Insider Selling: Summit Midstream Corporation (NYSE:SMC) CEO Sells 1,000 Shares of Stock

Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke sold 1,000 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $35.54, for a total transaction of $35,540.00. Following the transaction, the chief executive officer now owns 286,006 shares in the company, valued at $10,164,653.24. The trade was a 0.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, November 15th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $35.61, for a total value of $35,610.00.

Summit Midstream Stock Performance

Shares of SMC opened at $36.03 on Wednesday. The company has a market cap of $383.72 million, a price-to-earnings ratio of -2.81 and a beta of 2.35. The business’s 50 day moving average is $35.53. Summit Midstream Corporation has a 52 week low of $15.56 and a 52 week high of $40.75. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.33 and a quick ratio of 1.33.

Institutional Trading of Summit Midstream

A number of institutional investors and hedge funds have recently modified their holdings of SMC. Barclays PLC purchased a new position in shares of Summit Midstream in the 3rd quarter worth about $194,000. Jane Street Group LLC purchased a new position in shares of Summit Midstream in the third quarter worth about $227,000. Valeo Financial Advisors LLC bought a new stake in Summit Midstream during the 3rd quarter valued at $529,000. Pekin Hardy Strauss Inc. purchased a new stake in shares of Summit Midstream during the third quarter worth $1,311,000. Finally, Fractal Investments LLC bought a new position in shares of Summit Midstream in the third quarter worth $1,576,000. 42.97% of the stock is owned by hedge funds and other 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.