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

Posted by Dante Gardener on Jan 24th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $42.06, for a total value of $42,060.00. Following the completion of the transaction, the chief executive officer now directly owns 268,326 shares in the company, valued at $11,285,791.56. This represents a 0.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

On Friday, January 17th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were 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 stock was 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 shares were 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 stock was sold at an average price of $37.60, for a total transaction 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 transaction 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 value of $37,810.00.
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.

Summit Midstream Stock Performance

SMC opened at $42.33 on Friday. The firm has a fifty day moving average price of $37.23. The stock has a market capitalization of $450.79 million, a PE ratio of -3.30 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. 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 (NYSE:SMC – Get Free Report) last announced its quarterly 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 during the quarter. Summit Midstream had a negative net margin of 23.01% and a positive return on equity of 0.71%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in Summit Midstream during the fourth quarter worth $159,000. Barclays PLC acquired a new position in shares of Summit Midstream during the 3rd quarter worth about $194,000. Jane Street Group LLC acquired a new position in shares of Summit Midstream during the 3rd quarter worth about $227,000. Valeo Financial Advisors LLC purchased a new position in Summit Midstream in the 3rd quarter valued at about $529,000. Finally, Pekin Hardy Strauss Inc. acquired a new stake in Summit Midstream in the 3rd quarter worth about $1,311,000. 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.