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 company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $37.16, for a total transaction of $37,160.00. Following the sale, the chief executive officer now directly owns 281,006 shares in the company, valued at $10,442,182.96. This trade represents a 0.35 % decrease in their ownership of the stock. 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 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 transaction of $36,850.00.
• On Friday, November 22nd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $35.74, for a total transaction of $35,740.00.
• On Wednesday, November 20th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $35.82, for a total transaction of $35,820.00.
• On Monday, November 18th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $35.54, for a total transaction of $35,540.00.
• On Friday, November 15th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $35.61, for a total transaction of $35,610.00.

Summit Midstream Stock Performance

SMC stock opened at $37.46 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.33 and a current ratio of 1.33. The company has a 50-day simple moving average of $35.61. Summit Midstream Corporation has a 52 week low of $15.56 and a 52 week high of $40.75.

Hedge Funds Weigh In On Summit Midstream

Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC acquired a new position in shares of Summit Midstream in the third quarter valued at about $194,000. Jane Street Group LLC acquired a new stake in Summit Midstream during the third quarter worth about $227,000. Valeo Financial Advisors LLC acquired a new stake in Summit Midstream during the third quarter worth about $529,000. Pekin Hardy Strauss Inc. acquired a new stake in Summit Midstream during the third quarter worth about $1,311,000. Finally, Fractal Investments LLC acquired a new stake 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.

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.