Summit Midstream Corporation (NYSE:SMC) CEO Sells $42,860.00 in Stock

Posted by Stacy Sanders on Jan 27th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $42.86, for a total transaction of $42,860.00. Following the transaction, the chief executive officer now owns 266,326 shares of the company’s stock, valued at $11,414,732.36. The trade was a 0.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

On Monday, January 27th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $40.80, for a total transaction of $40,800.00.
On Tuesday, January 21st, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $42.06, for a total value of $42,060.00.
On Friday, January 17th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $40.11, for a total value of $40,110.00.
On Wednesday, January 15th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.98, for a total value of $37,980.00.
On Monday, January 13th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were 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 Wednesday, January 8th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.50, for a total transaction 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 value of $37,810.00.
On Thursday, January 2nd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.49, for a total value 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 value of $36,520.00.

Summit Midstream Trading Down 7.3 %

Shares of NYSE:SMC traded down $3.13 on Monday, hitting $39.75. The company had a trading volume of 72,890 shares, compared to its average volume of 88,649. The company has a market cap of $423.34 million, a PE ratio of -3.10 and a beta of 2.37. The stock’s 50 day moving average is $37.52. Summit Midstream Corporation has a 1-year low of $15.56 and a 1-year high of $43.99. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.20.

Summit Midstream (NYSE:SMC – Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($15.28) EPS for the quarter. The company had revenue of $102.42 million during the quarter. Summit Midstream had a negative net margin of 23.01% and a positive return on equity of 0.71%.

Institutional Investors Weigh In On Summit Midstream

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Summit Midstream in the fourth quarter valued at about $159,000. Barclays PLC bought a new stake in Summit Midstream in the 3rd quarter valued at about $194,000. Jane Street Group LLC acquired a new position in shares of Summit Midstream during the 3rd quarter worth approximately $227,000. Valeo Financial Advisors LLC bought a new position in shares of Summit Midstream during the third quarter worth approximately $529,000. Finally, Pekin Hardy Strauss Inc. acquired a new stake in shares of Summit Midstream in the third quarter valued at approximately $1,311,000. Institutional investors and hedge funds 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.