SunCoke Energy (NYSE:SXC) Director Ratta Ralph Della Jr Purchases 7,288 Shares

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

SunCoke Energy Price Performance

Shares of SunCoke Energy stock traded up $0.13 on Friday, reaching $6.77. The stock had a trading volume of 852,236 shares, compared to its average volume of 962,592. The business’s 50 day moving average is $7.97 and its two-hundred day moving average is $8.22. The company has a current ratio of 2.61, a quick ratio of 1.45 and a debt-to-equity ratio of 0.70. SunCoke Energy, Inc. has a 1 year low of $6.57 and a 1 year high of $12.82. The company has a market cap of $572.77 million, a P/E ratio of 7.86 and a beta of 1.08.

SunCoke Energy (NYSE:SXC) last released 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. SunCoke Energy had a net margin of 3.99% and a return on equity of 10.43%. The firm had revenue of $487.00 million for the quarter, compared to analysts’ expectations of $349.30 million. During the same quarter in the prior year, the firm posted $0.36 earnings per share. The business’s quarterly revenue was down .6% on a year-over-year basis. As a group, research analysts anticipate that SunCoke Energy, Inc. will post 0.71 EPS for the current year.

SunCoke Energy Announces Dividend

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of SunCoke Energy in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Institutional Investors Weigh In On SunCoke Energy

Several institutional investors have recently bought and sold shares of SXC. LSV Asset Management grew its holdings in shares of SunCoke Energy by 35.1% in the first quarter. LSV Asset Management now owns 2,994,312 shares of the energy company’s stock worth $27,548,000 after purchasing an additional 777,807 shares during the last quarter. Invesco Ltd. boosted its position in SunCoke Energy by 72.0% during the 2nd quarter. Invesco Ltd. now owns 1,445,764 shares of the energy company’s stock valued at $12,419,000 after buying an additional 605,366 shares during the period. Norges Bank bought a new stake in SunCoke Energy in the 2nd quarter worth $4,579,000. Bank of America Corp DE raised its stake in shares of SunCoke Energy by 90.6% during the second quarter. Bank of America Corp DE now owns 774,212 shares of the energy company’s stock valued at $6,650,000 after acquiring an additional 368,065 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in shares of SunCoke Energy by 58.4% during the first quarter. Cubist Systematic Strategies LLC now owns 860,970 shares of the energy company’s stock valued at $7,921,000 after acquiring an additional 317,502 shares during the last quarter. 90.45% of the stock is currently owned by hedge funds and other institutional investors.

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.