Summit Midstream Corporation (NYSE:SMC) CEO Sells $34,970.00 in Stock

Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke sold 1,000 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $34.97, for a total transaction of $34,970.00. Following the completion of the sale, the chief executive officer now directly owns 263,006 shares of the company’s stock, valued at $9,197,319.82. This trade represents a 0.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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 Wednesday, December 18th, 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 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 stock was sold at an average price of $35.95, for a total value 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 transaction 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.
• 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 value of $37,200.00.

Summit Midstream Stock Up 0.6 %

Shares of Summit Midstream stock opened at $35.20 on Thursday. The company’s 50 day simple moving average is $35.89. Summit Midstream Corporation has a 52 week low of $15.56 and a 52 week high of $40.75. The company has a market capitalization of $374.84 million, a P/E ratio of -2.75 and a beta of 2.39. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.33 and a current ratio of 1.33.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SMC. Barclays PLC bought a new stake in shares of Summit Midstream during the 3rd quarter valued at about $194,000. Jane Street Group LLC bought a new stake in Summit Midstream during the 3rd quarter valued at approximately $227,000. Valeo Financial Advisors LLC bought a new position in shares of Summit Midstream in the 3rd quarter worth approximately $529,000. Pekin Hardy Strauss Inc. purchased a new position in shares of Summit Midstream in the 3rd quarter valued at approximately $1,311,000. Finally, Fractal Investments LLC bought a new stake in shares of Summit Midstream during the third quarter valued at approximately $1,576,000. 42.97% of the stock is currently owned by institutional investors.

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.