5,536 Shares in Summit Midstream Corporation (NYSE:SMC) Bought by Barclays PLC

Barclays PLC bought a new position in Summit Midstream Corporation (NYSE:SMC) during the third quarter, according to its most recent filing with the SEC. The firm bought 5,536 shares of the company’s stock, valued at approximately $194,000. Barclays PLC owned approximately 0.05% of Summit Midstream as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SMC. Jane Street Group LLC bought a new position in shares of Summit Midstream in the 3rd quarter worth $227,000. Valeo Financial Advisors LLC bought a new position in shares of Summit Midstream in the 3rd quarter worth $529,000. Pekin Hardy Strauss Inc. bought a new position in shares of Summit Midstream in the 3rd quarter worth $1,311,000. Fractal Investments LLC purchased a new stake in Summit Midstream in the 3rd quarter valued at $1,576,000. Finally, Geode Capital Management LLC purchased a new stake in Summit Midstream in the 3rd quarter valued at $3,313,000. 42.97% of the stock is currently owned by institutional investors.

Insider Activity at Summit Midstream

In other news, CEO J Heath Deneke sold 1,000 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $35.54, for a total transaction of $35,540.00. Following the completion of the sale, the chief executive officer now directly owns 286,006 shares of the company’s stock, valued at $10,164,653.24. This trade represents a 0.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last three months, insiders sold 25,000 shares of company stock valued at $916,180. 5.30% of the stock is owned by insiders.

Summit Midstream Trading Up 1.1 %

NYSE SMC opened at $42.05 on Wednesday. The stock has a market cap of $447.75 million, a price-to-earnings ratio of -3.28 and a beta of 2.37. The company has a fifty day moving average of $36.94. Summit Midstream Corporation has a 12 month low of $15.56 and a 12 month high of $43.03. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.33 and a quick ratio of 1.33.

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

Summit Midstream 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.