71,503 Shares in SunCoke Energy, Inc. (NYSE:SXC) Acquired by Paloma Partners Management Co

Paloma Partners Management Co bought a new stake in SunCoke Energy, Inc. (NYSE:SXC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 71,503 shares of the energy company’s stock, valued at approximately $621,000. Paloma Partners Management Co owned approximately 0.09% of SunCoke Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of SunCoke Energy by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 6,843,301 shares of the energy company’s stock valued at $77,124,000 after buying an additional 77,649 shares in the last quarter. Pacer Advisors Inc. grew its stake in SunCoke Energy by 3.1% in the second quarter. Pacer Advisors Inc. now owns 4,708,272 shares of the energy company’s stock valued at $46,141,000 after acquiring an additional 139,971 shares during the period. American Century Companies Inc. increased its holdings in shares of SunCoke Energy by 13.2% in the second quarter. American Century Companies Inc. now owns 2,512,292 shares of the energy company’s stock worth $24,620,000 after acquiring an additional 292,050 shares in the last quarter. Federated Hermes Inc. raised its position in shares of SunCoke Energy by 0.3% during the second quarter. Federated Hermes Inc. now owns 820,731 shares of the energy company’s stock worth $8,043,000 after purchasing an additional 2,335 shares during the period. Finally, Empowered Funds LLC lifted its holdings in shares of SunCoke Energy by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 462,035 shares of the energy company’s stock valued at $4,010,000 after purchasing an additional 23,450 shares in the last quarter. 90.45% of the stock is currently owned by institutional investors and hedge funds.

SunCoke Energy Stock Performance

Shares of SunCoke Energy stock opened at $12.61 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.22 and a quick ratio of 1.27. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 12.61 and a beta of 1.07. The stock’s 50-day moving average is $10.20 and its 200-day moving average is $9.78. SunCoke Energy, Inc. has a one year low of $7.47 and a one year high of $12.82.

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

SunCoke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.48 annualized dividend and a yield of 3.81%. SunCoke Energy’s payout ratio is currently 48.00%.

Analyst Ratings Changes

A number of analysts recently issued reports on SXC shares. Benchmark reissued a “buy” rating and set a $13.00 target price on shares of SunCoke Energy in a research note 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 Company 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.