Insider Selling: Summit Midstream Corporation (NYSE:SMC) CEO Sells $37,980.00 in Stock

Posted by Tech Dows on Jan 19th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $37.98, for a total value of $37,980.00. Following the completion of the transaction, the chief executive officer now owns 248,006 shares in the company, valued at $9,419,267.88. The trade was a 0.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

On Monday, January 13th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.63, for a total value of $37,630.00.
On Friday, January 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.60, for a total value of $37,600.00.
On Wednesday, January 8th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.50, for a total value of $37,500.00.
On Monday, January 6th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.81, for a total value of $37,810.00.
On Thursday, January 2nd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.49, for a total value of $37,490.00.
On Monday, December 30th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $36.52, for a total value of $36,520.00.
On Thursday, December 26th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $36.19, for a total value of $36,190.00.
On Monday, December 23rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $34.94, for a total value of $34,940.00.
On Friday, December 20th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $34.97, for a total value of $34,970.00.
On Wednesday, December 18th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $35.18, for a total value of $35,180.00.

Summit Midstream Price Performance

Shares of SMC stock opened at $41.49 on Friday. The company’s 50-day moving average price is $36.83. Summit Midstream Corporation has a 12 month low of $15.56 and a 12 month high of $42.26. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.20.

Institutional Trading of Summit Midstream

A number of hedge funds have recently made changes to their positions in the company. Virtus Fund Advisers LLC acquired a new stake in shares of Summit Midstream during the third quarter valued at about $3,794,000. Geode Capital Management LLC acquired a new stake in shares of Summit Midstream during the third quarter valued at about $3,313,000. Fractal Investments LLC acquired a new stake in shares of Summit Midstream during the third quarter valued at about $1,576,000. Pekin Hardy Strauss Inc. acquired a new stake in shares of Summit Midstream during the third quarter valued at about $1,311,000. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of Summit Midstream during the third quarter valued at about $529,000. 42.97% of the stock is owned by institutional investors and hedge funds.

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.