Summit Midstream Corporation (NYSE:SMC) CEO Sells $44,200.00 in Stock

Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke sold 1,000 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $44.20, for a total transaction of $44,200.00. Following the transaction, the chief executive officer now owns 250,326 shares in the company, valued at $11,064,409.20. This represents a 0.40 % 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 Tuesday, February 18th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $44.98, for a total transaction of $44,980.00.
• 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 transaction of $43,800.00.
• On Monday, February 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $43.43, for a total transaction of $43,430.00.
• 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 transaction 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 transaction 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 transaction 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 transaction of $41,490.00.
• On Wednesday, January 29th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $40.88, for a total transaction 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 transaction 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 transaction of $42,860.00.

Summit Midstream Trading Down 0.4 %

Summit Midstream stock opened at $44.95 on Thursday. The business has a 50 day moving average price of $39.42. The stock has a market cap of $478.75 million, a price-to-earnings ratio of -3.51 and a beta of 2.37. Summit Midstream Corporation has a 12-month low of $17.03 and a 12-month high of $45.89. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.20.

Institutional Investors Weigh In On Summit Midstream

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new stake in Summit Midstream in the 4th quarter worth approximately $57,000. Tower Research Capital LLC TRC grew its holdings in Summit Midstream by 1,106.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,112 shares of the company’s stock valued at $118,000 after buying an additional 2,854 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Summit Midstream during the 4th quarter valued at approximately $159,000. EntryPoint Capital LLC purchased a new stake in Summit Midstream during the 4th quarter valued at approximately $207,000. Finally, Barclays PLC purchased a new stake in Summit Midstream during the 3rd quarter valued at approximately $194,000. 42.97% of the stock is owned by hedge funds and other institutional investors.

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.