Insider Selling: Summit Midstream Corporation (NYSE:SMC) CEO Sells 1,000 Shares of Stock

Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke sold 1,000 shares of the business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $44.20, for a total value of $44,200.00. Following the sale, the chief executive officer now owns 250,326 shares of the company’s stock, valued at approximately $11,064,409.20. The trade was a 0.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 stock was sold at an average price of $44.98, for a total value of $44,980.00.
• On Wednesday, February 12th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $43.80, for a total value of $43,800.00.
• On Monday, February 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $43.43, for a total value 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 value 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 value 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 value 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 value of $41,490.00.
• On Wednesday, January 29th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $40.88, for a total value of $40,880.00.
• On Monday, January 27th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were 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 shares were sold at an average price of $42.86, for a total value of $42,860.00.

Summit Midstream Trading Up 1.9 %

NYSE:SMC opened at $45.04 on Wednesday. The firm has a market capitalization of $479.65 million, a price-to-earnings ratio of -3.52 and a beta of 2.37. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.20. The firm has a 50-day moving average of $39.27. Summit Midstream Corporation has a 1-year low of $17.03 and a 1-year high of $45.89.

Institutional Investors Weigh In On Summit Midstream

A number of hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets acquired a new stake in shares of Summit Midstream during the fourth quarter worth about $57,000. Tower Research Capital LLC TRC raised its position in shares of Summit Midstream by 1,106.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,112 shares of the company’s stock worth $118,000 after purchasing an additional 2,854 shares during the period. Cetera Investment Advisers raised its position in shares of Summit Midstream by 18.9% during the fourth quarter. Cetera Investment Advisers now owns 21,856 shares of the company’s stock worth $826,000 after purchasing an additional 3,472 shares during the period. Jane Street Group LLC raised its position in shares of Summit Midstream by 56.8% during the fourth quarter. Jane Street Group LLC now owns 10,163 shares of the company’s stock worth $384,000 after purchasing an additional 3,680 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Summit Midstream during the fourth quarter worth about $159,000. Institutional investors and hedge funds own 42.97% of the company’s stock.

Summit Midstream Company Profile

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.