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

Posted by Mark Dietrich on Feb 13th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $43.80, for a total value of $43,800.00. Following the sale, the chief executive officer now owns 252,326 shares in the company, valued at approximately $11,051,878.80. The trade was a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

On Monday, February 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $43.43, for a total value 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 shares were sold at an average price of $42.78, for a total value of $42,780.00.
On Monday, February 3rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $41.04, for a total value 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 stock was 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 value of $42,860.00.
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 stock was sold at an average price of $40.11, for a total value of $40,110.00.

Summit Midstream Stock Performance

SMC stock opened at $43.94 on Thursday. The company has a current ratio of 1.33, a quick 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 $44.67. The business’s 50 day simple moving average is $38.73.

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

Institutional Investors Weigh In On Summit Midstream

A number of institutional investors have recently made changes to their positions in the company. Virtus Fund Advisers LLC bought a new stake in shares of Summit Midstream in the 3rd quarter valued at approximately $3,794,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Summit Midstream in the 4th quarter valued at approximately $3,829,000. Geode Capital Management LLC bought a new stake in shares of Summit Midstream in the 3rd quarter valued at approximately $3,313,000. Graham Capital Wealth Management LLC bought a new stake in shares of Summit Midstream in the 4th quarter valued at approximately $3,061,000. Finally, Rangeley Capital LLC bought a new stake in shares of Summit Midstream in the 4th quarter valued at approximately $2,183,000. 42.97% of the stock is currently owned by institutional investors.

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.