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

Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke sold 1,000 shares of the business’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $40.88, for a total value of $40,880.00. Following the completion of the transaction, the chief executive officer now owns 262,326 shares in the company, valued at $10,723,886.88. This trade represents a 0.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 value 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.
• On Tuesday, January 21st, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.06, for a total transaction of $42,060.00.
• On Friday, January 17th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $40.11, for a total value of $40,110.00.
• On Wednesday, January 15th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.98, for a total transaction of $37,980.00.
• 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 transaction of $37,630.00.
• On Friday, January 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were 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 shares were 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 shares were sold at an average price of $37.81, for a total transaction 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 transaction of $37,490.00.

Summit Midstream Stock Up 0.7 %

Summit Midstream stock traded up $0.29 during trading hours on Thursday, hitting $41.46. The stock had a trading volume of 32,261 shares, compared to its average volume of 81,451. The company’s 50-day simple moving average is $37.79. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market cap of $441.48 million, a P/E ratio of -3.24 and a beta of 2.37. Summit Midstream Corporation has a fifty-two week low of $15.56 and a fifty-two week high of $43.99.

Summit Midstream (NYSE:SMC) last issued its earnings results on Tuesday, November 12th. The company reported ($15.28) earnings per share for the quarter. The business had revenue of $102.42 million for the quarter. Summit Midstream had a negative net margin of 23.01% and a positive return on equity of 0.71%.

Hedge Funds Weigh In On Summit Midstream

Several hedge funds and other institutional investors have recently modified their holdings of SMC. Empowered Funds LLC bought a new position in shares of Summit Midstream during the fourth quarter valued at $2,132,000. Graham Capital Wealth Management LLC acquired a new position in Summit Midstream in the fourth quarter valued at about $3,061,000. SG Americas Securities LLC bought a new stake in Summit Midstream during the fourth quarter worth about $159,000. Barclays PLC acquired a new stake in shares of Summit Midstream during the third quarter worth approximately $194,000. Finally, Geode Capital Management LLC bought a new stake in Summit Midstream during the 3rd quarter worth approximately $3,313,000. 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.