SunCoke Energy (NYSE:SXC) Stock Crosses Above Two Hundred Day Moving Average of $10.25

SunCoke Energy, Inc. (NYSE:SXC)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.25 and traded as high as $11.03. SunCoke Energy shares last traded at $10.74, with a volume of 572,216 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of SunCoke Energy from a “buy” rating to a “strong-buy” rating in a report on Monday, February 5th.

SunCoke Energy Trading Up 0.8 %

The stock’s fifty day moving average price is $10.93 and its 200 day moving average price is $10.26. The company has a quick ratio of 1.05, a current ratio of 1.86 and a debt-to-equity ratio of 0.76. The stock has a market cap of $902.07 million, a PE ratio of 16.02 and a beta of 1.17.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Thursday, February 1st. The energy company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. SunCoke Energy had a net margin of 2.79% and a return on equity of 8.99%. The firm had revenue of $520.60 million for the quarter, compared to analysts’ expectations of $406.40 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, sell-side analysts forecast that SunCoke Energy, Inc. will post 0.86 EPS for the current year.

SunCoke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 15th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend was Wednesday, February 14th. SunCoke Energy’s payout ratio is 59.70%.

Insider Activity at SunCoke Energy

In related news, CEO Michael G. Rippey sold 122,533 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $11.11, for a total transaction of $1,361,341.63. Following the transaction, the chief executive officer now owns 521,073 shares in the company, valued at $5,789,121.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Michael G. Rippey sold 122,533 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $11.11, for a total transaction of $1,361,341.63. Following the transaction, the chief executive officer now owns 521,073 shares in the company, valued at $5,789,121.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael G. Rippey sold 78,714 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $11.06, for a total transaction of $870,576.84. Following the transaction, the chief executive officer now owns 342,359 shares in the company, valued at approximately $3,786,490.54. The disclosure for this sale can be found here. Insiders have sold a total of 251,572 shares of company stock worth $2,781,834 over the last quarter. Company insiders own 1.73% of the company’s stock.

Institutional Trading of SunCoke Energy

Hedge funds have recently bought and sold shares of the stock. Millburn Ridgefield Corp bought a new stake in SunCoke Energy during the third quarter valued at about $30,000. Catalyst Capital Advisors LLC bought a new stake in SunCoke Energy during the third quarter valued at about $30,000. GAMMA Investing LLC bought a new stake in SunCoke Energy during the fourth quarter valued at about $31,000. Tower Research Capital LLC TRC grew its holdings in SunCoke Energy by 574.8% during the first quarter. Tower Research Capital LLC TRC now owns 3,354 shares of the energy company’s stock valued at $30,000 after purchasing an additional 2,857 shares during the period. Finally, Quarry LP lifted its position in shares of SunCoke Energy by 1,615.6% in the first quarter. Quarry LP now owns 3,517 shares of the energy company’s stock valued at $32,000 after acquiring an additional 3,312 shares in the last quarter. Institutional investors own 90.45% of the company’s stock.

About SunCoke Energy

SunCoke Energy, Inc operates as an independent producer of coke in the Americas and Brazil. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics. It offers metallurgical and thermal coal. The company also provides handling and/or mixing services to steel, coke, electric utility, coal producing, and other manufacturing based customers.