JPMorgan Chase & Co. Purchases 115,968 Shares of SunCoke Energy, Inc. $SXC

JPMorgan Chase & Co. boosted its position in SunCoke Energy, Inc. (NYSE:SXC) by 35.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 442,693 shares of the energy company’s stock after purchasing an additional 115,968 shares during the period. JPMorgan Chase & Co. owned about 0.52% of SunCoke Energy worth $3,612,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hancock Whitney Corp increased its position in SunCoke Energy by 20.4% during the third quarter. Hancock Whitney Corp now owns 63,336 shares of the energy company’s stock worth $517,000 after buying an additional 10,715 shares during the last quarter. Virtus Advisers LLC lifted its position in shares of SunCoke Energy by 319.4% in the third quarter. Virtus Advisers LLC now owns 32,435 shares of the energy company’s stock valued at $265,000 after buying an additional 24,701 shares during the last quarter. Verition Fund Management LLC boosted its stake in shares of SunCoke Energy by 45.1% during the 3rd quarter. Verition Fund Management LLC now owns 85,402 shares of the energy company’s stock worth $697,000 after acquiring an additional 26,534 shares during the period. Qube Research & Technologies Ltd boosted its stake in shares of SunCoke Energy by 8.8% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,151,482 shares of the energy company’s stock worth $9,396,000 after acquiring an additional 93,357 shares during the period. Finally, Prelude Capital Management LLC increased its holdings in shares of SunCoke Energy by 21.6% during the 3rd quarter. Prelude Capital Management LLC now owns 37,700 shares of the energy company’s stock worth $308,000 after acquiring an additional 6,696 shares during the last quarter. Institutional investors own 90.45% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Mark W. Marinko bought 10,000 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was bought at an average price of $5.84 per share, with a total value of $58,400.00. Following the completion of the acquisition, the chief financial officer owned 71,798 shares of the company’s stock, valued at $419,300.32. This represents a 16.18% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Phillip Michael Hardesty bought 12,500 shares of SunCoke Energy stock in a transaction dated Wednesday, February 25th. The stock was acquired at an average cost of $5.83 per share, with a total value of $72,875.00. Following the transaction, the senior vice president owned 298,677 shares of the company’s stock, valued at $1,741,286.91. This trade represents a 4.37% increase in their position. The SEC filing for this purchase provides additional information. 1.49% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SXC. B. Riley Financial cut their price target on SunCoke Energy from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Weiss Ratings downgraded shares of SunCoke Energy from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $9.00.

SunCoke Energy Trading Up 0.1%

Shares of NYSE:SXC opened at $6.57 on Friday. SunCoke Energy, Inc. has a 12-month low of $5.51 and a 12-month high of $9.82. The business has a 50 day moving average of $6.81 and a 200-day moving average of $7.27. The company has a quick ratio of 1.11, a current ratio of 2.11 and a debt-to-equity ratio of 1.10. The stock has a market cap of $556.97 million, a PE ratio of -12.62 and a beta of 0.87.

SunCoke Energy (NYSE:SXC) last announced its earnings results on Tuesday, February 17th. The energy company reported ($1.00) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($1.10). The firm had revenue of $480.20 million for the quarter, compared to the consensus estimate of $437.45 million. SunCoke Energy had a positive return on equity of 7.43% and a negative net margin of 2.41%.SunCoke Energy’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.28 EPS. As a group, equities research analysts forecast that SunCoke Energy, Inc. will post 0.71 earnings per share for the current year.

SunCoke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, February 17th. This represents a $0.48 annualized dividend and a yield of 7.3%. SunCoke Energy’s dividend payout ratio (DPR) is presently -92.31%.

SunCoke Energy Company Profile

SunCoke Energy, Inc is a leading independent producer of metallurgical coke and related products for the steel and foundry industries. The company specializes in manufacturing both blast furnace coke and foundry coke, offering high‐quality, low‐sulfur coal products that serve as essential inputs in steelmaking and metal casting processes. In addition to coke production, SunCoke provides comprehensive engineering, maintenance and environmental solutions tailored to the needs of integrated steel mills and foundries.

The company operates a network of coke production facilities across the United States, including plants in Indiana, Ohio, West Virginia and Louisiana.