SunCoke Energy (NYSE:SXC) Director Acquires $49,995.68 in Stock

SunCoke Energy, Inc. (NYSE:SXC) Director Ratta Ralph Della, Jr. acquired 7,288 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were purchased at an average cost of $6.86 per share, for a total transaction of $49,995.68. Following the completion of the transaction, the director owned 86,293 shares in the company, valued at approximately $591,969.98. This represents a 9.22% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

SunCoke Energy Stock Up 1.9%

Shares of NYSE:SXC traded up $0.13 during trading on Friday, hitting $6.77. The stock had a trading volume of 852,236 shares, compared to its average volume of 962,592. The company has a market capitalization of $572.77 million, a PE ratio of 7.86 and a beta of 1.08. The company has a quick ratio of 1.45, a current ratio of 2.61 and a debt-to-equity ratio of 0.70. The firm’s fifty day moving average is $7.97 and its 200 day moving average is $8.22. SunCoke Energy, Inc. has a 12 month low of $6.57 and a 12 month high of $12.82.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings results on Tuesday, November 4th. The energy company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.12. The company had revenue of $487.00 million for the quarter, compared to analysts’ expectations of $349.30 million. SunCoke Energy had a return on equity of 10.43% and a net margin of 3.99%.The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 earnings per share. Analysts anticipate that SunCoke Energy, Inc. will post 0.71 EPS for the current fiscal year.

SunCoke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be paid a $0.12 dividend. The ex-dividend date is Monday, November 17th. This represents a $0.48 annualized dividend and a dividend yield of 7.1%. SunCoke Energy’s payout ratio is currently 63.16%.

Hedge Funds Weigh In On SunCoke Energy

Several large investors have recently modified their holdings of the stock. Denali Advisors LLC bought a new stake in SunCoke Energy in the third quarter worth $89,000. JPMorgan Chase & Co. raised its stake in shares of SunCoke Energy by 35.5% in the third quarter. JPMorgan Chase & Co. now owns 442,693 shares of the energy company’s stock valued at $3,612,000 after acquiring an additional 115,968 shares during the period. Public Sector Pension Investment Board lifted its holdings in shares of SunCoke Energy by 5.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 432,835 shares of the energy company’s stock worth $3,532,000 after acquiring an additional 22,600 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of SunCoke Energy by 3.3% during the 3rd quarter. Rhumbline Advisers now owns 258,231 shares of the energy company’s stock worth $2,107,000 after purchasing an additional 8,134 shares during the period. Finally, MQS Management LLC grew its holdings in SunCoke Energy by 43.2% during the 3rd quarter. MQS Management LLC now owns 26,418 shares of the energy company’s stock valued at $216,000 after purchasing an additional 7,975 shares during the last quarter. Institutional investors own 90.45% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of SunCoke Energy in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

SunCoke Energy Company Profile

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.