Insider Selling: Summit Midstream Corporation (NYSE:SMC) CEO Sells $37,810.00 in Stock

Posted by Stephan Jacobs on Jan 10th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $37.81, for a total value of $37,810.00. Following the sale, the chief executive officer now directly owns 254,006 shares in the company, valued at $9,603,966.86. This represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

On Thursday, January 2nd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was 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 stock was sold at an average price of $36.19, for a total transaction 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 transaction 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 transaction of $34,970.00.
On Wednesday, December 18th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $35.18, for a total transaction of $35,180.00.
On Monday, December 16th, 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.
On Friday, December 13th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $35.95, for a total value of $35,950.00.
On Wednesday, December 11th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.09, for a total value 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.

Summit Midstream Stock Performance

NYSE:SMC opened at $37.46 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market capitalization of $398.91 million, a PE ratio of -2.92 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 $40.75. The business’s fifty day moving average is $36.38.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Barclays PLC purchased a new stake in Summit Midstream during the 3rd quarter worth approximately $194,000. Jane Street Group LLC acquired a new stake in shares of Summit Midstream in the third quarter worth approximately $227,000. Valeo Financial Advisors LLC purchased a new stake in shares of Summit Midstream during the third quarter worth approximately $529,000. Pekin Hardy Strauss Inc. acquired a new position in Summit Midstream in the 3rd quarter valued at $1,311,000. Finally, Fractal Investments LLC purchased a new position in Summit Midstream in the 3rd quarter valued at $1,576,000. Institutional investors and hedge funds own 42.97% of the company’s stock.

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.