Insider Selling: Summit Midstream Corporation (NYSE:SMC) CEO Sells $35,950.00 in Stock

Posted by Tech Dows on Dec 16th, 2024

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of Summit Midstream stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $35.95, for a total transaction of $35,950.00. Following the sale, the chief executive officer now owns 268,006 shares of the company’s stock, valued at approximately $9,634,815.70. This represents a 0.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

On Wednesday, December 11th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.09, for a total transaction of $37,090.00.
On Monday, December 9th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.22, for a total transaction of $37,220.00.
On Friday, December 6th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.78, for a total transaction of $37,780.00.
On Wednesday, December 4th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.43, for a total transaction of $37,430.00.
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 Friday, November 29th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.20, for a total transaction of $37,200.00.
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 transaction 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 transaction of $37,160.00.
On Friday, November 22nd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $35.74, for a total transaction 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 transaction of $35,820.00.

Summit Midstream Stock Down 1.0 %

Shares of Summit Midstream stock opened at $35.91 on Monday. Summit Midstream Corporation has a 52-week low of $15.56 and a 52-week high of $40.75. The business has a 50 day moving average price of $35.97. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $382.44 million, a P/E ratio of -2.80 and a beta of 2.39.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Virtus Fund Advisers LLC purchased a new position in Summit Midstream in the third quarter worth approximately $3,794,000. Geode Capital Management LLC purchased a new position in Summit Midstream in the third quarter worth approximately $3,313,000. Fractal Investments LLC purchased a new position in Summit Midstream in the third quarter worth approximately $1,576,000. Pekin Hardy Strauss Inc. acquired a new stake in Summit Midstream during the third quarter worth approximately $1,311,000. Finally, Valeo Financial Advisors LLC acquired a new stake in Summit Midstream during the third quarter worth approximately $529,000. Hedge funds and other institutional investors own 42.97% of the company’s stock.

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.