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

Posted by Mickey Rousseau on Dec 27th, 2024

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $36.19, for a total transaction of $36,190.00. Following the completion of the transaction, the chief executive officer now directly owns 260,006 shares in the company, valued at $9,409,617.14. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 transaction of $34,940.00.
On Friday, December 20th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $34.97, for a total transaction of $34,970.00.
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 value of $35,180.00.
On Friday, December 13th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was 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 shares were 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 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 shares were 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 stock was sold at an average price of $37.80, for a total value of $37,800.00.

Summit Midstream Stock Performance

SMC stock traded up $0.14 during midday trading on Friday, reaching $36.48. 24,355 shares of the company traded hands, compared to its average volume of 53,585. The firm has a market cap of $388.48 million, a price-to-earnings ratio of -2.85 and a beta of 2.39. 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 stock’s 50 day simple moving average is $35.91. Summit Midstream Corporation has a 52-week low of $15.56 and a 52-week high of $40.75.

Institutional Trading of Summit Midstream

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

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.