Summit Midstream Corporation (NYSE:SMC) CEO Sells $35,180.00 in Stock

Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke sold 1,000 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $35.18, for a total transaction of $35,180.00. Following the completion of the transaction, the chief executive officer now directly owns 267,006 shares of the company’s stock, valued at approximately $9,393,271.08. The trade was a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, December 18th, 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 value of $35,180.00.
• On Friday, December 13th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $35.95, for a total value of $35,950.00.
• On Wednesday, December 11th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.09, for a total value of $37,090.00.
• On Monday, December 9th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.22, for a total transaction of $37,220.00.
• On Friday, December 6th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.78, for a total transaction of $37,780.00.
• On Wednesday, December 4th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.43, for a total transaction of $37,430.00.
• On Monday, December 2nd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.80, for a total transaction of $37,800.00.
• On Friday, November 29th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.20, for a total value of $37,200.00.
• On Wednesday, November 27th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $36.85, for a total value of $36,850.00.
• On Monday, November 25th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.16, for a total value of $37,160.00.

Summit Midstream Stock Performance

Shares of SMC traded down $0.69 during trading hours on Wednesday, hitting $34.81. The company had a trading volume of 81,241 shares, compared to its average volume of 53,270. The stock has a market capitalization of $370.69 million, a PE ratio of -2.72 and a beta of 2.39. The company’s fifty day moving average is $35.96. Summit Midstream Corporation has a 52-week low of $15.56 and a 52-week high of $40.75. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.20.

Institutional Trading of Summit Midstream

Institutional investors and hedge funds have recently bought and sold shares of the company. Virtus Fund Advisers LLC bought a new stake in shares of Summit Midstream in the 3rd quarter worth $3,794,000. Geode Capital Management LLC purchased a new stake in shares of Summit Midstream during the third quarter valued at $3,313,000. Fractal Investments LLC bought a new stake in Summit Midstream in the 3rd quarter worth about $1,576,000. Pekin Hardy Strauss Inc. purchased a new position in Summit Midstream in the 3rd quarter worth about $1,311,000. Finally, Valeo Financial Advisors LLC bought a new position in Summit Midstream during the 3rd quarter valued at about $529,000. 42.97% of the stock is currently 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.