Geode Capital Management LLC Buys 40,801 Shares of SunCoke Energy, Inc. (NYSE:SXC)

Geode Capital Management LLC increased its stake in SunCoke Energy, Inc. (NYSE:SXC) by 2.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,984,605 shares of the energy company’s stock after purchasing an additional 40,801 shares during the period. Geode Capital Management LLC’s holdings in SunCoke Energy were worth $17,230,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of SunCoke Energy in the third quarter valued at about $5,470,000. Jane Street Group LLC grew its holdings in shares of SunCoke Energy by 450.3% in the 3rd quarter. Jane Street Group LLC now owns 665,054 shares of the energy company’s stock valued at $5,773,000 after acquiring an additional 544,194 shares in the last quarter. American Century Companies Inc. increased its position in shares of SunCoke Energy by 13.2% during the 2nd quarter. American Century Companies Inc. now owns 2,512,292 shares of the energy company’s stock worth $24,620,000 after purchasing an additional 292,050 shares during the last quarter. Weiss Asset Management LP bought a new stake in shares of SunCoke Energy during the 3rd quarter worth approximately $1,926,000. Finally, State Street Corp lifted its stake in SunCoke Energy by 3.5% in the third quarter. State Street Corp now owns 4,848,334 shares of the energy company’s stock valued at $42,084,000 after acquiring an additional 163,839 shares during the last quarter. Institutional investors own 90.45% of the company’s stock.

Wall Street Analyst Weigh In

SXC has been the topic of a number of research analyst reports. Benchmark reaffirmed a “buy” rating and issued a $13.00 target price on shares of SunCoke Energy in a report on Tuesday, November 5th. 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 $10.62 on Monday. The company has a current ratio of 2.22, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $893.06 million, a price-to-earnings ratio of 10.62 and a beta of 1.07. The stock’s 50 day moving average is $11.35 and its 200-day moving average is $9.96. SunCoke Energy, Inc. has a 12 month low of $7.47 and a 12 month high of $12.82.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.14. The business had revenue of $490.10 million during the quarter, compared to analysts’ expectations of $412.70 million. SunCoke Energy had a return on equity of 12.95% and a net margin of 4.37%. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 earnings per share. Equities research analysts expect that SunCoke Energy, Inc. will post 1.14 EPS for the current year.

SunCoke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 14th were paid a $0.12 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.48 dividend on an annualized basis and a yield of 4.52%. SunCoke Energy’s dividend payout ratio (DPR) 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.