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

Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke sold 1,000 shares of Summit Midstream stock in a transaction on Monday, March 17th. The shares were sold at an average price of $38.50, for a total transaction of $38,500.00. Following the completion of the sale, the chief executive officer now directly owns 275,170 shares of the company’s stock, valued at approximately $10,594,045. The trade was a 0.36 % decrease in their position. The transaction 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 Friday, March 14th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.47, for a total transaction of $37,470.00.
• On Wednesday, March 12th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $38.04, for a total transaction of $38,040.00.
• On Monday, March 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $38.52, for a total transaction of $38,520.00.
• On Friday, March 7th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $39.23, for a total transaction of $39,230.00.
• On Wednesday, March 5th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $40.55, for a total transaction of $40,550.00.
• On Monday, March 3rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $43.50, for a total transaction of $43,500.00.
• On Friday, February 28th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $44.28, for a total transaction of $44,280.00.
• On Wednesday, February 26th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $41.96, for a total transaction of $41,960.00.
• On Monday, February 24th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.63, for a total transaction of $42,630.00.
• On Thursday, February 20th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $44.23, for a total transaction of $44,230.00.

Summit Midstream Stock Performance

NYSE:SMC opened at $37.51 on Wednesday. The company has a market cap of $399.42 million, a price-to-earnings ratio of -2.93 and a beta of 2.28. The firm’s 50-day moving average is $41.20 and its 200-day moving average is $37.91. Summit Midstream Corporation has a 52-week low of $31.81 and a 52-week high of $45.89. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.33 and a current ratio of 1.33.

Summit Midstream (NYSE:SMC) last posted its earnings results on Monday, March 10th. The company reported ($2.19) earnings per share for the quarter. The business had revenue of $107.02 million during the quarter. Summit Midstream had a negative net margin of 23.01% and a positive return on equity of 0.71%.

Institutional Trading of Summit Midstream

Several large investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC bought a new stake in Summit Midstream during the fourth quarter worth about $247,000. OMERS ADMINISTRATION Corp bought a new stake in Summit Midstream during the fourth quarter worth about $382,000. Millennium Management LLC grew its stake in Summit Midstream by 599.9% during the fourth quarter. Millennium Management LLC now owns 48,610 shares of the company’s stock worth $1,836,000 after buying an additional 41,665 shares during the last quarter. Eagle Global Advisors LLC grew its stake in Summit Midstream by 131.7% during the fourth quarter. Eagle Global Advisors LLC now owns 73,962 shares of the company’s stock worth $2,794,000 after buying an additional 42,035 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Summit Midstream during the fourth quarter worth about $354,000. 42.97% of the stock is owned by institutional investors.

Summit Midstream Company Profile

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.