Insider Selling: Summit Midstream Corporation (NYSE:SMC) CEO Sells $44,280.00 in Stock

Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke sold 1,000 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $44.28, for a total transaction of $44,280.00. Following the sale, the chief executive officer now owns 241,326 shares in the company, valued at approximately $10,685,915.28. This trade represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, March 3rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $43.50, for a total value of $43,500.00.
• On Wednesday, February 26th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $41.96, for a total value of $41,960.00.
• On Monday, February 24th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.63, for a total value of $42,630.00.
• On Thursday, February 20th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $44.23, for a total value of $44,230.00.
• On Tuesday, February 18th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $44.98, for a total transaction of $44,980.00.
• On Friday, February 14th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $44.20, for a total transaction of $44,200.00.
• On Wednesday, February 12th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $43.80, for a total transaction 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 transaction 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 stock was sold at an average price of $42.78, for a total value of $42,780.00.

Summit Midstream Stock Down 2.7 %

SMC stock opened at $40.41 on Thursday. The stock has a market capitalization of $430.30 million, a PE ratio of -3.15 and a beta of 2.28. Summit Midstream Corporation has a fifty-two week low of $31.81 and a fifty-two week high of $45.89. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.33 and a current ratio of 1.33. The stock’s 50 day simple moving average is $41.07.

Institutional Trading of Summit Midstream

Institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets acquired a new stake in Summit Midstream during the 4th quarter worth $57,000. Tower Research Capital LLC TRC grew its holdings 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 last quarter. Cetera Investment Advisers increased 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 in the last quarter. Jane Street Group LLC lifted its holdings in shares of Summit Midstream by 56.8% in the 4th quarter. Jane Street Group LLC now owns 10,163 shares of the company’s stock valued at $384,000 after purchasing an additional 3,680 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Summit Midstream in the 4th quarter valued at about $159,000. Hedge funds and other 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.