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

Creative Planning lowered its holdings in shares of SunCoke Energy, Inc. (NYSE:SXC) by 16.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,980 shares of the energy company’s stock after selling 8,925 shares during the period. Creative Planning owned about 0.06% of SunCoke Energy worth $408,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in SunCoke Energy during the third quarter worth about $667,000. Sanctuary Advisors LLC acquired a new position in shares of SunCoke Energy in the second quarter valued at approximately $420,000. Algert Global LLC acquired a new position in shares of SunCoke Energy in the second quarter valued at approximately $107,000. AXA S.A. raised its position in shares of SunCoke Energy by 103.0% in the second quarter. AXA S.A. now owns 21,688 shares of the energy company’s stock valued at $213,000 after buying an additional 11,003 shares during the last quarter. Finally, Bank of Montreal Can raised its position in shares of SunCoke Energy by 111.3% in the second quarter. Bank of Montreal Can now owns 176,260 shares of the energy company’s stock valued at $1,729,000 after buying an additional 92,827 shares during the last quarter. Institutional investors and hedge funds own 90.45% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SXC shares. Benchmark reissued a “buy” rating and issued a $13.00 price objective on shares of SunCoke Energy in a research report on Tuesday. StockNews.com raised shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th.

SunCoke Energy Price Performance

SunCoke Energy stock opened at $12.33 on Friday. SunCoke Energy, Inc. has a 1 year low of $7.47 and a 1 year high of $12.50. The firm has a 50 day moving average price of $8.72 and a 200 day moving average price of $9.54. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 12.33 and a beta of 1.02. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 2.22.

SunCoke Energy (NYSE:SXC) last released its earnings results on Thursday, October 31st. The energy company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.14. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%. The firm had revenue of $490.10 million during the quarter, compared to the consensus estimate of $412.70 million. During the same period in the previous year, the firm earned $0.08 earnings per share. SunCoke Energy’s revenue was down 5.8% compared to the same quarter last year. Sell-side analysts predict that SunCoke Energy, Inc. will post 0.94 earnings per share for the current year.

SunCoke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 14th will be issued a $0.12 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.48 dividend on an annualized basis and a yield of 3.89%. SunCoke Energy’s payout ratio is 48.00%.

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.