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 stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $35.61, for a total transaction of $35,610.00. Following the transaction, the chief executive officer now owns 287,006 shares in the company, valued at approximately $10,220,283.66. The trade was a 0.35 % decrease in their position. The sale 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 Monday, November 18th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $35.54, for a total transaction of $35,540.00.

Summit Midstream Stock Performance

Shares of NYSE SMC traded down $0.11 during trading hours on Tuesday, hitting $36.03. 60,998 shares of the stock were exchanged, compared to its average volume of 50,960. 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 $383.72 million, a P/E ratio of -2.81 and a beta of 2.35. The firm has a fifty day moving average of $35.56. Summit Midstream Corporation has a 1-year low of $15.56 and a 1-year high of $40.75.

Institutional Trading of Summit Midstream

Several large investors have recently made changes to their positions in SMC. Valeo Financial Advisors LLC acquired a new stake in shares of Summit Midstream during the 3rd quarter worth approximately $529,000. Fractal Investments LLC acquired a new stake in Summit Midstream in the third quarter valued at approximately $1,576,000. Pekin Hardy Strauss Inc. acquired a new stake in Summit Midstream in the third quarter valued at approximately $1,311,000. Virtus Fund Advisers LLC acquired a new stake in Summit Midstream in the third quarter valued at approximately $3,794,000. Finally, Jane Street Group LLC acquired a new stake in Summit Midstream in the third quarter valued at approximately $227,000. Institutional investors and hedge funds own 42.97% of the company’s stock.

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.