Summit Midstream Corporation (NYSE:SMC) CEO Sells $43,430.00 in Stock

Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke sold 1,000 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $43.43, for a total value of $43,430.00. Following the completion of the sale, the chief executive officer now owns 254,326 shares of the company’s stock, valued at approximately $11,045,378.18. This trade represents a 0.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Wednesday, February 12th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $43.80, for a total value of $43,800.00.
• On Friday, February 7th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $42.67, for a total value of $42,670.00.
• On Wednesday, February 5th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $42.78, for a total value of $42,780.00.
• On Monday, February 3rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $41.04, for a total value of $41,040.00.
• 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 shares were 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 value 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 stock was sold at an average price of $40.11, for a total value of $40,110.00.

Summit Midstream Stock Down 2.4 %

NYSE:SMC opened at $44.13 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 business’s 50 day moving average price is $39.01. Summit Midstream Corporation has a 52 week low of $15.85 and a 52 week high of $45.41.

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

Institutional Trading of Summit Midstream

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC acquired a new stake in shares of Summit Midstream during the 3rd quarter worth approximately $194,000. Fractal Investments LLC acquired a new stake in shares of Summit Midstream during the 3rd quarter worth approximately $1,576,000. Virtus Fund Advisers LLC acquired a new stake in shares of Summit Midstream during the 3rd quarter worth approximately $3,794,000. Graham Capital Wealth Management LLC acquired a new stake in shares of Summit Midstream during the 4th quarter worth approximately $3,061,000. Finally, Jane Street Group LLC acquired a new stake in shares of Summit Midstream during the 3rd quarter worth approximately $227,000. 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.