SunCoke Energy, Inc. (NYSE:SXC) Shares Sold by Citigroup Inc.

Citigroup Inc. lessened its holdings in SunCoke Energy, Inc. (NYSE:SXCFree Report) by 43.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,663 shares of the energy company’s stock after selling 27,256 shares during the quarter. Citigroup Inc.’s holdings in SunCoke Energy were worth $362,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SXC. Bank of New York Mellon Corp boosted its holdings in SunCoke Energy by 7.4% in the first quarter. Bank of New York Mellon Corp now owns 1,386,814 shares of the energy company’s stock worth $12,357,000 after purchasing an additional 95,677 shares during the period. Bank of Montreal Can lifted its stake in SunCoke Energy by 53.0% in the first quarter. Bank of Montreal Can now owns 65,318 shares of the energy company’s stock valued at $581,000 after buying an additional 22,618 shares during the last quarter. MetLife Investment Management LLC lifted its stake in SunCoke Energy by 54.1% in the first quarter. MetLife Investment Management LLC now owns 44,813 shares of the energy company’s stock valued at $399,000 after buying an additional 15,741 shares during the last quarter. Rhumbline Advisers lifted its stake in SunCoke Energy by 3.8% in the first quarter. Rhumbline Advisers now owns 245,091 shares of the energy company’s stock valued at $2,184,000 after buying an additional 8,937 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in SunCoke Energy by 14.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 71,633 shares of the energy company’s stock valued at $638,000 after buying an additional 8,840 shares during the last quarter. Institutional investors and hedge funds own 86.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded SunCoke Energy from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 5th.

View Our Latest Research Report on SXC

SunCoke Energy Price Performance

Shares of NYSE SXC opened at $10.88 on Tuesday. SunCoke Energy, Inc. has a fifty-two week low of $6.71 and a fifty-two week high of $11.44. The firm’s 50-day simple moving average is $10.80 and its 200 day simple moving average is $10.09. The company has a quick ratio of 1.05, a current ratio of 1.86 and a debt-to-equity ratio of 0.76. The stock has a market cap of $911.48 million, a P/E ratio of 16.24 and a beta of 1.16.

SunCoke Energy (NYSE:SXCGet Free Report) last released its earnings results on Thursday, February 1st. The energy company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The firm had revenue of $520.60 million for the quarter, compared to analyst estimates of $406.40 million. SunCoke Energy had a return on equity of 8.99% and a net margin of 2.79%. SunCoke Energy’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.14 earnings per share. Equities analysts expect that SunCoke Energy, Inc. will post 0.86 EPS for the current year.

SunCoke Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Thursday, February 15th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.40 dividend on an annualized basis and a yield of 3.68%. SunCoke Energy’s dividend payout ratio is currently 59.70%.

Insider Buying and Selling

In related news, CEO Michael G. Rippey sold 48,618 shares of SunCoke Energy stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $10.93, for a total value of $531,394.74. Following the transaction, the chief executive officer now owns 763,409 shares of the company’s stock, valued at approximately $8,344,060.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Michael G. Rippey sold 78,714 shares of SunCoke Energy stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $11.06, for a total transaction of $870,576.84. Following the completion of the sale, the chief executive officer now directly owns 342,359 shares in the company, valued at approximately $3,786,490.54. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael G. Rippey sold 48,618 shares of SunCoke Energy stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $10.93, for a total value of $531,394.74. Following the sale, the chief executive officer now owns 763,409 shares of the company’s stock, valued at $8,344,060.37. The disclosure for this sale can be found here. In the last quarter, insiders have sold 251,572 shares of company stock valued at $2,781,834. 1.73% of the stock is owned by corporate insiders.

About SunCoke Energy

(Free Report)

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.

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

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