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

Posted by Jared Coughlin on Jan 24th, 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 dated Tuesday, January 21st. The shares were sold at an average price of $42.06, for a total transaction of $42,060.00. Following the completion of the sale, the chief executive officer now directly owns 268,326 shares of the company’s stock, valued at approximately $11,285,791.56. This trade represents a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

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 stock was 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 stock was 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 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 transaction 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 transaction of $36,520.00.
On Thursday, December 26th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $36.19, for a total transaction of $36,190.00.
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.

Summit Midstream Trading Down 1.8 %

SMC opened at $42.33 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.20. The company has a market cap of $450.79 million, a price-to-earnings ratio of -3.30 and a beta of 2.37. Summit Midstream Corporation has a 12 month low of $15.56 and a 12 month high of $43.99. The stock has a fifty day moving average of $37.23.

Summit Midstream (NYSE:SMC – Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported ($15.28) 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 during the quarter.

Hedge Funds Weigh In On Summit Midstream

Several institutional investors and hedge funds have recently bought and sold shares of the company. Virtus Fund Advisers LLC purchased a new stake in shares of Summit Midstream during the 3rd quarter valued at $3,794,000. Geode Capital Management LLC acquired a new position in Summit Midstream during the 3rd quarter valued at about $3,313,000. Fractal Investments LLC purchased a new stake in Summit Midstream in the third quarter valued at about $1,576,000. Pekin Hardy Strauss Inc. purchased a new stake in shares of Summit Midstream during the third quarter worth about $1,311,000. Finally, Valeo Financial Advisors LLC acquired a new position in shares of Summit Midstream during the third quarter valued at about $529,000. 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.