Insider Selling: Summit Midstream Corporation (NYSE:SMC) CEO Sells $35,740.00 in Stock

Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke sold 1,000 shares of Summit Midstream stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $35.74, for a total value of $35,740.00. Following the completion of the transaction, the chief executive officer now owns 282,006 shares in the company, valued at $10,078,894.44. This represents a 0.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, November 20th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were 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 stock was sold at an average price of $35.54, for a total value 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 value of $35,610.00.

Summit Midstream Price Performance

Summit Midstream stock opened at $37.35 on Monday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.20. Summit Midstream Corporation has a 1-year low of $15.56 and a 1-year high of $40.75. The stock has a fifty day simple moving average of $35.54.

Institutional Trading of Summit Midstream

A number of institutional investors have recently made changes to their positions in SMC. Barclays PLC acquired a new stake in shares of Summit Midstream in the 3rd quarter worth $194,000. Jane Street Group LLC acquired a new stake in shares of Summit Midstream in the 3rd quarter worth $227,000. Valeo Financial Advisors LLC acquired a new stake in shares of Summit Midstream in the 3rd quarter worth $529,000. Pekin Hardy Strauss Inc. acquired a new stake in Summit Midstream during the 3rd quarter worth about $1,311,000. Finally, Fractal Investments LLC acquired a new stake in Summit Midstream during the 3rd quarter worth about $1,576,000. Institutional investors and hedge funds 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.