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

Posted by Renee Jackson on Jan 29th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $42.86, for a total value of $42,860.00. Following the transaction, the chief executive officer now owns 266,326 shares in the company, valued at $11,414,732.36. This represents a 0.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

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 Tuesday, January 21st, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.06, for a total value of $42,060.00.
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 shares were sold at an average price of $37.98, for a total value 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 value 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 value 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 value 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 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.

Summit Midstream Price Performance

Shares of NYSE SMC opened at $40.70 on Wednesday. The stock has a market cap of $433.50 million, a P/E ratio of -3.18 and a beta of 2.37. 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’s 50-day simple moving average is $37.59. Summit Midstream Corporation has a 1 year low of $15.56 and a 1 year high of $43.99.

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 (EPS) for the quarter. The business had revenue of $102.42 million for the quarter. Summit Midstream had a positive return on equity of 0.71% and a negative net margin of 23.01%.

Institutional Trading of Summit Midstream

A number of institutional investors have recently bought and sold shares of SMC. SG Americas Securities LLC purchased a new stake in shares of Summit Midstream in the 4th quarter valued at about $159,000. Barclays PLC purchased a new stake in shares of Summit Midstream in the 3rd quarter valued at about $194,000. Jane Street Group LLC purchased a new stake in shares of Summit Midstream in the 3rd quarter valued at about $227,000. Valeo Financial Advisors LLC purchased a new stake in shares of Summit Midstream in the 3rd quarter valued at about $529,000. Finally, Pekin Hardy Strauss Inc. purchased a new stake in shares of Summit Midstream in the 3rd quarter valued at about $1,311,000. 42.97% of the stock is owned by hedge funds and other institutional investors.

About Summit Midstream

(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.