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 Monday, February 10th. The shares were sold at an average price of $43.43, for a total value of $43,430.00. Following the sale, the chief executive officer now directly owns 254,326 shares of the company’s stock, valued at $11,045,378.18. This represents a 0.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, February 12th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $43.80, for a total transaction of $43,800.00.
• On Friday, February 7th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $42.67, for a total value of $42,670.00.
• On Wednesday, February 5th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.78, for a total transaction of $42,780.00.
• On Monday, February 3rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $41.04, for a total transaction of $41,040.00.
• On Friday, January 31st, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $41.49, for a total value of $41,490.00.
• On Wednesday, January 29th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $40.88, for a total value of $40,880.00.
• 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 Thursday, January 23rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.86, for a total transaction of $42,860.00.
• On Tuesday, January 21st, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was 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.

Summit Midstream Trading Up 0.1 %

Shares of NYSE:SMC traded up $0.05 during trading on Wednesday, hitting $43.94. 99,695 shares of the company’s stock traded hands, compared to its average volume of 78,064. The firm has a 50-day simple moving average of $38.73. Summit Midstream Corporation has a 52 week low of $15.76 and a 52 week high of $44.67. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.20. The firm has a market cap of $467.93 million, a P/E ratio of -3.43 and a beta of 2.37.

Summit Midstream (NYSE:SMC) last posted its quarterly earnings data 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 Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC acquired a new stake in Summit Midstream in the 3rd quarter valued at approximately $194,000. Fractal Investments LLC acquired a new position in Summit Midstream during the third quarter worth $1,576,000. Virtus Fund Advisers LLC bought a new position in Summit Midstream in the third quarter valued at $3,794,000. Graham Capital Wealth Management LLC acquired a new position in Summit Midstream during the fourth quarter valued at approximately $3,061,000. Finally, Jane Street Group LLC bought a new position in Summit Midstream in the third quarter valued at approximately $227,000. 42.97% of the stock is 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.