Jefferies Financial Group Inc. purchased a new stake in SunCoke Energy, Inc. (NYSE:SXC – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 358,916 shares of the energy company’s stock, valued at approximately $2,889,000. Jefferies Financial Group Inc. owned about 0.42% of SunCoke Energy at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Weiss Asset Management LP purchased a new stake in SunCoke Energy in the first quarter valued at approximately $1,198,000. Assenagon Asset Management S.A. acquired a new position in shares of SunCoke Energy during the 2nd quarter worth about $7,359,000. Quantbot Technologies LP purchased a new stake in shares of SunCoke Energy during the 2nd quarter worth approximately $887,000. Intech Investment Management LLC lifted its holdings in shares of SunCoke Energy by 298.2% in the 4th quarter. Intech Investment Management LLC now owns 438,262 shares of the energy company’s stock valued at $3,155,000 after purchasing an additional 328,208 shares during the last quarter. Finally, Empowered Funds LLC grew its position in shares of SunCoke Energy by 16.2% during the first quarter. Empowered Funds LLC now owns 474,814 shares of the energy company’s stock worth $3,091,000 after acquiring an additional 66,076 shares during the last quarter. Institutional investors and hedge funds own 90.45% of the company’s stock.
SunCoke Energy Trading Down 0.9%
Shares of SXC stock opened at $10.19 on Friday. The stock has a market cap of $864.93 million, a P/E ratio of -15.92 and a beta of 0.98. The company has a quick ratio of 1.37, a current ratio of 2.25 and a debt-to-equity ratio of 1.07. SunCoke Energy, Inc. has a fifty-two week low of $5.51 and a fifty-two week high of $10.40. The business has a fifty day simple moving average of $8.83 and a 200-day simple moving average of $7.79.
SunCoke Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Monday, August 17th will be given a $0.12 dividend. The ex-dividend date is Monday, August 17th. This represents a $0.48 annualized dividend and a dividend yield of 4.7%. SunCoke Energy’s dividend payout ratio is currently -75.00%.
Analyst Upgrades and Downgrades
Several research firms have commented on SXC. Wall Street Zen raised SunCoke Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, June 11th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $9.00.
Get Our Latest Stock Analysis on SXC
SunCoke Energy Company Profile
SunCoke Energy, Inc is a leading independent producer of metallurgical coke and related products for the steel and foundry industries. The company specializes in manufacturing both blast furnace coke and foundry coke, offering high‐quality, low‐sulfur coal products that serve as essential inputs in steelmaking and metal casting processes. In addition to coke production, SunCoke provides comprehensive engineering, maintenance and environmental solutions tailored to the needs of integrated steel mills and foundries.
The company operates a network of coke production facilities across the United States, including plants in Indiana, Ohio, West Virginia and Louisiana.
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