Insider Selling: Summit Midstream Corporation (NYSE:SMC) CEO Sells $37,160.00 in Stock

Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke sold 1,000 shares of Summit Midstream stock in a transaction that occurred on Monday, November 25th. The shares were 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 approximately $10,442,182.96. The trade was a 0.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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 value 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 value 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 value 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 value 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 value of $35,610.00.

Summit Midstream Stock Up 0.9 %

Shares of NYSE SMC opened at $37.79 on Friday. The stock has a market capitalization of $402.46 million, a price-to-earnings ratio of -2.95 and a beta of 2.35. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.20. Summit Midstream Corporation has a 52-week low of $15.56 and a 52-week high of $40.75. The firm has a 50 day moving average price of $35.64.

Institutional Trading of Summit Midstream

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC acquired a new position in shares of Summit Midstream in the third quarter worth $529,000. Fractal Investments LLC acquired a new position in shares of Summit Midstream in the third quarter worth $1,576,000. Pekin Hardy Strauss Inc. acquired a new position in shares of Summit Midstream in the third quarter worth $1,311,000. Virtus Fund Advisers LLC acquired a new position in shares of Summit Midstream in the third quarter worth $3,794,000. Finally, Jane Street Group LLC acquired a new position in shares of Summit Midstream in the third quarter worth $227,000. Hedge funds and other institutional investors own 42.97% of the company’s stock.

About Summit Midstream

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.