Veracity Capital LLC Takes Position in SunCoke Energy, Inc. (NYSE:SXC)

Veracity Capital LLC bought a new position in SunCoke Energy, Inc. (NYSE:SXC) during the fourth quarter, HoldingsChannel reports. The firm bought 42,331 shares of the energy company’s stock, valued at approximately $453,000.

Several other hedge funds have also bought and sold shares of the business. Ballentine Partners LLC raised its holdings in SunCoke Energy by 19.5% during the fourth quarter. Ballentine Partners LLC now owns 19,041 shares of the energy company’s stock worth $204,000 after buying an additional 3,102 shares during the last quarter. Ritholtz Wealth Management increased its position in shares of SunCoke Energy by 25.5% during the fourth quarter. Ritholtz Wealth Management now owns 59,462 shares of the energy company’s stock worth $636,000 after acquiring an additional 12,075 shares in the last quarter. CWA Asset Management Group LLC raised its holdings in shares of SunCoke Energy by 21.0% in the 4th quarter. CWA Asset Management Group LLC now owns 69,326 shares of the energy company’s stock worth $742,000 after acquiring an additional 12,024 shares during the last quarter. GAMMA Investing LLC lifted its position in SunCoke Energy by 71.3% in the 4th quarter. GAMMA Investing LLC now owns 4,156 shares of the energy company’s stock valued at $44,000 after acquiring an additional 1,730 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in SunCoke Energy by 28.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 852,051 shares of the energy company’s stock valued at $7,396,000 after purchasing an additional 191,235 shares during the last quarter. Institutional investors and hedge funds own 90.45% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SXC. Benchmark reissued a “buy” rating and issued a $13.00 price objective on shares of SunCoke Energy in a research note on Tuesday, November 5th. StockNews.com raised SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th.

SunCoke Energy Stock Up 1.3 %

SunCoke Energy stock opened at $10.28 on Friday. SunCoke Energy, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $12.82. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 2.22. The firm’s 50-day simple moving average is $11.34 and its 200 day simple moving average is $10.04. The stock has a market cap of $864.11 million, a PE ratio of 10.28 and a beta of 1.08.

SunCoke Energy (NYSE:SXC) last announced its earnings results on Thursday, October 31st. The energy company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.14. The firm had revenue of $490.10 million for the quarter, compared to the consensus estimate of $412.70 million. SunCoke Energy had a return on equity of 12.95% and a net margin of 4.37%. The company’s revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.08 EPS. Research analysts predict that SunCoke Energy, Inc. will post 1.14 EPS for the current fiscal year.

SunCoke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were paid a $0.12 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.48 dividend on an annualized basis and a yield of 4.67%. SunCoke Energy’s dividend payout ratio (DPR) is presently 48.00%.

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.