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 firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $38.50, for a total transaction of $38,500.00. Following the sale, the chief executive officer now owns 275,170 shares of the company’s stock, valued at $10,594,045. The trade was a 0.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, March 14th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.47, for a total transaction of $37,470.00.
• On Wednesday, March 12th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $38.04, for a total value of $38,040.00.
• On Monday, March 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $38.52, for a total value of $38,520.00.
• On Friday, March 7th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $39.23, for a total value of $39,230.00.
• On Wednesday, March 5th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $40.55, for a total value of $40,550.00.
• On Monday, March 3rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $43.50, for a total value of $43,500.00.
• On Friday, February 28th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $44.28, for a total value of $44,280.00.
• On Wednesday, February 26th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $41.96, for a total value of $41,960.00.
• On Monday, February 24th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.63, for a total value of $42,630.00.
• On Thursday, February 20th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $44.23, for a total value of $44,230.00.

Summit Midstream Stock Up 1.4 %

NYSE:SMC opened at $37.98 on Thursday. The firm has a market capitalization of $404.41 million, a price-to-earnings ratio of -2.96 and a beta of 2.28. Summit Midstream Corporation has a 1-year low of $31.81 and a 1-year high of $45.89. 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 fifty day moving average price is $41.22 and its 200 day moving average price is $37.91.

Summit Midstream (NYSE:SMC) last posted its quarterly earnings results on Monday, March 10th. The company reported ($2.19) earnings per share for the quarter. The business had revenue of $107.02 million for the quarter. Summit Midstream had a negative net margin of 23.01% and a positive return on equity of 0.71%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SMC. Pekin Hardy Strauss Inc. acquired a new position in Summit Midstream during the third quarter valued at $1,311,000. Virtus Fund Advisers LLC purchased a new position in Summit Midstream in the third quarter valued at about $3,794,000. Jane Street Group LLC purchased a new position in Summit Midstream in the third quarter valued at about $227,000. Barclays PLC purchased a new position in Summit Midstream in the third quarter valued at about $194,000. Finally, Geode Capital Management LLC purchased a new position in Summit Midstream in the third quarter valued at about $3,313,000. 42.97% of the stock is 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.