Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke Sells 1,000 Shares

Posted by James Nelson on Jan 10th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $37.81, for a total value of $37,810.00. Following the completion of the sale, the chief executive officer now owns 254,006 shares of the company’s stock, valued at $9,603,966.86. This trade represents a 0.39 % decrease in their ownership of the stock. The transaction 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 Thursday, January 2nd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.49, for a total value of $37,490.00.
On Monday, December 30th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $36.52, for a total transaction of $36,520.00.
On Thursday, December 26th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $36.19, for a total transaction of $36,190.00.
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 Friday, December 20th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $34.97, for a total value of $34,970.00.
On Wednesday, December 18th, 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 Monday, December 16th, 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 stock was 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 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 stock was sold at an average price of $37.22, for a total transaction of $37,220.00.

Summit Midstream Stock Down 0.7 %

Shares of NYSE SMC opened at $37.46 on Friday. 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 50 day moving average price of $36.38. Summit Midstream Corporation has a 52-week low of $15.56 and a 52-week high of $40.75. The stock has a market capitalization of $398.91 million, a price-to-earnings ratio of -2.92 and a beta of 2.37.

Institutional Investors Weigh In On Summit Midstream

Institutional investors and hedge funds have recently modified their holdings of the company. Virtus Fund Advisers LLC purchased a new position in Summit Midstream during the 3rd quarter valued at about $3,794,000. Geode Capital Management LLC purchased a new position in shares of Summit Midstream in the third quarter valued at approximately $3,313,000. Fractal Investments LLC acquired a new position in shares of Summit Midstream in the third quarter valued at approximately $1,576,000. Pekin Hardy Strauss Inc. purchased a new stake in Summit Midstream during the 3rd quarter worth approximately $1,311,000. Finally, Valeo Financial Advisors LLC acquired a new stake in Summit Midstream during the 3rd quarter worth approximately $529,000. Hedge funds and other institutional investors own 42.97% of the company’s stock.

Summit Midstream Company Profile

(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.