By otakuyassine3@gmail.com 
Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $34.97, for a total transaction of $34,970.00. Following the transaction, the chief executive officer now directly owns 263,006 shares of the company’s stock, valued at $9,197,319.82. This represents a 0.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
J Heath Deneke also recently made the following trade(s):
- On Monday, December 23rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $34.94, for a total value of $34,940.00.
- 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 value 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 transaction 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 transaction 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.
- On Friday, December 6th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.78, for a total value of $37,780.00.
- On Wednesday, December 4th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.43, for a total value of $37,430.00.
- On Monday, December 2nd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.80, for a total value of $37,800.00.
- On Friday, November 29th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.20, for a total value of $37,200.00.
Summit Midstream Stock Up 0.6 %
Shares of SMC stock opened at $35.20 on Thursday. 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 business has a 50 day moving average of $35.89. Summit Midstream Corporation has a 52 week low of $15.56 and a 52 week high of $40.75. The company has a market capitalization of $374.84 million, a price-to-earnings ratio of -2.75 and a beta of 2.39.
Institutional Investors Weigh In On Summit Midstream
Large investors have recently added to or reduced their stakes in the stock. Barclays PLC bought a new position in shares of Summit Midstream during the 3rd quarter valued at $194,000. Jane Street Group LLC purchased a new stake in Summit Midstream during the third quarter valued at $227,000. Valeo Financial Advisors LLC bought a new position in Summit Midstream in the third quarter valued at about $529,000. Pekin Hardy Strauss Inc. bought a new stake in shares of Summit Midstream during the 3rd quarter valued at about $1,311,000. Finally, Fractal Investments LLC purchased a new stake in shares of Summit Midstream during the 3rd quarter valued at about $1,576,000. Institutional investors 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.
Further Reading
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