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

Posted by Trina Covell on Feb 8th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $42.67, for a total transaction of $42,670.00. Following the transaction, the chief executive officer now directly owns 255,326 shares in the company, valued at approximately $10,894,760.42. This trade represents a 0.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

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 transaction 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 transaction of $41,040.00.
On Friday, January 31st, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was 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 stock was 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 stock was sold at an average price of $42.86, for a total transaction of $42,860.00.
On Tuesday, January 21st, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $42.06, for a total transaction of $42,060.00.
On Friday, January 17th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $40.11, for a total transaction of $40,110.00.
On Wednesday, January 15th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were 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 stock was sold at an average price of $37.63, for a total value of $37,630.00.

Summit Midstream Price Performance

SMC stock traded down $1.10 during trading on Friday, reaching $42.69. 66,413 shares of the stock traded hands, compared to its average volume of 78,181. The firm’s 50 day simple moving average is $38.40. The firm has a market cap of $454.56 million, a price-to-earnings ratio of -3.33 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. Summit Midstream Corporation has a 52-week low of $15.76 and a 52-week high of $43.99.

Summit Midstream (NYSE:SMC – Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported ($15.28) earnings per share (EPS) for the quarter. Summit Midstream had a positive return on equity of 0.71% and a negative net margin of 23.01%. The firm had revenue of $102.42 million for the quarter.

Institutional Investors Weigh In On Summit Midstream

Large investors have recently made changes to their positions in the business. Barclays PLC purchased a new stake in Summit Midstream during the 3rd quarter worth $194,000. Fractal Investments LLC acquired a new position in shares of Summit Midstream during the third quarter worth about $1,576,000. Virtus Fund Advisers LLC purchased a new stake in shares of Summit Midstream in the third quarter worth about $3,794,000. Jane Street Group LLC acquired a new stake in shares of Summit Midstream in the third quarter valued at about $227,000. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of Summit Midstream during the 3rd quarter valued at about $529,000. 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.