VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 58,400 SunCoke Energy, Inc. $SXC

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in SunCoke Energy, Inc. (NYSE:SXC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 58,400 shares of the energy company’s stock, valued at approximately $502,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.07% of SunCoke Energy as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have 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% during the second quarter. GAMMA Investing LLC now owns 5,330 shares of the energy company’s stock worth $46,000 after purchasing an additional 1,571 shares during the period. CWM LLC raised its position in shares of SunCoke Energy by 159.9% during the first quarter. CWM LLC now owns 5,522 shares of the energy company’s stock worth $51,000 after purchasing an additional 3,397 shares during the period. Cresset Asset Management LLC acquired a new position in shares of SunCoke Energy during the first quarter worth approximately $93,000. Aigen Investment Management LP acquired a new position in shares of SunCoke Energy during the first quarter worth approximately $98,000. Finally, EP Wealth Advisors LLC acquired a new position in shares of SunCoke Energy during the first quarter worth approximately $102,000. 90.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

SunCoke Energy Trading Down 0.4%

Shares of SunCoke Energy stock opened at $7.96 on Friday. The stock has a fifty day simple moving average of $7.95 and a 200 day simple moving average of $8.31. SunCoke Energy, Inc. has a 12-month low of $7.18 and a 12-month high of $12.82. The company has a market capitalization of $673.55 million, a P/E ratio of 9.25 and a beta of 1.07. 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 (NYSE:SXC) last announced its quarterly earnings results on Wednesday, July 30th. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.13). The company had revenue of $434.10 million for the quarter, compared to the consensus estimate of $348.05 million. SunCoke Energy had a return on equity of 10.43% and a net margin of 3.99%.The company’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 EPS. On average, sell-side analysts anticipate that SunCoke Energy, Inc. will post 0.71 earnings per share for the current fiscal year.

SunCoke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.48 annualized dividend and a yield of 6.0%. SunCoke Energy’s dividend payout ratio (DPR) is 55.81%.

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.