SunCoke Energy, Inc. $SXC Shares Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS boosted its stake in shares of SunCoke Energy, Inc. (NYSE:SXC) by 162.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 89,900 shares of the energy company’s stock after acquiring an additional 55,600 shares during the period. KLP Kapitalforvaltning AS owned about 0.11% of SunCoke Energy worth $772,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of SunCoke Energy by 41.8% in the second quarter. GAMMA Investing LLC now owns 5,330 shares of the energy company’s stock valued at $46,000 after buying an additional 1,571 shares during the last quarter. Quarry LP raised its position in shares of SunCoke Energy by 16.5% in the first quarter. Quarry LP now owns 13,611 shares of the energy company’s stock valued at $125,000 after buying an additional 1,923 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of SunCoke Energy by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,744 shares of the energy company’s stock valued at $458,000 after buying an additional 2,064 shares during the last quarter. Baron Wealth Management LLC raised its position in shares of SunCoke Energy by 13.0% in the second quarter. Baron Wealth Management LLC now owns 18,350 shares of the energy company’s stock valued at $158,000 after buying an additional 2,104 shares during the last quarter. Finally, Veracity Capital LLC raised its position in shares of SunCoke Energy by 5.8% in the second quarter. Veracity Capital LLC now owns 48,396 shares of the energy company’s stock valued at $416,000 after buying an additional 2,659 shares during the last quarter. 90.45% of the stock is currently owned by institutional investors and hedge funds.

SunCoke Energy Trading Down 0.6%

Shares of SXC opened at $8.19 on Friday. 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 12-month low of $7.18 and a 12-month high of $12.82. The firm has a 50-day moving average price of $7.92 and a 200 day moving average price of $8.33. The firm has a market capitalization of $693.45 million, a P/E ratio of 9.52 and a beta of 1.07.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings data on Wednesday, July 30th. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.13). SunCoke Energy had a net margin of 3.99% and a return on equity of 10.43%. The firm had revenue of $434.10 million during the quarter, compared to analysts’ expectations of $348.05 million. During the same period in the prior year, the company posted $0.25 EPS. The company’s revenue for the quarter was down 7.8% compared to the same quarter last year. Sell-side analysts forecast that SunCoke Energy, Inc. will post 0.71 EPS for the current year.

SunCoke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Friday, August 15th. SunCoke Energy’s dividend payout ratio (DPR) is 55.81%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of SunCoke Energy in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, SunCoke Energy presently has an average rating of “Moderate Buy” and a consensus price target of $13.00.

SunCoke Energy 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.