Summit Midstream Corporation (NYSE:SMC) CEO Sells $34,970.00 in Stock

Posted by Mickey Rousseau on Dec 25th, 2024

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $34.97, for a total value of $34,970.00. Following the transaction, the chief executive officer now owns 263,006 shares in the company, valued at approximately $9,197,319.82. This trade represents a 0.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

On Monday, December 23rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $34.94, for a total value of $34,940.00.
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 Monday, December 16th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $35.18, for a total transaction 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 transaction 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 transaction 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 value of $37,220.00.
On Friday, December 6th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.78, for a total value 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 value 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 value 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 transaction of $37,200.00.

Summit Midstream Trading Up 0.6 %

Shares of NYSE:SMC opened at $35.20 on Wednesday. The firm has a 50 day moving average price of $35.89. Summit Midstream Corporation has a 12 month low of $15.56 and a 12 month 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. The firm has a market cap of $374.84 million, a PE ratio of -2.75 and a beta of 2.39.

Institutional Inflows and Outflows

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

About Summit Midstream

(Get Free Report)

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.