporation has a 1-year low of $15.56 and a 1-year high of $40.75. The firm has a market cap of $401.25 million, a price-to-earnings ratio of -2.94 and a beta of 2.37. The business’s 50 day moving average is $36.56. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.20.

Institutional Investors Weigh In On Summit Midstream

Several hedge funds and other institutional investors have recently made changes to their positions in SMC. Virtus Fund Advisers LLC bought a new position in Summit Midstream during the 3rd quarter valued at $3,794,000. Geode Capital Management LLC bought a new position in shares of Summit Midstream during the third quarter valued at about $3,313,000. Fractal Investments LLC bought a new stake in Summit Midstream in the 3rd quarter worth about $1,576,000. Pekin Hardy Strauss Inc. bought a new stake in Summit Midstream in the 3rd quarter worth about $1,311,000. Finally, Valeo Financial Advisors LLC purchased a new stake in Summit Midstream in the 3rd quarter valued at about $529,000. 42.97% of the stock is owned by institutional investors.

Summit Midstream Company Profile

(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.