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

Posted by James Quigley on Feb 5th, 2025

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 Monday, February 3rd. The stock was sold at an average price of $41.04, for a total transaction of $41,040.00. Following the completion of the transaction, the chief executive officer now owns 259,326 shares in the company, valued at $10,642,739.04. The trade was a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

On Friday, January 31st, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $41.49, for a total value of $41,490.00.
On Wednesday, January 29th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $40.88, for a total value of $40,880.00.
On Monday, January 27th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $40.80, for a total transaction of $40,800.00.
On Thursday, January 23rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.86, for a total value of $42,860.00.
On Tuesday, January 21st, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.06, for a total value of $42,060.00.
On Friday, January 17th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $40.11, for a total transaction of $40,110.00.
On Wednesday, January 15th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.98, for a total transaction of $37,980.00.
On Monday, January 13th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.63, for a total value of $37,630.00.
On Friday, January 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.60, for a total value of $37,600.00.
On Wednesday, January 8th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.50, for a total value of $37,500.00.

Summit Midstream Stock Up 3.4 %

SMC traded up $1.40 during trading on Tuesday, reaching $42.67. The company had a trading volume of 75,992 shares, compared to its average volume of 78,400. 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 business’s 50 day moving average is $38.05. The company has a market capitalization of $454.44 million, a PE ratio of -3.33 and a beta of 2.37. Summit Midstream Corporation has a 52 week low of $15.56 and a 52 week high of $43.99.

Summit Midstream (NYSE:SMC – Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported ($15.28) earnings per share (EPS) for the quarter. Summit Midstream had a positive return on equity of 0.71% and a negative net margin of 23.01%. The firm had revenue of $102.42 million during the quarter.

Institutional Trading of Summit Midstream

Institutional investors have recently modified their holdings of the company. Virtus Fund Advisers LLC purchased a new stake in shares of Summit Midstream during the third quarter worth about $3,794,000. Geode Capital Management LLC purchased a new stake in shares of Summit Midstream during the third quarter valued at $3,313,000. Graham Capital Wealth Management LLC acquired a new position in shares of Summit Midstream in the 4th quarter valued at $3,061,000. Empowered Funds LLC purchased a new position in Summit Midstream in the 4th quarter worth $2,132,000. Finally, Fractal Investments LLC acquired a new stake in Summit Midstream during the 3rd quarter worth about $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.