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

Posted by Jay Halladay on Jan 14th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $37.50, for a total value of $37,500.00. Following the completion of the sale, the chief executive officer now owns 252,006 shares in the company, valued at $9,450,225. The trade was a 0.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

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 transaction of $37,600.00.
On Monday, January 6th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was 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 value of $37,490.00.
On Monday, December 30th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was 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 value 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 value of $34,940.00.
On Friday, December 20th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was 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 shares were 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 stock was sold at an average price of $35.18, for a total transaction of $35,180.00.

Summit Midstream Stock Performance

NYSE:SMC traded down $0.14 during mid-day trading on Monday, hitting $37.68. The stock had a trading volume of 53,197 shares, compared to its average volume of 66,071. The stock has a 50 day simple moving average of $36.56. The firm has a market cap of $401.25 million, a PE ratio of -2.94 and a beta of 2.37. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.33 and a current ratio of 1.33. Summit Midstream Corporation has a twelve month low of $15.56 and a twelve month high of $40.75.

Institutional Investors Weigh In On Summit Midstream

Large investors have recently added to or reduced their stakes in the business. Barclays PLC acquired a new stake in Summit Midstream during the 3rd quarter worth approximately $194,000. Jane Street Group LLC bought a new stake in shares of Summit Midstream in the third quarter valued at about $227,000. Valeo Financial Advisors LLC acquired a new position in shares of Summit Midstream in the third quarter valued at about $529,000. Pekin Hardy Strauss Inc. acquired a new stake in Summit Midstream in the 3rd quarter worth about $1,311,000. Finally, Fractal Investments LLC acquired a new position in shares of Summit Midstream during the 3rd quarter worth approximately $1,576,000. Institutional investors 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.