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

Posted by Latisha Jones on Dec 16th, 2024

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 Wednesday, December 11th. The stock was sold at an average price of $37.09, for a total transaction of $37,090.00. Following the completion of the sale, the chief executive officer now directly owns 270,006 shares of the company’s stock, valued at $10,014,522.54. The trade was a 0.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

On Friday, December 13th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $35.95, for a total transaction of $35,950.00.
On Monday, December 9th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was 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 transaction of $37,430.00.
On Monday, December 2nd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.80, for a total transaction of $37,800.00.
On Friday, November 29th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.20, for a total transaction of $37,200.00.
On Wednesday, November 27th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $36.85, for a total transaction of $36,850.00.
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.

Summit Midstream Stock Down 1.0 %

NYSE SMC opened at $35.91 on Monday. 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 cap of $382.44 million, a price-to-earnings ratio of -2.80 and a beta of 2.39. The stock’s 50 day moving average price is $35.97. Summit Midstream Corporation has a 52 week low of $15.56 and a 52 week high of $40.75.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Barclays PLC acquired a new position in Summit Midstream during the 3rd quarter valued at approximately $194,000. Geode Capital Management LLC acquired a new position in Summit Midstream during the 3rd quarter valued at approximately $3,313,000. Jane Street Group LLC acquired a new position in Summit Midstream during the 3rd quarter valued at approximately $227,000. Virtus Fund Advisers LLC acquired a new position in Summit Midstream during the 3rd quarter valued at approximately $3,794,000. Finally, Pekin Hardy Strauss Inc. acquired a new position in Summit Midstream during the 3rd quarter valued at approximately $1,311,000. Institutional investors 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.