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

Posted by Tech Dows on Dec 4th, 2024

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $37.20, for a total transaction of $37,200.00. Following the completion of the transaction, the chief executive officer now owns 278,006 shares of the company’s stock, valued at $10,341,823.20. The trade was a 0.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

On Monday, December 2nd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.80, for a total transaction of $37,800.00.
On Wednesday, November 27th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $36.85, for a total value of $36,850.00.
On Monday, November 25th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.16, for a total value of $37,160.00.
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 stock was 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 transaction of $35,540.00.
On Friday, November 15th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $35.61, for a total transaction of $35,610.00.

Summit Midstream Price Performance

Shares of Summit Midstream stock opened at $38.00 on Wednesday. The company has a 50 day moving average of $35.73. The firm has a market capitalization of $404.70 million, a price-to-earnings ratio of -2.97 and a beta of 2.39. Summit Midstream Corporation has a fifty-two week low of $15.56 and a fifty-two week high of $40.75. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.33 and a quick ratio of 1.33.

Institutional Investors Weigh In On Summit Midstream

Hedge funds have recently modified their holdings of the company. Valeo Financial Advisors LLC acquired a new position in shares of Summit Midstream in the third quarter valued at approximately $529,000. Fractal Investments LLC bought a new stake in Summit Midstream during the 3rd quarter worth approximately $1,576,000. Pekin Hardy Strauss Inc. acquired a new position in Summit Midstream in the 3rd quarter valued at approximately $1,311,000. Virtus Fund Advisers LLC acquired a new position in Summit Midstream in the 3rd quarter valued at approximately $3,794,000. Finally, Jane Street Group LLC bought a new position in shares of Summit Midstream during the third quarter valued at $227,000. Institutional investors and hedge funds own 42.97% of the company’s stock.

Summit Midstream Company Profile

(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.