SunCoke Energy, Inc. (NYSE:SXC) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its stake in SunCoke Energy, Inc. (NYSE:SXC) by 12.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 184,094 shares of the energy company’s stock after selling 26,126 shares during the period. Thrivent Financial for Lutherans owned 0.22% of SunCoke Energy worth $1,314,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Invesco Ltd. boosted its holdings in SunCoke Energy by 52.7% in the 2nd quarter. Invesco Ltd. now owns 1,639,715 shares of the energy company’s stock valued at $11,708,000 after purchasing an additional 566,144 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in SunCoke Energy by 71.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 904,993 shares of the energy company’s stock valued at $6,462,000 after purchasing an additional 375,701 shares in the last quarter. Vanguard Group Inc. boosted its holdings in SunCoke Energy by 5.2% in the 2nd quarter. Vanguard Group Inc. now owns 5,840,083 shares of the energy company’s stock valued at $41,699,000 after purchasing an additional 286,688 shares in the last quarter. Morgan Stanley boosted its holdings in SunCoke Energy by 27.8% in the 2nd quarter. Morgan Stanley now owns 814,210 shares of the energy company’s stock valued at $5,814,000 after purchasing an additional 177,072 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in SunCoke Energy by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,940,365 shares of the energy company’s stock valued at $35,273,000 after purchasing an additional 101,277 shares in the last quarter. Hedge funds and other institutional investors own 82.98% of the company’s stock.

Shares of NYSE:SXC opened at $6.47 on Thursday. The stock’s 50 day moving average price is $6.65. The stock has a market cap of $537.53 million, a price-to-earnings ratio of 21.57 and a beta of 1.25. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.37 and a quick ratio of 0.66. SunCoke Energy, Inc. has a 12 month low of $4.13 and a 12 month high of $8.15.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings results on Sunday, October 31st. The energy company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.10. The business had revenue of $366.50 million for the quarter, compared to analyst estimates of $368.00 million. SunCoke Energy had a return on equity of 9.16% and a net margin of 1.83%. During the same quarter in the previous year, the company earned ($0.01) EPS. On average, sell-side analysts expect that SunCoke Energy, Inc. will post 0.9 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 1st. Investors of record on Thursday, November 18th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Wednesday, November 17th. SunCoke Energy’s payout ratio is currently 80.00%.

A number of equities research analysts have weighed in on SXC shares. Zacks Investment Research raised SunCoke Energy from a “hold” rating to a “buy” rating and set a $7.75 price objective on the stock in a report on Friday, November 5th. B. Riley reissued a “buy” rating on shares of SunCoke Energy in a research note on Tuesday, November 2nd. Finally, TheStreet raised SunCoke Energy from a “c” rating to a “b-” rating in a research note on Monday, November 1st.

SunCoke Energy Profile

SunCoke Energy, Inc is engaged in the production of coke through heating metallurgical coal in a refractory oven. It operates through the following segments: Domestic Coke, Brazil Coke, and Logistics. The Domestic Coke segment consists of Jewell facility located in Vansant, Virginia; Indiana Harbor facility located in East Chicago, Indiana; Haverhill facility located in Franklin Furnace, Ohio; Granite City facility located in Granite City, Illinois; and Middletown facility located in Middletown, Ohio.

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Institutional Ownership by Quarter for SunCoke Energy (NYSE:SXC)

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