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

Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke sold 1,000 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $37.50, for a total transaction of $37,500.00. Following the completion of the sale, the chief executive officer now owns 252,006 shares in the company, valued at approximately $9,450,225. The trade was a 0.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• 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 shares were sold at an average price of $37.60, for a total transaction of $37,600.00.
• On Monday, January 6th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.81, for a total value 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.
• 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 transaction of $36,190.00.
• 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 stock was 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 shares were sold at an average price of $35.18, for a total transaction 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 Trading Down 0.5 %

Shares of Summit Midstream stock opened at $37.54 on Wednesday. The company has a market capitalization of $399.76 million, a PE ratio of -2.93 and a beta of 2.37. The business’s 50-day moving average price is $36.62. 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 1-year low of $15.56 and a 1-year high of $40.75.

Hedge Funds Weigh In On Summit Midstream

Large investors have recently modified their holdings of the stock. Barclays PLC bought a new position in shares of Summit Midstream in the 3rd quarter valued at about $194,000. Jane Street Group LLC bought a new position in shares of Summit Midstream during the third quarter worth $227,000. Valeo Financial Advisors LLC acquired a new position in Summit Midstream in the third quarter valued at about $529,000. Pekin Hardy Strauss Inc. acquired a new position in shares of Summit Midstream in the 3rd quarter valued at approximately $1,311,000. Finally, Fractal Investments LLC acquired a new position in shares of Summit Midstream in the third quarter valued at approximately $1,576,000. 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.